Politics | Updated Apr 25, 2008 at 10:04am IST

Karnataka billionaires bank on politics

Shwetal Rai, CNN-IBN

Bangalore: Infrastructure baron Kuppendra Reddy, who owns half the buildings housing software companies in Bangalore, has a new passion these days. He's contesting the Assembly polls.

"Business means that 24 hours I am not making money. And, I have made sufficient. Now, I have one ambition with the force of the people, with the pressure of the people, the people want me to go to politics. I have done enough to my family. Now, I can work for 10-12 years in my constituency as well as the state,” he says.

While he may want to work among the masses, being in politics means he'll rub shoulders with many a crorepati.

Reddy has assets amounting to Rs 180 crore but many politicians with meagre beginnings too are now worth a few crore each. Among them,

  • Former Chief Minister HD Kumaraswamy who has declared assets worth Rs 49.72 crore
  • Congressman V Somanna's family assets amount to Rs 21 crore
  • HD Revanna's family has assets amounting to Rs 10 crore
  • BJP leader Pramila Nesargi's family also owns assets amounting to Rs10 crore
  • Former Congress MLA Dinesh Gundu Rao owns property worth Rs 20 crore

Even as figures pour in, Bangaloreans can only hope some of the wealth amassed by the richie-rich filters down to those who really need it.

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