Eighteen-month-old Devansh has more assets than his grandfather, chief minister of Andhra Pradesh Nara Chandrababu Naidu. Total assets to the tune of Rs 11.57 crore. This was revealed by none other than Devansh’s father on Wednesday declared his family’s assets and claimed that Nara family is the only political family to announce its assets and liabilities for the sixth consecutive year.
AP CM Chandrababu Naidu’s net worth is Rs 6.7 crores. ‘He has assets worth Rs 3.73 crore, a bungalow worth Rs 3.68 crores in Jubilee Hills and a 1993 model Ambassador Car worth Rs 1.52 lakhs. He also has liabilities worth Rs 3.06 crores to Bank of Baroda. While an asset worth Rs 9.17 crore was transferred to Devansh by his grandmother Bhuvaneswari, maternal grandfather and film actor Balakrishna gifted a fixed deposit of Rs 2.4 crore to him.
Naidu’s wife Bhuvaneswari, who manages the listed company Heritage Foods Ltd, has assets worth nearly Rs 38.66 crore. Since she has liabilities to the tune of Rs 13 crore, her net worth stands at Rs 24.84 crore. Lokesh claimed to have total assets worth Rs 14.5 crores and liabilities worth Rs 6.35 crore to take his net worth to Rs 8.15 crore. His assets include a land in Madinaguda and a bungalow in Jubilee Hills. Lokesh’s wife Brahmani owns total assets worth Rs 12.75 crore and her net worth is Rs 12.33 crore.
Lokesh said that a decision with regard to selling the stake in Heritage Foods would be taken on October 28. Family’s investment arm Nirvana Holdings has assets worth Rs 27.81 crore and liabilities of Rs 26.44 crore. Interestingly , CM continues to keep his old Ambassador car worth Rs 1.52 lakh as his Heritage property , while his wife depends on a 2008 model Audi car worth Rs 91 lakh. The Ambassador registered in the name of Naidu is a 1993 model.