Chandrababu Naidu's assets pale in comparison to those of his three-and-a-half-year-old grandson Nara Devansh, at about one-sixth, the latest disclosure filed by the Andhra Pradesh Chief Minister has revealed.
Believe it or not, somebody just 'took over' the assets of Andhra Pradesh Chief Minister N Chandrababu Naidu. Before you press the panic button, you might be amused to note that Naidu's three-and-a-half-year-old grandson Nara Devansh is richer than Naidu by a whopping six times!
This fact was revealed by none other than the AP CM's son and State IT Minister Nara Lokesh. According to Lokesh, Naidu's assets are currently worth close to Rs 3 crore (after deducting all liabilities), compared to RS 2.53 crore last year. However, his grandson Devansh's assets are now worth RS 18.71 crore, as against the RS 11.54 crore last year. Devansh doesn't have any liabilities.
It has been a tradition for Chandrababu Naidu to voluntarily disclose his and family's asset's for the last eight years. This year, Lokesh declared the value of the assets in Amaravati.
Getting into the details of the disclosure, the AP CM's house in Hyderabad is worth Rs 8.96 crore. He has an ancestral residential property in his native Naravaripalle village which is worth Rs 23.84 lakh. Naidu's Ambassador car is valued at Rs 1.52 lakh. He also has Rs 4.83 lakh in his savings bank account. Naidu’s liabilities are valued at Rs 5.31 crore. After deducting the liabilities, the amount runs up to Rs 2.99 crore.
Devansh meanwhile owns 1,325 square yards of plot in the posh Jubilee Hills area of Hyderabad which is valued at Rs 16.17 crore. He has 2.49 crore fixed deposits in PNB Housing Finance and his silver cradle is worth Rs 2.87 lakh. Devansh also has Rs 2.47 lakh in his savings bank account. He however has no liabilities.
Going by the previous self-disclosures, it has become evident that Devansh is richer than his grandfather by birth. In fact the latest total assets of Naidu's family stand at Rs 81.83 crore as against Rs 69.28 crore last year.
Naidu's wife Bhuvaneswari's assets have been valued at Rs 31.01 crore. His son Nara Lokesh's assets which were worth Rs 15.21 crore last year, now stand at Rs 21.40 crore. Value of assets of his wife Brahmini is worth Rs 7.72 crore. Interestingly, the same assets were valued at Rs 15.01 crore last year.