The Aryavarth Express
Agency(Tamil Nadu): In a significant disclosure ahead of the Lok Sabha polls, AIADMK candidate Ashok Kumar has declared assets amounting to over ₹583 crore, marking him as one of the wealthiest contenders in Tamil Nadu’s political arena. His nomination for the Erode Parliamentary constituency was officially registered on Monday, March 25, 2024, with the Returning Officer and Collector, Raja Gopal Sunkara.
In a detailed affidavit, Kumar outlined his financial standing, highlighting movable assets valued at ₹526.53 crore and immovable properties worth ₹56.95 crore. His spouse, Karunambika, also boasts considerable wealth, with ₹47.38 crore in movable assets and ₹22.60 crore in immovable assets. The couple’s total gold holdings are reported to be over ₹10 crore, yet they have not listed any vehicles in their name. Their assets are predominantly spread across Coimbatore and several other locations in Tamil Nadu.
Kumar’s economic activities span various businesses, and he also draws a salary, whereas his wife, an architect by profession, earns through both rental income and a professional salary. The couple’s income tax returns for the fiscal year 2022-23 were ₹1.09 crore and ₹1.03 crore, respectively.
Beyond his financial credentials, Ashok Kumar is celebrated for his philanthropy, particularly through the Aatral Foundation, which he established in 2021. His initiatives have focused on enhancing public infrastructure and providing affordable healthcare and meals, significantly impacting the lives of many in Tamil Nadu.
Kumar’s political lineage is notable, with family connections to both parliamentary and legislative offices. His educational and professional background is equally distinguished, with advanced degrees from the United States and extensive experience in the corporate sector, including a significant tenure with multinational companies.