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 ₹18.71 crore in his name.

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 last year.

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.