GUNTUR : TDP candidate for the Guntur Lok Sabha constituency Dr Pemmasani Chandrasekhar filed his nomination on Monday. With a net worth of over Rs 5,700 crore, he is probably one of the richest politicians in the country.
As per the affidavit filed with the Election Commission, his family’s assets stand at a whopping Rs 5,705.47 crore, including moveable assets worth Rs 5598,64,80,786 and immovable assets worth Rs 106,82,46,752. Of the total, assets worth Rs 94,89,13,692 are self-acquired and assets valued at Rs 11,93,33,060 are inherited. An NRI, Pemmasani is making his electoral debut in the ensuing elections. A native of Burripalem village in Tenali mandal, his father was a TDP leader.
Pemmasani’s net worth is Rs 2388,54,69,410, while his wife Koneru Sriratna owns assets worth Rs 2324,17,59,046. Their elder son Abhinav owns assets worth Rs 496,27,61,094 and younger daughter Sahasra owns assets worth Rs 496, 47,37,988.
Pemmasani and his wife own shares in 101 public listed companies in US
The TDP candidate has moveable assets valued at Rs 2316,54,45,165 and immovable assets worth Rs 72,00,24,245. Sriratna owns moveable assets worth Rs 2289,35,36,539 and immovable assets worth Rs 34,82,22,507. They also jewellery, and precious stones worth Rs 2,40,61,250. While Pemmasani has Rs 2.06 lakh cash in hand, his wife Koneru Sriratna has Rs 1.52 lakh. As per the IT returns filed in financial year 2022-23, their annual income stands at Rs 605,57,48,599 in the US and Rs 3,68,840 in India.
The couple are major shareholders in various companies, including Go4Funding, Pemmasani Huffman Investments, Pemmasani Interests, Aspen Publishing. Pemmansani’s family owns bonds and shares worth Rs 5550,82,38,466 in 101 public listed companies in the US.
The liabilities of the family exceeds Rs 1,000 crore. Pemmasani and Sriratna have liabilities to the tune of Rs 519 crore each, totalling to Rs 1,038 crore.
After completing his MBBS at NTR Medical University of Health Sciences in 1999, Pemmasani went to the US and finished PG in Internal Medicine at Geisinger Medical Center in Danville, Pennsylvania in 2005 and became a successful physician. He is the founder and CEO of UWorld, an online learning platform.
Although he planned to contest from Narasaraopet in 2014, he did not get a ticket due to various reasons.