Balakrishna Declares Family Assets Worth Rs 483 Crore

Nandamuri Balakrishna, a renowned Tollywood actor and Telugu Desam Party (TDP) candidate, is vying for Andhra Pradesh’s Hindupur Assembly constituency. In a recent disclosure, his family’s assets were revealed to be a staggering Rs 483 crore, a figure that underscores his significant financial influence.

What’s intriguing is that Balakrishna’s wife, Vasundhara, a homemaker, holds more movable assets than he does. The affidavit submitted during the nomination filing reveals that Balakrishna’s movable assets are valued at over Rs 81.63 crore, while his wife’s total stands at a substantial Rs 140.38 crore, including investments in bonds, debentures, and shares.

Balakrishna’s Hindu Undivided Family (HUF) also has movable assets exceeding Rs 2.41 crore, while his son, Mokshagnya Taraka Rama Teja, has movable assets worth Rs 58.63 crore.

In terms of immovable assets, Balakrishna’s current market value is Rs 103.35 crore, while his wife’s immovable assets are valued at Rs 38.90 crore. Meanwhile, the HUF’s movable assets are valued at Rs 46.52 crore, and Mokshagnya Taraka Rama Teja’s assets amount to Rs 11.11 crore.

For the financial year 2022-23, Balakrishna reported an income of Rs 10.02 crore, while his wife’s income for the same period was Rs 38.46 lakh. The HUF’s income totalled Rs 19.02 lakh, and his son earned Rs 18.80 lakh.

Balakrishna is 63 years old and is seeking re-election from Hindupur for a third consecutive term. He is the brother-in-law of TDP president, former Chief Minister N. Chandrababu Naidu, and the father-in-law of Naidu’s son and TDP General Secretary Nara Lokesh.