Devansh is richer than CM Naidu

Nara Devansh is richer than his grandfather Chandrababu Naidu

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.

 

Subhash Vuyyuru
About Subhash Vuyyuru 209 Articles
Subhash Vuyyuru entered into journalism at the young age of 21 as a staff reporter in one of the leading news daily in Andhrapradesh. He has been working in various capacities such as state bureau reporter and sub editor since then. Subhash always says that he will show the same level of interest and passion towards his profession till the end of his career. He also says that his love towards journalism is no less than his love towards his parents and family. He has crystal clear understanding towards contemporary state and national level politics which is very evident through his fearless and sensational articles. He thinks that journalism clubbed with honesty and integrity can really influence the society and helps to bring positive changes in the society.

Be the first to comment

Leave a Reply

Your email address will not be published.


*