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While touring Andhra Pradesh, TDP chief Chandrababu Naidu claimed there was no development under the leadership of YS Jagan Mohan Reddy. However, Naidu's personal assets tell a different story. According to reports, the former Chief Minister's assets experienced a staggering increase of Rs 810 crore over the past five years.
In 2019, Chandrababu Naidu declared assets worth Rs 545.76 crore. By 2024, his assets had risen to a remarkable Rs 810 crore, making him potentially the richest Member of the Legislative Assembly (MLA) candidate in India. This massive jump in wealth contradicts Nara Lokesh's earlier claims of leading a simple life by selling milk and vegetables.
His wife, Bhuvaneswari, holds a significant portion of Naidu's assets. She owns 2.26 crore shares in Heritage Foods Ltd, valued at Rs 337.85 apiece at market value. These shares total nearly Rs 764 crore, accounting for a substantial portion of the couple's overall wealth.
Naidu's personal wealth exponentially grew during the same period he criticized the current government's development efforts. The huge difference between his statements and financial records raises questions about how he accumulated such massive assets legitimately.
While #VisionaryBob Garu has been touring Andhra claiming no development under YS Jagan, his assets tell a different story—a staggering jump of 810 Cr.
— YSR Congress Party (@YSRCParty) April 20, 2024
And it's not just Andhra—#VisionaryBob Garu too saw a significant rise in wealth here, poised to become the richest MLA… pic.twitter.com/DriG6XlFMi
Rather than a lack of development as claimed by Naidu, his own financial records paint a picture of immense personal progress and wealth accumulation in Andhra Pradesh over the past five years under the YSRCP administration.