Revanth Reddy Net Worth: On December 7, 2023, Anumula Revanth Reddy will be sworn in as the chief minister of the state of Telangana. He is expected to lead the Congress to a resounding win in the 2023 election. Despite the fact that Reddy is a farmer by trade, his income and assets will surprise everyone.
An document sent to the Election Commission says that Revanth Reddy’s wealth has grown very quickly over the last four years. In addition to saying that his income had grown, his election affidavit also said that loans had dropped by a lot. Reddy has no money invested in any government schemes, the stock market, or mutual funds. His wife is the owner of a LIC policy.
Revanth Reddy Net Worth
The declaration from the next Telangana CM says that Revanth Reddy is worth Rs 30.04 crore, with Rs 5.17 crore worth of movable property and Rs 24,87,87,500 worth of immovable property.
The money is split between Reddy and his wife. The statement says that his wife owns immovable property worth Rs 15,02,67,225, while the Congress leader owns immovable property worth Rs 8,62,33,567. Moving goods owned by the next Telangana CM are worth Rs 2,18,93,343, and his wife owns moving goods worth Rs 2,92,68,008.
Revanth Reddy made an affidavit for the 2019 Lok Sabha election, saying that he was worth a total of Rs 24,53,57,182. This amount has since grown to Rs. 30,04,98,852.
The two election papers show that Reddy’s wealth has grown by Rs 5,51,41,670 and his debts have shrunk. The amount of money that Revanth Reddy owed went down from Rs 2.93,93,841 in 2019 to Rs 1.90,26,339 in 2023.
Also Read: Rajnikanth Net Worth: Cars Collection, Property Value, Movie Remuneration and Other Information
Revanth Reddy Assets and Investments
There is no money that Revanth Reddy has put into the stock market. His wife has put Rs 2,16,770 into a real estate business and bought a LIC policy for Rs 5 lakh. The wife of Reddy has 1235 grams of gold and 9700 grams of silver.
The land that Revanth Reddy and his wife own for farming is worth Rs. 7.77 crore. The HUF owns Rs. 1.25 crore of that amount. More than Rs 4.82 crore is worth of land that isn’t used for farming. The two homes that the Reddy couple own are worth a total of Rs 12.28 crore.
About CM Revanth Reddy
Revanth Reddy, a Congress MLA, was sworn in today as Chief Minister of Telangana. Bhatti Vikramarka Mallu was sworn in as his deputy. Reddy became the first Congress leader to lead the newest state, which was formed in 2014. At the huge Lal Bahadur Shastri Stadium in Hyderabad, Governor Tamilisai Soundararajan gave him the oath of office.
The Association for Democratic Reforms looked at Reddy’s election papers and found that he is worth more than 30 crore rupees. The new chief minister of Telangana has Rs 5,17,11,352 in assets that can be moved and Rs 24,87,87,500 in assets that can’t be moved. Reddy is being charged with 89 crimes, but he has not been found guilty in any of them. In these cases, there are 34 charges of criminal bullying (IPC Section 506), 3 charges of making statements that could cause public nuisance (IPC Section 505), and 2 charges of cheating and dishonestly obtaining property (IPC Section 420).
Also read: Arijit Singh Net Worth: Income Sources, Concerts Chargers, Brand Endorsements and Property
Conclusion
Anumula Revanth Reddy, a farmer by trade, is set to become the Chief Minister of Telangana on December 7, 2023. Despite being a farmer, Reddy’s net worth has grown significantly over the last four years, with his income and assets growing significantly. His wife owns immovable property and a LIC policy, while Reddy has no money invested in government schemes, the stock market, or mutual funds. Reddy’s assets include land for farming, two homes, and a LIC policy.