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Shibu Baby John, the MLA from Chavara seat, has declared net worth of ₹24.63 Crores in his election affidavit filed before contesting elections. Here is the detail of his net worth as declared in the affidavit.
Revolutionary Socialist Party leader Shibu Baby John takes oath as Kerala Minister during the swearing-in ceremony of the Keralam Government, at Central Stadium, in Thiruvananthapuram on Monday. (PRD Office)Senior Congress leader VD Satheesan took oath as Kerala Chief Minister today, 18 May.
Satheesan's 20 Cabinet members were also sworn in at a grand function here with Governor Rajendra Vishwanath Arlekar administering the oath of office. Alliance parties, including the UDF's second largest constituent IUML, have also been accommodated in the ministry.
Satheesan is yet to officially announce the portfolios, but Shibu Baby John, the Revolutionary Socialist Party (RSP) leader, after being sworn in as a minister, told reporters later in the day that he has been allocated the Forest, Skill Development and Cashew Industries departments.
Shibu Baby John is richest minister in Kerala
“After the Cabinet meeting, officials from the department came to meet me. I directed them to start a 24×7 call centre to address human-wildlife conflict. Any person can bring their concerns to the notice of the minister and officials,” he said.
John won the election from Chavara constituency in Kollam. He had earlier served as Labour Minister in the Oommen Chandy government.
John is the richest minister in the Satheesan cabinet. Even richer that Chief Minister, according to an analysis of his affidavit by election watchdog, Association for Democratic Reforms (ADR)
John has declared net worth of ₹24.63 Crores in his election affidavit filed before contesting elections. Here is the detail of his net worth as declared in the affidavit.
Satheesan and his wife, Lakshmi Priya R, together declared a gross total assets of around ₹5.6 crore, categorised into movable and immovable properties.
Shibu Baby John (Self)
Movable Assets : ₹17,75,14,510
Immovable Assets ₹3,84,83,845
Annie Mathew John (Spouse)
Movable Assets: ₹2,28,27,664
Immovable Assets: ₹74,84,293
Shibu Baby John Liabilities: ₹3,62,72,724
Key Asset Highlights
Shibu Baby John's movable assets ncludes significant investments in bonds, debentures, and shares (over Rs. 10.31 crore) and personal loans/advances given (over Rs. 6.11 crore).
Vehicles: Shibu owns an Audi Q7 and a Hyundai Creta. His spouse owns a Maruti Swift.
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Jewellery: Shibu has shwon 40 grams of gold (Rs. 5.82 lakh), while the spouse holds 800 grams (Rs. 1.16 crore).
Shibu's immovable assets comprises both inherited and self-acquired agricultural land, non-agricultural land, and commercial buildings in locations like Neendakara and Thiruvananthapuram
Liabilities: Shubu's liabilities include an overdrawn (OD) account and car loan from ICICI Bank, as well as significant personal borrowings from entities like Century Max John Mary LLP and Vinu Kuruvila
Income Details
Self-Income Sources: Income from pension as a former legislator (Rs. 25,000/month), business profit remuneration, and other sources
Spouse: Declared as a housewife with no independent source of income
Tax Filing: Shibu total income shown in the last IT return (2024-25) was ₹4,17,970
Key Takeaways
- Shibu Baby John's net worth significantly exceeds that of the Chief Minister, highlighting financial disparities in Kerala's political landscape.
- John's asset composition includes substantial investments in bonds, shares, and personal loans, showcasing diverse financial strategies.
- The establishment of a call center for human-wildlife conflict demonstrates a proactive approach to community concerns in his new role.
About the Author
Gulam Jeelani
Gulam Jeelani is Political Desk Editor at LiveMint with over 16 years of experience covering national and international politics. Based in New Delhi, Jeelani delivers impactful political narratives through breaking stories, in-depth interviews, and analytical pieces at LiveMint since February 2024. The expertise in video production fuels his current responsibilities, which include curating content and conducting video interviews for an expanding digital audience.<br><br> Jeelani also travels during elections and key political events and has covered assembly elections in key states apart from national elections. He has previously worked with The Pioneer, Network18, India Today, News9Plus and Hindustan Times.<br><br> Jeelani’s tenure at LiveMint and previous experience at print and digital newsrooms have honed his skills in creating compelling text and video stories, explainers, and analysis that resonate with a diverse viewership.<br><br> Before moving to New Delhi in 2015, Jeelani was based in Uttar Pradesh, where he worked for five years as a reporter. In 2018, Jeelani was one of the two Indian journalists selected for the Alfred Friendly Fellowship in the US. There, he attended training workshops on reporting and data journalism, and he was attached to the Minneapolis Star Tribune in Minnesota, where he worked as a reporter.<br><br> Jeelani is a Bachelor's in Chemistry and holds a Masters Degree in journalism and mass communication from Aligarh Muslim University. Outside work, he enjoys poetry, cricket and movies.
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