📍 Amaravati, India — P Chandra Sekhar, the Telugu Desam Party (TDP) candidate for the Guntur Lok Sabha seat, has grabbed headlines with his declaration of family assets totaling a staggering ₹5,785 crore in his election affidavit. This revelation has thrust him into the spotlight as one of the wealthiest contestants in the ongoing electoral race.
📝 According to the affidavit filed by Chandra Sekhar, his individual assets amount to ₹2,448.72 crore, while his wife, Sriratna Koneru, possesses assets worth ₹2,343.78 crore, and their children collectively hold assets nearing ₹1,000 crore. Notably, their family carries a liability of ₹1,138 crore to JP Morgan Chase Bank of the USA in the form of a Line of Credit.
🔍 A press release by the Association for Democratic Reforms (ADR) previously highlighted that Chandra Sekhar’s family fortunes surpass those of former Madhya Pradesh Chief Minister Kamal Nath’s son, Nakul Nath, who topped the list of richest contestants in Phase-I of the Lok Sabha polls with assets nearing ₹717 crore.
🌟 Chandra Sekhar’s journey from Burripalem village in Andhra Pradesh to serving as a physician-teacher at Johns Hopkins University – Sinai Hospital, and subsequently founding UWorld, an online learning and study resources platform, is nothing short of remarkable.
🎓 The Doctor-Entrepreneur-Politician completed his MBBS at NTR University of Health Sciences Vijayawada in 1999 and pursued MD (Internal Medicine) from Geisinger Medical Center in Danville, Pennsylvania in 2005. His academic excellence was evident when he secured the 27th rank among 60,000 students in the EAMCET medical entrance examination (MBBS) in the state, renowned as one of the most competitive exams in the country.
🌐 Driven by a passion for public service, Chandra Sekhar has been actively involved with the TDP’s NRI wing since 2010, supporting numerous welfare programs of the party.
🚗 His financial portfolio extends overseas, with joint filings with his wife declaring ₹605.57 crore in the US Tax Cycle Year January 2022 to December 2022. Additionally, he holds investments and shares in various US-based firms and owns luxury cars such as the Rolls Royce Ghost, Mercedes Benz, and Tesla in the USA.
🗳 Chandra Sekhar is set to face off against K Venkata Rosaiah of the YSR Congress Party in the upcoming elections.
Stay tuned for more updates as the electoral landscape unfolds in Andhra Pradesh.
