Thu Feb 20 10:32:18 UTC 2025: ## Delhi’s New Chief Minister Sworn In; Crorepati Rival Takes Cabinet Post

**New Delhi, [Date]** – Rekha Gupta was sworn in as Delhi’s new Chief Minister today. Joining her in the cabinet is Pravesh Verma, a high-profile contender in the recent Chief Ministerial race. Verma, who defeated incumbent Arvind Kejriwal in the New Delhi constituency by over 4,000 votes, is known for his considerable wealth and political lineage.

Verma, son of former Delhi Chief Minister Sahib Singh Verma, boasts a net worth exceeding ₹115 crore, according to his election affidavit. This includes significant investments in stocks (approximately ₹69 crore) in companies such as Reliance, Adani Total Gas, and Shree Renuka Sugars, as well as substantial real estate holdings. His assets also include a collection of luxury cars (Fortuner, Innova Crycross, and XUV700) and gold jewelry valued at over ₹50 lakh. While he reported a considerable net worth, he also declared liabilities of approximately ₹74 crore.

His political career began in 2013 when he won the Mehrauli assembly seat, defeating a Congress veteran. He subsequently served two terms as a Member of Parliament (2014-2019) before his recent victory in the Delhi Assembly elections.

Verma’s wife, Swati Singh Verma, daughter of senior BJP leader Vikram Verma, also hails from a prominent political family. She filed her nomination as a dummy candidate for the New Delhi constituency and has a net worth of around ₹17 crore. Swati Verma is a businesswoman and social worker.

The swearing-in ceremony marks a significant shift in Delhi’s political landscape, with a new Chief Minister and a wealthy, politically connected figure taking a prominent role in her cabinet.

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