Andhra Pradesh Chief Minister N Chandrababu Naidu's grandson Nara Devaansh is richer than him with assets worth Rs 18.71 crore in his name against Rs 2.99 crore in the name of Naidu.
Naidu's son and state Information Technology Minister Nara Lokesh declared the family's assets at a press conference on Wednesday.
Lokesh's assets shot up to Rs 21.40 crore as compared to Rs 15.21 crore last year.
Value of Naidu's assets rose by just Rs 46 lakh compared to last year while his debt burden reduced from Rs 5.64 crore to Rs 5.31 crore on a housing loan.
The new house he built in Jubilee Hills, Hyderabad, has been valued at Rs 8.96 crore against Rs 7.75 crore last year.
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Naidu's wife Bhuvaneswari is the richest member of the family with net assets worth Rs 31.01 crore, which rose from Rs 25.41 crore last year.
Her "liabilities" too increased from Rs 20.90 crore to Rs 22.35 crore during the year.
Lokeshs wife Brahmani saw her assets decline by half to Rs 7.72 crore from Rs 15.01 crore last year. Her liabilities shot up from 36.14 lakh to Rs 5.66 crore.
Their son Devaansh, however, grew richer by over Rs 7 crore this year with his assets touching Rs 18.71 crore compared to Rs 11.54 crore last year, as per the figures
released by Lokesh.
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"This is the eighth consecutive year that we have declared our family's assets and liabilities," Lokesh, who is also the Telugu Desam Partys general secretary, said.
(With inputs from PTI)
