Naidu family declares assets: 3 year old toddler six times richer than Chandrababu, owns a house

Andhra Chief Minister Chandrababu Naidu’s family on Wednesday declared its assets for the sixth consecutive day. However, some numbers and statistics produced by the family has surprised many. As per the family’s declaration, Chandrababu Naidu’s 3 old grandson, Devaansh Naidu is already six times richer than his grandfather and even richer than his father.

The assets declaration was made public by Chandrababu’s son, Lokesh Naidu. As per the declaration, Andhra Pradesh Chief Minister Chandrababu Naidu has assets worth Rs 2.99 crore while his three-year-old grandson Nara Devaansh is six times richer than his grandfather with assets worth Rs 18.71 crore in his name.

Naidu’s assets increased by Rs 46 lakh since last year while his liabilities reduced from Rs 5.64 crore to Rs 5.31 crore this year.

Lokesh Naidu, the son of Chandrababu Naidu, who is also the general secretary of TDP, declared an increase in assets from Rs 15.21 crore in 2017 to Rs 21.40 crore this year. The assets of his wife Brahmani declined by half to Rs 7.72 crore this year from Rs 15.01 crore which the family had declared last year.

Lokesh’s toddler Devaansh, who is the youngest in the family has a house worth Rs 16.17 crore in posh Jubilee Hills in Hyderabad and fixed deposit worth Rs 2.49 crore.

Naidu’s wife and Heritage Foods head Bhuvaneshwari is the richest in the family with net assets worth Rs 31.01 crore, witnessing an increase of Rs 5.6 crore in comparison to last year (Rs 25.41 crore).