Chandrababu Naidu’s Wife’s Net Worth Soars Rs 579 Crore in Five Days

Chandrababu Naidu’s Wife’s Net Worth Soars Rs 579 Crore in Five Days

Source: DNA India

Keywords: Chandrababu Naidu, Nara Bhuvneshwari, Net Worth, Increase

Nara Bhuvneshwari, the wife of former Andhra Pradesh Chief Minister Chandrababu Naidu, has witnessed a substantial increase in her net worth of Rs 579 crore in just five days. According to reports, this surge was primarily driven by the appreciation in the value of her shareholdings in Heritage Foods Ltd.

Bhuvneshwari holds a significant stake in Heritage Foods, a prominent dairy and food processing company in India. On September 14, the company’s share price closed at Rs 1,482.80. However, by September 19, the share price had surged to Rs 1,852.45, resulting in a substantial increase in the value of her holdings.

Based on the latest market valuations, Bhuvneshwari’s net worth is estimated to be over Rs 1,200 crore, making her one of the wealthiest women in Andhra Pradesh. Her husband, Chandrababu Naidu, is also a wealthy politician with a net worth exceeding Rs 500 crore.

The surge in Bhuvneshwari’s net worth has sparked speculation and raised questions about potential conflicts of interest. Some critics have alleged that the former Chief Minister may have used his position to benefit his family financially. However, Naidu has denied any wrongdoing and has stated that his wife’s wealth is primarily derived from her own business ventures.

The increase in Nara Bhuvneshwari’s net worth is a reminder of the growing wealth disparities in India, where a select few individuals continue to accumulate significant wealth while the majority of the population struggles to make ends meet. The case also highlights the need for transparency and accountability in governance to prevent potential abuse of power.