People are of the opinion that entire family of AP CM Chandra Babu Naidu cannot defeat Jagan Mohan Reddy and his family members. It is known that AP gave richest politicians in the country and AP is one of them.
It is comingout that now even if the assets of family members of CM Chandra Babu Naidu are added, it would match up to the assets of Jagan Mohan Reddy singly. Lokesh son of CBN is all set to become richest politician in the country.
In the affidavit submitted for the MLC elections to the Election Commission these are the details mentioned. His total value of assets as `329.52 crore, including `273.84 crore in movable assets and `56.52 crore in immovable assets. The asset value submitted by Lokesh to the EC in October 2016 was far less at a mere `14.50 crore, including `2.52 crore in the form of shares in Heritage and a car valued at `93 lakh.
His wife Brahmani owns movable assets worth `17.90 crore and immovable assets of `4.15 crore, totalling Rs 22.05 crore, their little son Devaansh has movable assets of `2.70 crore and immovable assets of `9.6 crore, totalling Rs 12.20 crore. The Lokesh family thus possess assets worth `363.77 crore, routing 90 per cent of their investments into shares and debentures.
Chandra Babu has 10.14 crore and Mother Bhuvaneswari hold 32.4 crs. EAS Sarma, social activist says “I do not want to speak about individuals. But the growing presence of billionaires in Parliament and assemblies is certainly increasing gap between people and leaders. It is not good for democracy ,“
Despite all this Jagan Mohan Reddy,YSRCP president is still the richest as he owns assets worth Rs 446crs. Jagan's wife Bharati owns assets worth `57.73 crore, their children Harshini and Varsha own assets worth `5.69 lakh and `2.19 lakh respectively .
