Nara Bhuvaneswari, the wife of Telugu Desam Party (TDP) founder Chandrababu Naidu, saw her net worth soar by Rs. 579 crore in a mere five days. Here’s the scoop on the Kingmaker’s wife and her incredible financial leap.
Chandrababu Naidu’s Political Triumphs and Upcoming Role
Chandrababu Naidu, leader of the Telugu Desam Party (TDP), secured a significant victory in the 2024 General Elections, winning 16 Lok Sabha seats, pivotal for the NDA. This win sets the stage for Naidu’s fourth term as Chief Minister of Andhra Pradesh, following a decisive win over YSR Congress Party’s Y.S. Jagan Mohan Reddy in the concurrent Assembly election.
How Nara Bhuvaneswari Amassed Rs. 535 Crore in Five Days
Chandrababu Naidu has been a central figure in the news since the 2024 Lok Sabha Elections. Dubbed a ‘Kingmaker’ by analysts, he is expected to play a crucial role in Narendra Modi’s third term as Prime Minister. Amid this political fervor, Nara Bhuvaneswari made headlines due to a remarkable rise in her net worth linked to the stock market surge of Heritage Foods on May 31, 2024.
According to NDTV, Heritage Foods, a company promoted by Nara Bhuvaneswari, saw its stock price increase by 55% in just five days. On June 3, 2024, the stock was trading at Rs. 424, and post-election, it soared to Rs. 661.25. Bhuvaneswari, as the top shareholder, holds 2,26,11,525 shares, resulting in a Rs. 535 crore increase in her net worth. Additionally, her son Nara Lokesh’s 1,00,37,453 shares increased his net worth by Rs. 237.8 crore, boosting the family’s total worth by Rs. 858 crore according to the Economic Times.
Nara Bhuvaneswari is the daughter of legendary actor and former Andhra Pradesh Chief Minister N.T. Rama Rao. After marrying Bhuvaneswari, Chandrababu Naidu joined the Telugu Desam Party in 1983 and quickly became a key figure. Following N.T. Rama Rao’s era, Naidu’s leadership has been pivotal in the party’s success and his prominence in Indian politics.
A Love Story Rooted in Politics
Chandrababu Naidu met Nara Bhuvaneswari during his early political career, leading to their marriage in September 1981. They have one son, Nara Lokesh, who is married to Nara Brahmani, the Executive Director of Heritage Foods. The couple’s grandson, Nara Devansh, often spends time with his grandparents.
As Chandrababu Naidu prepares to elevate the TDP and collaborate with Prime Minister Narendra Modi, the spotlight remains on his political maneuvers and his family’s influential role in the business sector.
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