Naidu's three-year-old grandson Nara Devaansh is six times richer than his grandfather with assets worth Rs 18.71 crore in his name.(Photo: Nara Chandrababu Naidu/Facebook)

The family of Nara Chandrababu Naidu, Chief Minister of Andhra Pradesh and president of Telugu Desam Party (TDP), declared its assets to the public for the eighth consecutive year.

The assets were made public by Naidu's son and Andhra Pradesh I-T minister Nara Lokesh on Wednesday in Amravati.

As per the declaration, Andhra Pradesh Chief Minister N Chandrababu Naidu has assets worth Rs 2.99 crore while his three-year-old grandson Nara Devaansh is six times richer than his grandfather with assets worth Rs 18.71 crore in his name. Naidu's assets increased by Rs 46 lakh since last year while his liabilities reduced from Rs 5.64 crore to Rs 5.31 crore this year.

Lokesh's toddler Devaansh, who is the youngest in the family is richer than both his father and grandfather. As per the declaration, Naidu's grandson has a house worth Rs 16.17 crore in posh Jubilee Hills in Hyderabad and fixed deposit worth Rs 2.49 crore.

Naidu’s wife and Heritage Foods head Bhuvaneshwari is the richest in the family with net assets worth Rs 31.01 crore, witnessing an increase of Rs 5.6 crore in comparison to last year (Rs 25.41 crore).

Lokesh, who is also the general secretary of TDP, declared an increase in assets from Rs 15.21 crore in 2017 to Rs 21.40 crore this year. The assets of his wife Brahmani declined by half to Rs 7.72 crore this year from Rs 15.01 crore which the family had declared last year.

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