House, Ambassador car, cash: Andhra CM Chandrababu Naidu worth just Rs 67 lakh | india-news | Hindustan Times
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House, Ambassador car, cash: Andhra CM Chandrababu Naidu worth just Rs 67 lakh

The net worth of Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu’s assets is Rs 67 lakh, according to a declaration by his son Lokesh Naidu on Thursday.

india Updated: Oct 19, 2016 19:26 IST
Srinivasa Rao Apparasu
The net worth of Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu’s assets is Rs 67 lakh.
The net worth of Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu’s assets is Rs 67 lakh.(HT File Photo)

The net worth of Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu’s assets is Rs 67 lakh, according to a declaration made by his son on Thursday.

Chandrababu has various properties worth Rs 3.73 crore, but also bank loans of Rs 3.06 crore — taking his net worth down to just Rs 67 lakh. This was against Rs 42.4 lakh he declared in 2015 and Rs 70.69 lakh in 2014, when he took over as the chief minister of Andhra Pradesh.

On the other hand, Chandrababu’s wife, Bhuvaneshwari, who is the managing director of the family enterprise Heritage Foods, owns assets worth Rs 33.66 crore. Son Lokesh Naidu, presently general secretary of the TDP, too is wealthier than the CM, with properties worth Rs 14.50 crore and daughter-in-law Nara Brahmani owns assets worth Rs 5.38 crore.

The Thursday declaration was the first time the Naidu family disclosed the value of assets registered in the name of Devansh Naidu, Lokesh’s 18-month old son. They are worth a whopping Rs 11.70 crore.

“We have been declaring the assets of our family voluntarily for the last six years to show that it lived by the virtues of trust and transparency,” Lokesh said. “No other family of any politician in the country has declared its assets in such a transparent manner. We hope that all the politicians follow our path and declare their assets.”

He said Heritage Foods, which was established by his father in Chittoor district 24 years ago, had been providing employment to over 10,000 people. “It has bagged several awards for corporate excellence. We have grown to this stage by grace of god,” Lokesh added.

Bhuvaneswari’s assets declined this year to Rs 25.66 crore from last year’s Rs 33.07 crore. Lokesh’s net worth grew to Rs 8.15 crore from Rs. 7.67 crore last year, while his wife also grew wealthier from Rs 4.77 crore to Rs 5.38 crore this year.

Break-up of assets owned by the Naidu family
Chandrababu NaiduBhuvaneshwariLokesh NaiduBrahmaniDevansh Naidu
Residence in Hyderabad
Rs 3.68 crore
Plot at Punjagutta in Hyderabad
Rs 73 lakh
Value of shares in Heritage
Rs 2.52 crore
Land at Madhapur
Rs 17 lakh
Residence at Jubilee Hills
Rs 9.17 crore
Ambassador car
Rs 1.52 lakh
Land in Tamil Nadu
Rs 1.86 crore
Value of shares in other companies
Rs 1.64 crore
Residence at Jubilee Hills
Rs 3.50 crore
Fixed deposits in banks
Rs 2.4 crore
Cash balance
Rs 3.59 lakh
Land at Madinaguda in Hyderabad
Rs 73 lakh
Value of car
Rs 93 lakh
Commercial space in Chennai
Rs 48 lakh
Cash balance
Rs 2.31 lakh
Value of shares in Heritage Foods
Rs 19.95 crore
Plot at Manikonda in Hyderabad
Rs 1.23 crore
Shares in other companies
Rs 3.23 crore
Gold ornaments
Rs 1.27 crore
Car value
Rs 91 lakh
Total value of assets
Rs 3.73 crore
Total value of assets
Rs 38.66 crore
Total value of assets
Rs 14.50 crore
Total value of assets
Rs 5.38 crore
Total value of assets
Rs 11.70 crore
Total loans
Rs 3.06 crore
Total loans
Rs 13 crore
Total loans
Rs 6.35 crore