Suresh Prabhu is a well-known politician as well as one of the famous Chartered Accountants of India who has served in multiple important ministries in the Government of India. Other than this, Prabhu is also a visiting professor at the London School of Economics and the founding Chancellor of Rishihood University. Check out some interesting details about Suresh Prabhu’s net worth, political career, personal life, awards & accolades, etc. from this article.
Suresh Prabhu Net Worth 2023
Suresh Prabhu was estimated to have a total asset of about ₹5 crore distributed in the name of his wife, son, and himself. As of 2023, no exact details about his net worth are known.
|Profession||Politician, Chartered Accountant|
|Net worth||₹5 crores (est.) (as in 2014)|
Suresh Prabhu Personal Biography
Suresh Prabhu was born on 11 July 1953 in Bombay, Bombay State, India to Sumati Devi and Prabhakar Prabhu. Prabhu completed his schooling from Sharadashram Vidya Mandir and earned a Bachelor in Commerce with Honors from M.L. Dahanukar College, both from Mumbai. He also holds a Bachelor in Law degree from the New Law College, Mumbai. Suresh is a Chartered Accountant and a member of the Institute of Chartered Accountants of India as well.
Since 1984, Suresh Prabhu has been married to Uma Prabhu and together they have one son, Ameya Prabhu.
|Full name||Suresh Prabhakar Prabhu|
|Profession||Politician, Chartered Accountant|
|Years active||1996 – present|
|Political party||Bharatiya Janata Party (2014 – present) Shiv Sena (1996 – 2014)|
|Age||Born on 11 July 1953|
|Place of birth||Bombay, Bombay State, India|
|Education||University of Mumbai ICAI|
|Spouse||Uma Prabhu (1984 – present)|
|Place of residence||Mumbai, Maharashtra|
|Parents||Sumati Devi (mother) Prabhakar Prabhu (father)|
Suresh Prabhu Political Career
Suresh Prabhu became a Member of Parliament from Lok Sabha as a member of the Shiv Sena political party in 1996. the same year, he was appointed as the Union Minister for Industry but served the position for only 16 days. Even in this short period of time, Prabhu was able to bring transparency in functioning and fuel clearance of pending works. From 1998 to 1998, Prabhu served as the Union Minister For Environment and Forests for 1 year, and 208 days, and during this period he played many important roles. He played a big part in setting up of Indian Centre for the Promotion of Cleaner Technologies, strengthened the monitoring system in environmental clearances, and worked immensely toward sustainable utilization and equitable sharing of biological resources, etc.
In 2000, Suresh was appointed as the Union Power Minister where he undertook many crucial tasks including resource planning for building additional power generation capacity. He also led the formation of the National Power Grid to enable power transfer from power surplus regions to power deficit regions. Suresh was then appointed in 2002 as the Chairperson of the Task Force for Interlinking of Rivers where he managed the in-depth program of the Government of India. The Interlinking of Rivers was a major step toward fighting against water stress by connecting major rivers of the country.
Move to BJP & Later Years
After switching to the political party Bhartiya Janta Party (BJP), Suresh Prabhu became a Cabinet minister in the government led by Prime Minister Narendra Modi. He served as the Union Railway Minister of India from 2014 to 2017 where he brought many significant changes. He launched an integrated mobile app for all Railway-related services, High-speed free Wi-Fi at 140+ stations, a new catering policy, and an online platform for employees to lodge their grievances named “Nivaran”. Prabhu even eliminated interviews for all recruitment for Staff at Group C & D level in railways.
For the period of 2017 to 2019, Prabhu served as Union Commerce & Industry Minister and introduced the first-ever Agriculture Export Policy in India to tackle barriers in the agricultural sector. He also held the position of Union Civil Aviation Minister from 2018 to 2019 where he released India’s first-ever National Air Cargo Policy, Maintenance, Repair and Overhaul (MRO) Policy, National Green Aviation Policy, and Drone Policy Initiative. In addition to this, he also launched UDAN, AIR SEWA 2.0, DIGIYATRA, Digi Sky, and NABH initiatives.
Here is the career timeline of Suresh Prabhu in Indian politics:
|Member of Parliament, Lok Sabha||15 May 1996 – 18 May 2009|
|Minister of Industry||16 May 1996 – 1 June 1996|
|Minister of Environment and Forests||19 March 1998 – 13 October 1999|
|Minister of Fertilizers & Chemicals||13 October 1999 – 29 September 2000|
|Minister of Power||30 September 2000 – 25 August 2002|
|Chairperson, Task Force for Interlinking of Rivers||2002 – 2004|
|Member of Parliament, Rajya Sabha||29 November 2014 – 21 June 2016 22 June 2016 – 21 June 2022|
|Minister of Railways||9 November 2014 – 3 September 2017|
|Minister of Commerce and Industry||3 September 2017 – 30 May 2019|
|Minister of Civil Aviation||12 March 2018 – 30 May 2019|
Other Important Positions Held
Apart from the ministry in the Indian government, Prabhu has held some other important positions as well. He has been the former Chairman of Saraswat Co-operation Bank, Konkan Kala Academy, Adult Education Institute, etc., and Former Trustee at Mumbai Marathi Granth Sangrahalaya, IFFCO Foundation, and others. He is also the Senior Vice-president at the Table Tennis Federation of India in 2023 and is the founder and trustee, Manav Sadhan Vikas Sansthan.
Awards & Honors won by Suresh Prabhu
Check out this list of the awards and honors in Suresh Prabhu’s name:
- Indian of the Year (2017)
- Best Member of Parliament in 13th Lok Sabha by Aaj Tak (2004)
- Top three Indian leaders of the future in the cover story of “Giant on the Move” of the Asiaweek Magazine (2000)
- Second best performing Minister in India Today’s report (2001)
Suresh Prabhu on Social Media
Frequently Asked Questions
Suresh Prabhu’s net worth in 2023 is not exactly known.
As of 2023, Suresh Prabhu is 70 years old.
Ameya Prabhu, the Founder and Managing Director of NAFA Capital Advisors Pvt. Ltd is Suresh Prabhu’s son.
Yes, he has held the position from 24 June 2019 to 7 September 2021.