Wealthiest Lok Sabha Contestant with Rs 5,785 Crore Assets Sets New Record

A recent affidavit reveals the significant wealth held by Chandra Sekhar and his family. According to the filing, Chandra Sekhar’s individual assets total Rs 2,448.72 crore, while his wife Sriratna Koneru possesses assets worth Rs 2,343.78 crore and their children hold nearly Rs 1,000 crore in assets. Notably, former Madhya Pradesh Chief Minister Kamal Nath’s son Nakul Nath topped the list of the richest contestants in Phase-I of the Lok Sabha polls with assets totaling nearly Rs 717 crore, as reported by the Association for Democratic Reforms (ADR). Chandra Sekhar’s family also carries a substantial liability of Rs 1,138 crore to JP Morgan Chase Bank of USA in the form of a Line of Credit.

His journey has been remarkable, beginning in Burripalem village in Andhra Pradesh, then working as a physician teacher at Johns Hopkins University – Sinai Hospital before founding UWorld, an online learning and study resources platform. Chandra Sekhar’s academic and professional achievements are noteworthy, having 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 interest in public service led him to work on behalf of the TDP’s NRI wing from 2010, supporting various welfare programs of the party. While he desired to contest the Lok Sabha polls from Narasaraopet segment in 2014, 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 for the US Tax Cycle Year January 2022 to December 2022, stating investments and shares in several US-based firms. Additionally, he owns luxury cars such as Rolls Royce Ghost, Mercedes Benz, and Tesla in the USA. Chandra Sekhar is set to contest against YSR Congress Party’s K Venkata Rosaiah in the upcoming elections. *(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.

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