Minister for Information Technology, Panchayat Raj and Rural Development, Nara Lokesh, declared the family assets on Wednesday putting the family assets increased at Rs 13.60 crore from the past one year. The family’s net assets stood at Rs 88.68 crore.
A three-and-a-half year old Nara Devansh, grandson of Andhra Pradesh Chief Minister Chandrababu Naidu, is richer than his grandfather by close to Rs 16 crore. While Chandrababu Naidu’s net assets stood at Rs 2.99 crore, this little child owns net assets worth Rs 18.71 crore.
Chandrababu Naidu’s total assets stood at Rs 8.31 crore while his debt value stood at Rs 5.31 crore leaving him the poorest of the family with just 2.99 crore. His wife Bhuvaneswari, who handles the family’s Heritage Foods, owns Rs 53.37 crore of which Rs 22.35 crore is debt leaving Rs 31.01 crore net assets. Naidu’s son, Lokesh owns Rs 27.29 crore and after deducting the debt of Rs 5.88 crore, this young Minister owns the net assets of Rs 21.40 crore. Lokesh wife, Brahmanai owns Rs 13.38 crore and after dedeucting her debt of Rs 5.66 crore, she has the net assets of Rs 7.72 crore.
The youngest in the family, Devansh has only income which stands at Rs 18.71 crore. In the last one year, this child had earned almost close to Rs 5 crore to his assets, Devansh father had an increase of a little over RS 1 crore during this year, while Chandrababu Naidu had close to Rs 15 lakh increase from the previous year. Devansh mother saw a fall of Rs 2 crore in this year, while Bhuvaneswari had seen a steep rise of Rs 7 crore in the financial year.
The family’s business is doing well to keep the family with a comfortable income, as claimed by Lokesh.