Indian Temple Wealth may exceed $100 Billion

July 8th, 2011
in econ_news

Kerala-temple EconintersectGEI News reported previously that the wealth being counted at the Sri Padmanabhaswamy temple in Kerala (Thiruvananthapuram).  The July 3 report indicated that the estimates were that $22 billion in diamonds, other precious stones and gold were in the underground stone vaults of the temple.  Estimates have now risen to $110 billion!  All these numbers are just rumors, however.  The official count being conducted by the RBI (Reserve Bank of India) has not been completed or status officially reported.

Follow up:

The accounting of the temple’s wealth was ordered by the Indian supreme court following a petition charging mismanagement of temple affairs.

Excerpts from an article in DNA India:

"The royal family has not touched a single paise from these offerings. Neither the government nor the politicians can interfere with these offerings in any manner"

“All precious stones, ornaments and other materials found in the chambers opened as per the directive of the Supreme Court are well documented. Each and every material has been accounted for and there is no confusion about the ownership. They all belong to Lord Padmanabha, the deity of the Travancore Royal Family,” Prof MGS Narayanan, eminent historian and former chairman of the Indian Council for Historical Research told DNA.

"Though the exact date on which the temple was consecrated is not known, there are official records dating back to 910 AD."

"What is unique about the Padmanabha Swamy Temple which has a distinct Dravidian architecture is the nearby Arya Samaj office where non-Hindus can get converted to Hinduism by paying a nominal amount of Rs 50 so that they too could worship in the temple. A modern strategy to circumvent the age-old rule that only Hindus could worship inside this temple!"

Offerings have been made to the temple by kings and traders from Portugal, the Netherlands, Great Britain and the Far East."

Sources:  DNA India and GEI News

Article by Sanjeev Kulkarni

Sanjeev Kulkarni is an entrepreneur based in Pune, India. He worked for large organizations in board level position before venturing on his own. He is currently involved as an investor in health care software company and as an investor, mentor in an automation company. Very widely traveled, he has experience of working in different geographical areas with people of varying nationalities. He did his BS from Indian Institute of Technology, Delhi.

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1 comment

  1. Vilas Gogate says :

    It is anazing that such huge wealth that is claimed to be the property of Gods will be left unused.It is a fact that this wealth is accumulated over the centuries through contributions from millions.
    It is believed that God always helps needy and poor, then can this wealth NOT be used for uplifting poor from their missery.
    May be this wealth could be utilized to organize activities that will create job opportunities along with development of skills to relieve poor from their problems.
    Doling out free meals is not a good option as that makes peaople lazy and encourage begging. Allready street beggers are a blot on our country.
    It is high time temple management learns to understand the needs of the hour. The real beauty of our Hindu Religion and culture is that it was never static and its ability to change with the time has helped it to flourish.



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