Home News Reports Andhra Pradesh CM Chandrababu Naidu's 3-year-old grandson has assets worth more than 18 crores, is six times richer than Naidu

Andhra Pradesh CM Chandrababu Naidu’s 3-year-old grandson has assets worth more than 18 crores, is six times richer than Naidu

Naidu's wife Bhuvaneshwari, the chief of Heritage Foods Ltd, is the richest in the family.

The Chief Minister of Andhra Pradesh N Chandrababu Naidu has yet again found his name amidst controversy after he declared his assets to the public for the eighth consecutive year. Reportedly, N Chandrababu Naidu has net assets worth Rs 2.99 crore while his three-year-old grandson Nara Devaansh is six-times richer with assets worth Rs 18.71 crore in his name.

The Naidu family which has been voluntarily disclosing its assets and liabilities every year for the last eight years has disclosed the current year’s asset details in which the assets attached to the three-year-old grandson of Chandrababu Naidu, Nara Devaansh saw a huge increase from Rs.11.54 crore in the last year to whopping Rs 18.71 crore.

State Information Technology Minister and Naidu’s son Nara Lokesh at a press conference on Wednesday declared the family’s assets stating that the total assets of the N Chandrababu Naidu and his family have grown by more than Rs 12.5 crore in a year.

- Ad - - article resumes -

The Telugu Desam Party (TDP) chief’s net assets have increased from Rs 2.53 crore to Rs 2.99 crore in a span of one year, while assets attached to his son Nara Lokesh saw a huge increase to Rs 21.40 crore from Rs 15.21 crore in 2017.

Interestingly, Nara Lokesh’s son, three-year-old Devansh grew richer by 7 crores in a span of one year. Devaansh being the youngest in the family is richer than both his father and grandfather. As per the declaration, Naidu’s grandson owns a house in Hyderabad’s posh Jubilee Hills worth Rs 16.17 crore and has fixed deposits worth Rs 2.49 crore.

Chandrababu Naidu’s wife Bhuvaneswari has declared an asset value of Rs 31.01 crore, highest in the family, which increased from Rs 25.41 crore last year. She is the head of Heritage Foods Ltd. Meanwhile, Nara Lokesh’s wife Brahmani’s assets have taken a beating as it has reduced by half to Rs 7.72 crore from Rs 15.01 crore last year. Her liabilities increased from 36.14 lakh to Rs 5.66 crore.

Chandrababu Naidu, who was part of the ruling NDA coalition since 2014, has recently come out of that alliance and switched sides to join hands with Congress in the upcoming elections. Ever since TDP came out of the coalition, it has been very critical of the union government and had also moved an unsuccessful no-confidence motion against the NDA government in the Parliament.

Recently, the Andhra Pradesh government had ‘banned‘ the Central Bureau of Investigation (CBI) from investigating any cases relating to the state. There are speculations that the CBI’s interim director M Nageshwar Rao, who is from Andhra Pradesh, might have initiated an investigation into the affairs of state government, which pre-empted Naidu to ban the CBI.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

While slamming Rahul Gandhi and praising the Narendra Modi government for abrogating Article 370, Iqbal Ansari said the government has established the rule of a law in the country by removing Article 370.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

To Advertise on Opindia.com Click here

Parody country Pakistan’s ex-minister Rehman Malik exposes his low IQ, falls for a parody account who fools him like a pro

Ever since India abolished Article 370 from its constitution, Pakistani politicians including Pakistan PM Imran Khan are having a hard time digesting the fact that India has decidedly altered the status quo in Jammu and Kashmir.

Pakistan takes a cue from Congress yet again, asks ‘what happened to Rafale investigation’

In case Chaudhry missed out, the first Rafale jet is expected to be delivered next month.

Congress mouthpiece’s obituary on Arun Jaitley is the worst in recent memory and an absolute disgrace

The entire National Herald obituary is made up of thoughtless remarks.
Pakistani Army's official spokesperson now begs attention from Shah Rukh Khan

Frustrated Pakistani Army now wants Shah Rukh Khan to pay attention to them

Major General Asif Ghafoor, the official spokesperson of the Pakistani armed forces, who thinks it is his patriotic and religious duty to be a Twitter troll, has now directed his ranting towards Shah Rukh Khan and his upcoming Netflix series.

Ravish Kumar blames ‘Modi the dictator’ for people not wanting to watch his mediocre shows anymore

The curious case of journalism by Ravish Kumar is that he often resorts to shooting the allegations in the dark without backing with any hard evidence,

India Today journalist plays victim after being accosted by security personnel for video recording at Defence airport in Srinagar

Journalist Mausami Singh from India Today went berserk when a security personnel informed her shooting videos on Srinagar airport is prohibited

Here is how these 7 opinion pieces in 4 days reveal newspaper The Hindu’s legendary level of meltdown and arrogance

Let’s take a look at the opinion pieces published by The Hindu in their print edition, in this week

Abusive ‘journalist’ Swati Chaturvedi spreads fake news, tweets photoshopped image of PM Modi wearing Arabic attire

Swati Chaturvedi, abusive troll masquerading as a journalist, has yet again been caught red-handed after propagating fake news.

Pakistan uses India Today journalist who created a drama at Srinagar airport to show India in bad light

The theatric by India Today journalist Mausami Singh at Srinagar airport is being used by a desperate Pakistan to further their own narrative about Kashmir.

Babri Masjid litigant Iqbal Ansari slams Rahul Gandhi: Modi govt right in abrogating Article 370, visit PoK and ‘resolve issues’ instead

While slamming Rahul Gandhi and praising the Narendra Modi government for abrogating Article 370, Iqbal Ansari said the government has established the rule of a law in the country by removing Article 370.
Subscribe to Day's Top Stories
[newsletter_form type="minimal"]
- Advertisment -

Latest articles

Connect with us

181,430FansLike
173,387FollowersFollow
91,480SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post