Andhra Pradesh Chief Minister N Chandrababu Naidu's son and cabinet minister for Information Technology department, Nara Lokesh own assets worth over Rs 320 crore. This was announced by him on Friday in an affidavit he submitted, along with his nomination for the Mangalagiri Assembly constituency in Amaravati. His movable assets were worth over Rs 253 crore and his immovable assets were valued at Rs 66 crore. His wife Nara Brahmani, a businesswoman, has assets worth Rs 33 crore including movable assets of over Rs 14 crore. Their four-year-old son Devansh owns assets worth over Rs 19 crore. In 2017, then two-year-old Devansh was richer than Naidu himself.
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The 36-year-old, who is making his electoral debut, mentioned in the affidavit that he holds shares worth Rs 242 crore in Heritage Food Limited, a family-owned firm. Brahmani, who is executive director of the company, also holds shares worth over Rs 10 crore. Most of their immovable assets are in the form of shares in the family-owned Heritage Foods Limited. Lokesh has 47,32,800 shares in HFL and with the value of each share in the listed firm-HFL is around Rs 511.90, the total value of shares owned by Lokesh ìs Rs 242,27,20,320. 36-year-old Lokesh, who is making his electoral debut, also owns two cars - Ford Fiesta and Toyota Fortuner worth Rs 50 lakh. The current market value of the bungalow jointly owned by Chandrababu Naidu and Lokesh in Jubilee Hills of Hyderabad has been put at Rs 19.55 crore.
