Amaravati:Andhra Pradesh Chief Minister N. Chandrababu Naidu's son and cabinet minister Nara Lokesh owns assets worth over ₹320 crore.
Lokesh declared this on Friday in an affidavit submitted along with his nomination for Mangalagiri Assembly constituency in state capital region Amaravati.
His movable assets were worth over ₹253 crore and immovable assets were valued at ₹66 crore.
His wife Nara Brahmani, a businesswoman, has assets worth ₹33 crore including movable assets of over ₹14 crore. Their four-year-old son Devaansh owns assets worth over ₹19 crore.
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Chandrababu Naidu and all his family members voluntarily declare their assets every year. Last year, Lokesh's total worth was ₹27 crore.
The 36-year-old, who is making his electoral debut, mentioned in the affidavit that he holds shares worth ₹242 crore in Heritage Food Limited, a family-owned firm. Brahmani, who is executive director of the company, also holds shares worth over ₹10 crore.
Lokesh, who has done Master of Business Administration from Stanford University, owns three motor vehicles including a Ford Fiesta and two Toyota Fortuner.
The Telugu Desam Party (TDP) leader owns five acres agricultural land near Hyderabad worth over ₹47 crore. He along with his father jointly owns a house in Jubilee Hills, Hyderabad valued at over ₹19 crore.
Lokesh has liabilities of ₹5.72 crore while his wife's liabilities stood at ₹3.41 crore.
