Lok Sabha Elections 2024: Telugu Desam Party (TDP) candidate for the Guntur Lok Sabha seat, Pemmasani Chandra Sekhar, has garnered consideration after disclosing his household property, together with movable and immovable, amounting to Rs 5,785 crore in his election affidavit, presumably making him the wealthiest contestant in the present electoral race.
According to a press launch by the Association for Democratic Reforms (ADR), Nakul Nath, son of former Madhya Pradesh Chief Minister Kamal Nath, emerged because the wealthiest contestant in Phase-I of the Lok Sabha polls held on April 19, boasting property value practically Rs 717 crore.
Sekhar’s particular person property stand at Rs 2,448.72 crore
As per the affidavit filed by Sekhar, his particular person property stand at Rs 2,448.72 crore, whereas his spouse, Sriratna Koneru, possesses property value Rs 2,343.78 crore. Additionally, their kids collectively personal practically Rs 1,000 crore in property. However, the household additionally bears a legal responsibility of Rs 1,138 crore to JP Morgan Chase Bank of the USA in the type of a Line of Credit.
Dependent son Abhinav Pemmasani possesses movable property valued at Rs 496.27 crore, whereas dependent daughter Sahasra Pemmasani owns movable property amounting to Rs 496.47 crore. Additionally, the couple collectively has investments totalling Rs 2,402.36 crore in publicly listed firms in the US.
In a mixed submitting together with his spouse, he disclosed property value Rs 605.57 crore for the US Tax Cycle Year from January 2022 to December 2022. These property are held in the United States. He holds investments and shares in a number of US-based firms. Additionally, he owns luxurious automobiles together with a Rolls Royce Ghost, Mercedes Benz, and Tesla in the USA.
Who is P Chandra Sekhar?
Chandra Sekhar’s journey, from his roots in Burripalem village in Andhra Pradesh to his position as a physician-educator at Johns Hopkins University – Sinai Hospital, and later founding UWorld, an internet studying and examine assets platform, is undeniably outstanding.
He accomplished his MBBS at NTR University of Health Sciences, Vijayawada in 1999, and pursued MD (Internal Medicine) at Geisinger Medical Center in Danville, Pennsylvania, graduating in 2005.
His educational prowess was evident when he secured the twenty seventh rank amongst 60,000 college students in the EAMCET medical entrance examination for MBBS in the state, a extremely aggressive feat in the nation.
Driven by his ardour for public service, Chandra Sekhar has been actively concerned with the TDP’s NRI wing since 2010, supporting varied welfare applications of the occasion.
Although he aspired to contest the Lok Sabha elections from the Narasaraopet phase in 2014, the TDP allotted the ticket to R Sambasiva Rao attributable to prevailing political circumstances.
Chandra Sekhar bagged the distinguished Ernst and Young award as a younger entrepreneur in 2020 competing with about 200 prime enterprise leaders in the US. He additionally based the Pemmasani Foundation, which organises well being camps and provides ingesting water in villages in Guntur and Narasaraopet constituencies.
Chandra Sekhar will face off towards Ok Venkata Rosaiah of the YSR Congress Party in the upcoming elections.
(With PTI inputs)
