Nara Lokesh
Nara Lokesh
Andhra Pradesh

Andhra Min Nara Lokesh declares assets worth Rs 320 cr

Agency News

Andhra Pradesh Chief Minister N Chandrababu Naidu's son and cabinet minister Nara Lokesh owns assets worth over Rs 320 crore.

He declared his asset as part of filing nomination for the Mangalagiri Assembly constituency in Amaravati, the state’s capital region.

In the affidavit he said his movable assets were worth over Rs 253 crore and immovable assets were valued at Rs 66 crore. Nara Brahmani, his wife and 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.

Lokesh, who has done Master of Business Administration from Stanford University, owns three motor vehicles including a Ford Fiesta and two Toyota Fortuners. The Telugu Desam Party (TDP) leader owns five acres of agricultural land near Hyderabad worth over Rs 47 crore. He and his father, Chandrababu Naidu, jointly own a house in Jubilee Hills in Hyderabad which is valued at over Rs 19 crore.