In just five years, Chandrababu Naidu and his wife's assets increase by 41% to reach Rs 810 crore

Affidavit filed with the Election Commission on Friday states that the assets of former chief minister N Chandrababu Naidu and his family increased by more than 41% in the last five years, reaching a total of Rs 810.42 crore.

Naidu's wife N Bhuvaneswari filed her husband's nomination for the Andhra Pradesh Assembly election on Friday in Kuppam. The poll is scheduled for May 13.

The majority of the assets are owned by Bhuvaneswari, who is the owner of 2.26 crore shares of Heritage Foods Ltd., with a market value of Rs 337.85 a share. Compared to Rs 545.76 crore in 2019, the entire value of the shareholding is currently close to Rs 764 crore.


According to the affidavit the TDP head submitted for the most recent assembly elections, Naidu's family held immovable and moveable properties valued at Rs 574.3 crore in 2019.

In addition, Bhuvaneswari owns around 41.5 kilograms of silver and 3.4 kg of gold. The TDP chief personally has assets valued at Rs 4.80 lakh in movable assets and Rs 36.31 lakh in immovable assets; the family's overall liabilities exceed Rs 10 crore.

Additionally, the ex-chief minister owns a single Ambassador automobile, which is worth Rs 2.25 lakh. According to the affidavit, Naidu's name appears in as many as 24 FIRs pertaining to different cases.

[With PTI inputs]