Konda Vishweshwar Reddy's family assets are worth Rs 4,568 crore

HYDERABAD: BJP candidate from Chevella Konda Vishweshwar Reddy has emerged as one of the richest candidates, with assets worth Rs 4,568 crore.

According to the affidavit submitted during his nomination, Vishweshwar Reddy's assets are primarily movable, with significant holdings in shares and businesses. His wealth stems from his association with Apollo Hospital Enterprises Limited, PCR Investments, Citadel Research, and other companies.

Vishweshwar Reddy's personal assets are estimated at Rs 1,240 crore, while his wife, Sangita Reddy, Joint Managing Director of Apollo Hospitals, has assets worth Rs 3,208 crore. The couple's dependent son, K. Viraj Madhav Reddy, has assets totalling Rs 108 crore. Together, they own diamonds and gold worth Rs 11 crore, two villas in Aparna Elixir Puppalaguda, and agricultural lands in Chevella, Rajendranagar, and Chittoor. However, the family, interestingly, does not own a car.

The family's immovable assets include land and residential buildings in Hyderabad and Ranga Reddy districts. Vishweshwar Reddy's immovable assets are valued at Rs 71.35 crore, while his wife's are worth Rs 5.51 crore. The couple has declared liabilities totalling Rs 13.82 crore.

In addition to his wealth, Vishweshwar Reddy faces four criminal cases, including a cheating case in New Delhi, with charges framed in three of them. Despite these legal issues, he has not been convicted in any case.

Vishweshwar Reddy comes from a prominent family, being the grandson of Konda Venkata Ranga Reddy, former deputy chief minister in undivided Andhra Pradesh, and son of Justice Konda Madhava Reddy, a former chief justice of Andhra Pradesh and Maharashtra. Chevalla constituency, where Vishweshwar Reddy is contesting, is in Ranga Reddy district, named after his grandfather.

In 2019, Vishweshwar Reddy lost the Lok Sabha election on a Congress ticket to Ranjith Reddy of the BRS by a margin of 14,317 votes. Before joining the BJP, he was a member of the Bharat Rashtra Samithi (BRS) and later shifted to Congress, where he contested the 2019 state elections.