YS Jagan Reddy is planning to contest for the Lok Sabha seat from the Cuddapah Constituency on May 8th, 2011. This will be his first contest after departing from Congress and planning to setup his own party.
Jagan if win, will be richest MP in Lok Sabha worth Rs. 365 crore. However, Congress spokeperson V Tulsi Reddy has mentioned that people will not ask any explanation of how
did he accumulate such huge asset.
Facts and Figures:
- Jagan was worth 8.19 lakhs in 2004, when CM YSR was not in power.
- Today in 2011, he is worth Rs. 365 crores. This has shown a drastic increase in his earnings of 372% from 2009 to 2011.
- Jagan own assets worth Rs. 365 crores with his wife Bharathi owning Rs. 41.44 crore.
- In the year 2009,when YSR completed his first term, Jagan assets grew from 8.19 lakhs to 77.33 crore. By 2011, it is 365 crore.
- Jagan assets have grown 372% from 2009-2011, 461-481% from 2004-2011.
Though there had been political disturbance in the state, recession, fall of land prices and sudden death of his father, has not affected the growth of the assets.
The next in line of richest MP in the Parliament are : Namma Nageswara Rao of TDP worth 173 crores and T Subbirami Reddy worth 239.6 crore.
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