K"taka Legislative Council polls: Meet the billionaire candidate with Rs 1,744 crore assets

Bengaluru | Thursday | 25th November, 2021

Summary:

Bengaluru, Nov 25 (PTI) He may have been a little known name in the party circles but Congress" Yousuf Sharif has now got all the attention on him, thanks to a declared family worth of over Rs 1,000 crore, made in his poll affidavit for the December 10 Karnataka Legislative Council polls.

Sharif, a multi billionaire who was earlier into selling scrap before foraying into real estate, has declared assets belonging to him and his family worth over Rs 1,744 crore, making him arguably the richest candidate among the lot.

The 54-year old businessman is contesting from the Bangalore Urban local authorities" constituency, and was not much known in the party circles until his name was announced.

Sharif is also known as "Gujari Babu" or "Scrap Babu", in an apparent reference to his stint in scrap-dealing.

A native of Kolar Gold Fields, in the affidavit filed before the Election Commission along with his nomination papers, Sharif has stated he has studied till Class V at the local government school, has two wives and five children--a daughter and four sons.

He has declared Rs 97.98 crore movable and Rs 1,643.59 crore worth immovable assets in his name.