A.P. CM’s son releases details of family’s assets
Andhra Pradesh Chief Minister N. Chandrababu Naidu has net assets worth ₹2.99 crore while his three-
year-old grandson Nara Devaansh is richer with assets worth Rs 18.71 crore in his name, The Hindu reports.
According to the Paper, Mr. Naidu’s son and Information Technology Minister Nara Lokesh declared the family’s assets at a press conference on Wednesday.
Mr. Lokesh’s assets shot up to ₹21.40 crore from ₹15.21 crore last year.
The value of Mr. Naidu’s assets rose by just ₹46 lakh compared to last year while his debt burden
reduced from ₹5.64 crore to ₹5.31 crore on a housing loan.
The new house he built in Jubilee Hills, Hyderabad, has been valued at ₹8.96 crore against ₹7.75 crore
Mr. Naidu’s wife Bhuvaneswari is the richest member of the family with net assets worth ₹31.01 crore,
which rose from ₹25.41 crore last year.
Her “liabilities” too increased from ₹20.90 crore to ₹22.35 crore during the year.
Mr. Lokesh’s wife Brahmani saw her assets decline by half to ₹7.72 crore from ₹15.01 crore last year.
Her liabilities shot up from ₹36.14 lakh to ₹5.66 crore.
Their son Devaansh, however, grew richer by over ₹7 crore this year with his assets touching ₹18.71
crore compared to ₹11.54 crore last year, as per the figures released by Mr. Lokesh.