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At a breakfast meeting, Siddaramaiah revealed his resignation decision, naming D K Shivakumar as his successor. He presented his resignation to the Governor’s Special Secretary, who noted it would be accepted by the Governor later.
DK Shivakumar to become new Karnataka CM—Inside his ₹1,413 cr net worth (File photo/ X)(HT_PRINT)During a breakfast meeting hosted at his residence for cabinet colleagues on Thursday, Siddaramaiah informed ministers about his decision to resign and said Deputy Chief Minister DK Shivakumar would succeed him, following directions from the Congress high command.
Siddaramaiah handed over his resignation to the Governor’s Special Secretary at Lok Bhavan. Special Secretary Prabhu Shankar accepted the resignation in the absence of Governor Thaawarchand Gehlot. Deputy Chief Minister DK Shivakumar and several cabinet ministers were present alongside Siddaramaiah when he submitted his resignation.
"I have received the resignation, but it will be accepted by the Governor," Prabhu Shankar stated, according to PTI.
In a photograph shared by the Chief Minister’s Office from the gathering, Siddaramaiah is seen embracing an emotional Shivakumar.
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DK Shivakumar's net worth
DK Shivakumar has a declared total net worth of ₹1,413 crore (over $170 million). According to his official election affidavit, this figure includes movable assets worth ₹1,140 crore and immovable properties valued at ₹273 crore, against liabilities of about ₹265 crore.
These figures were submitted to the Election Commission during the 2023 Karnataka Assembly elections.
The disclosure marked a significant increase from the ₹840.08 crore in assets declared in 2018.
The affidavit also stated that Shivakumar owned one registered vehicle — a Toyota Qualis, along with luxury watches from brands such as Rolex and Hublot, besides holdings in gold and silver. It further revealed that 19 criminal cases were pending against Kanakapura MLA when he filed his nomination papers for the 2023 Karnataka Assembly elections.
What happened in recent New Delhi meeting?
Both Siddaramaiah and Shivakumar were in New Delhi on Tuesday, where they attended a meeting with senior Congress leaders, including Mallikarjun Kharge and Rahul Gandhi.
Officially, the Congress maintained that the discussions focused on the upcoming Rajya Sabha and Legislative Council elections, dismissing reports of a possible leadership change in Karnataka as mere “speculation.”
Congress General Secretary KC Venugopal told reporters that candidates for the Rajya Sabha seats from Karnataka would be announced together with nominees from other states.
"Today, we had a detailed meeting with Congress president Mallikarjun Kharge and LoP Rahul Gandhi. Chief Minister Siddaramaiah and Deputy CM DK Shivakumar, general secretary incharge of Karnataka (Randeep Singh Surjewala) and I were part of the discussion. The entire discussion was concentrated only on upcoming Rajya Sabha elections and Council Elections of Karnataka," Venugopal said, as per ANI.
"Whatever speculation you people are doing is only speculation; no reality at all...The candidates of Rajya Sabha and Council seats of Karnataka will be announced along with the other seats like that from other states...This is what we decided today and nothing else," he added.
The Congress government in the state has completed three years in office. Over the last 18 months, supporters of Shivakumar have repeatedly asserted that he would eventually assume the role of Chief Minister.
About the Author
Garvit Bhirani
Garvit Bhirani is a journalist based in Gurugram. He is a Deputy Chief Content Producer at LiveMint, where he covers national and international news stories, focusing on accuracy and compelling storytelling for readers. <br><br> With a total of six years of experience in journalism, he has previously worked with Vaco Binary Semantics for Google, taking on the role of news curation lead, and reported from the field on health, education, and agriculture stories for 101reporters and News9. He has also served as a content editor for entertainment and news media organisations. <br><br> Garvit holds bachelor’s and master’s degrees in journalism and mass communication from Guru Gobind Singh Indraprastha University and Gurugram University, respectively. During college days, he joined India’s only non-profit student journalism network, where he anchored daily news updates and produced his own weekly show called ‘Data Fix’. <br><br> He was selected for the YES Foundation Media for Social Change Fellowship in Delhi, the Talking Data to the Fourth Pillar residential workshop, and the VOICE Fellowship in Pune. <br><br> He holds certificates in COVID-19-verification reporting, data journalism, food & agriculture, tech policy, media literacy and countering misinformation, and tackling election disinformation courses from Thomson Foundation, IndiaSpend, The Dialogue, US Mission in India, and AFP. <br><br> He can be reached on <a href="https://www.linkedin.com/in/garvit-bhirani">LinkedIn</a> or on <a href="https://x.com/GarvitBhirani">@garvitbhirani</a> on X
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