Chandrababu Naidu included among the top-5 richest MLAs of the country, now arrested in skill development scam, know how much is his wealth - Newztezz Online

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Saturday, September 9, 2023

Chandrababu Naidu included among the top-5 richest MLAs of the country, now arrested in skill development scam, know how much is his wealth

Former Chief Minister of Andhra Pradesh Chandrababu Naidu has been arrested on Saturday morning. He is accused of being involved in a skill development scam worth Rs 550 crore. But do you know that he is one of the 5 richest MLAs in the country. After all, how much is his wealth?

Former Chief Minister of Andhra Pradesh Chandrababu Naidu, facing allegations of involvement in skill development, has been arrested. But do you know that Telugu Desam Party President Chandrababu Naidu is still included among the top-5 richest MLAs of the country. He is the owner of property worth crores of rupees. Let us know what assets he has…

N. Chandrababu Naidu is the MLA from Kuppam seat of Chittoor, Andhra Pradesh. According to the affidavit given in the 2019 Andhra Pradesh Assembly elections, his total assets are more than Rs 600 crore. There are only 3 MLAs in the entire country who have more assets than Chandrababu Naidu. These three MLAs also belong to southern states.

Chandrababu Naidu's real property

According to the election affidavit, Chandrababu Naidu has total assets worth Rs 668.57 crore. Whereas his liability is only Rs 15 crore. Of this, he has about Rs 545 crore because of his stake in Heritage Foods Limited Company. He holds 1,06,61,652 shares of the company. At the time of election affidavit in the year 2019, the value of its shares was Rs 511.90.

However, at present the value of the company's shares has come down to Rs 272. In this way, the value of shares of this company in Chandrababu Naidu's property has reduced to only Rs 289 crore. Apart from this, he has 100 shares of Vijaya Bank, which has now been merged with Bank of Baroda. At that time, about Rs 45 lakh were deposited in cash in his bank account. Whereas Rs 16 lakh were deposited in his wife's account.

Good investment in gold and property

Chandrababu Naidu has made good investments in gold and property. He and his wife have a total of gold, silver, jewelery and gems etc. worth Rs 2 crore. Apart from this, his assets include agricultural land worth Rs 45 crore, commercial buildings worth Rs 29 crore and residential buildings worth Rs 19 crore. In this way he has total properties worth Rs 94 crore.

Richer MLA than Chandrababu

The country's richest MLA is Karnataka's Deputy Chief Minister D.K. Shivakumar. His total wealth is Rs 1413 crore. After this, H. Puttuswamy Gowda of Karnataka is at second place with assets of Rs 1267 crore and Priyakrishna of Karnataka is the third richest MLA with assets of Rs 1156 crore. The fifth richest MLA in the country is Jayantibhai Sombhai Patel of Gujarat. His total wealth is Rs 661 crore.

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