Revanth Reddy Net Worth: A Look At the Assets Of Telangana CM-Elect

Anumula Revanth Reddy, acclaimed for leading the Congress to a resounding victory in the 2023 Telangana elections, is all set to be take oath as the state's chief minister on December 7, 2023. Despite his background as a farmer, Reddy's disclosed assets and wealth might come as a significant surprise.

As per the affidavit presented to the Election Commission, Revanth Reddy's wealth has seen a rapid surge over the past four years. Alongside the spike in wealth, there's been a considerable reduction in loans according to his election affidavit. Notably, Reddy doesn't have investments in government schemes, the stock market, or mutual funds, although his wife holds a LIC policy.

Wealth comparison from 2019 to 2024

Revanth Reddy's total wealth, as indicated in the affidavit of the upcoming Telangana CM, stands at Rs 30.04 crore, with movable property valued at Rs 5.17 crore and immovable property at Rs 24,87,87,500.

Both Reddy and his wife share this wealth. His wife's immovable property is recorded at Rs 15,02,67,225, while the Congress leader holds immovable property worth Rs 8,62,33,567. The movable assets of the future Telangana CM amount to Rs 2,18,93,343, while his wife's movable assets are valued at Rs 2,92,68,008.

According to Revanth Reddy's 2019 Lok Sabha election affidavit, his total wealth then was Rs 24,53,57,182, which has now grown to Rs 30,04,98,852.

Comparing the two election affidavits, Reddy's wealth has escalated by Rs 5,51,41,670, and his debts have diminished. In 2019, his liabilities were Rs 2,93,93,841, which decreased to Rs 1,90,26,339 by 2023.

Investments and assets

Revanth Reddy hasn't invested in stocks or government schemes. While his wife has put Rs 2,16,770 into a real estate company, she also holds a Rs 5 lakh LIC policy. Additionally, Reddy's wife owns 1235 grams of gold and 9700 grams of silver.

The Reddys possess agricultural land valued at Rs 7.77 crore, with HUF holding land worth Rs 1.25 crore. Their non-agricultural land exceeds Rs 4.82 crore in value. Furthermore, they own two houses, each valued at Rs 12.28 crore.