In a remarkable disclosure, Andhra Pradesh Chief Minister N. Chandrababu Naidu has topped the list of India's richest chief ministers, with assets worth ₹936 crore declared. The report, dated August 23, 2025, showcases the dramatic increase in the company that significantly forms the basis of his riches.
The report observes that the market cap of the company has expanded exponentially from ₹25 crore in 1995 to ₹4,500 crore in 2025, a record ₹6,755 crore in June 2024, with the highest-ever number of shareholders at 1,81,907. These humongous figures indicate both the growth of the enterprise and Naidu's enduring interest in its success.
While the specific breakdowns of his holdings weren't provided in the quoted passage, other sources indicate his wealth consists of a combination of movable and immovable holdings. Based on the ADR report, Naidu's ₹931 crore (which slightly varies from ₹936 crore) consists of more than ₹810 crore worth of movable holdings as well as over ₹121 crore of immovable holdings. This magnitude of personal fortunes reflects the financial clout maintained by his business endeavors, in particular Heritage Foods, which he created in 1992 amid dairy-sector liberalization.
Naidu's financial position is way ahead of other chief ministers. Arunachal Pradesh CM Pema Khandu, the second richest, reported assets of around ₹332 crore, while West Bengal CM Mamata Banerjee is at the bottom with under ₹16 lakh in assets. The total assets held by India's 30 chief ministers total ₹1,632 crore averaging a mere ₹54 crore per person.
The wealth gap between state leaders has generated vital discussions on public service, transparency, and privilege. The information, extrapolated from affidavits submitted prior to polls, highlights how prosperity and politics often meet in Indian politics. Naidu's situation, having had a large dairy business background turned into political stature, is such an example.
Chandrababu Naidu's rise to the rank of richest chief minister with assets valued at ₹936 crore is representative of larger trends where political power and industrial clout overlap. His firm's rocketing growth from ₹25 crore valuation in 1995 to a peak of ₹6,755 crore in June 2024 is reflective of his own ascent from businessman to powerful political figure. The disconnect between Naidu's net worth and that of his peers is raising concerns regarding equity, transparency, and the nature of personal wealth in Indian political leadership.
