Amaravati (Andhra Pradesh): TDP’s candidate for Guntur Lok Sabha seat, Pemmasani Chandra Sekhar, has captured headlines after he declared his family assets—both movable and immovable—at Rs 5,785 crore in his election affidavit, potentially making him one of the wealthiest contestants in the current electoral race.
According to an affidavit filed by him, his individual assets stood at Rs 2,448.72 crore, while his wife Sriratna Koneru has Rs 2,343.78 crore worth of assets and his children have nearly Rs 1,000 crore.
A press release by the Association for Democratic Reforms (ADR) had earlier said that former Madhya Pradesh Chief Minister Kamal Nath’s son Nakul Nath topped the richest contestant list in Phase-I of the Lok Sabha polls held on April 19, with nearly Rs 717 crore worth of assets.
Chandra Sekhar’s family has a liability of Rs 1,138 crore to JP Morgan Chase Bank of the USA in the form of a Line of Credit.
From Burripalem village in Andhra Pradesh to working as physician teacher at Johns Hopkins University-Sinai Hospital to founding UWorld (an online learning and study resources platform), Chandra Sekhar’s journey was truly fascinating.
The doctor-entrepreneur-politician completed his MBBS at NTR University of Health Sciences Vijayawada in 1999 and pursued an MD (Internal Medicine) from Geisinger Medical Center in Danville, Pennsylvania, in 2005.
He secured the 27th rank among 60,000 students who took the EAMCET medical entrance examination (MBBS) in the state, which was considered the most competitive examination in the country.
Chandra Sekhar, with an interest in public service, has been working on behalf of the TDP’s NRI wing since 2010 to support several welfare programmes of the party.
Though he desired to contest the Lok Sabha polls from the Narasaraopet segment in 2014, the TDP allotted the ticket to R Sambasiva Rao due to political issues.
In a joint filing with his wife, he declared Rs 605.57 crore as per US Tax Cycle Year January 2022 to December 2022 in that country.
He has investments and shares in several US-based firms.
He also possesses luxury cars such as the Rolls-Royce Ghost, Mercedes Benz and Tesla in the USA.
Chandra Sekhar will take on YSR Congress Party’s K Venkata Rosaiah in the elections.
