Pemmasani Chandrasekhar Networth Overview
Introduction: Pemmasani Chandrasekhar Networth is a topic of significant interest, as he is known as one of the richest political candidates in India.
An NRI doctor, Pemmasani Chandrasekhar, hailing from Andhra Pradesh, has declared assets worth over Rs 5,785 crore. His financial success has not only been due to his medical career but also his vast business ventures. This article explores his net worth, career, political journey, and more.
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Pemmasani Chandrasekhar’s Career and Medical Background
- Dr. Pemmasani Chandrasekhar is a doctor by profession, having completed his MBBS from Dr. NTR University of Health Sciences, Andhra Pradesh, in 1999.
- He pursued further studies in the US, earning an MD in Internal Medicine from Geisinger Medical Centre, Pennsylvania, in 2005.
- He gained professional success in the US as a physician and entrepreneur, eventually founding the online learning platform UWorld.
Pemmasani Chandrasekhar Networth: Assets and Liabilities
- Networth Breakdown: Pemmasani Chandrasekhar’s net worth is over Rs 5,785 crore, with both movable and immovable assets contributing to this staggering figure.
- Movable assets are valued at Rs 2,316 crore, while his wife, Koneru Sriratna, holds Rs 2,289 crore in movable assets.
- The couple jointly owns shares in 101 companies, with significant investments in bonds and stocks.
- Immovable Assets: Pemmasani’s immovable assets are valued at Rs 72 crore, while his wife holds immovable assets worth Rs 34.8 crore.
- Liabilities: Despite their immense wealth, both Pemmasani and his wife have liabilities of Rs 519 crore each. They owe Rs 1,138 crore in a line of credit to JP Morgan Chase Bank.
Business Ventures and Investments
- Pemmasani Chandrasekhar’s wealth extends beyond his medical practice. He is involved in several businesses, including:
- Go4Funding
- Pemmasani Huffman Investments
- Aspen Publishing
- He holds shares in 101 public-listed companies, primarily in the US, showcasing his global business influence.
Political Journey
- Dr. Pemmasani Chandrasekhar is a prominent figure in the Telugu Desam Party (TDP), representing the Guntur Lok Sabha seat in Andhra Pradesh.
- Although he had initially planned to contest from Narasaraopet in 2014, he did not receive the ticket.
- In the 2024 elections, Pemmasani entered politics, quickly gaining attention as one of the wealthiest candidates.
- He defeated YSRCP’s Kilari Venkata Rosaiah by a margin of 3.4 lakh votes.
Education and Personal Life
- Pemmasani’s educational achievements include an MBBS and MD in Internal Medicine.
- He is married to Koneru Sriratna, with whom he shares both business and personal assets.
- The couple has two children, Abhinav and Sahasra, who also possess considerable assets.
Impact of Pemmasani Chandrasekhar’s Wealth in Politics
- Pemmasani’s financial standing has drawn attention to the increasing wealth disparity among political candidates in India.
- With assets surpassing Rs 5,700 crore, he is one of the richest members of the Lok Sabha, alongside other wealthy ministers like Jyotiraditya Scindia and H D Kumaraswamy.
Pemmasani Chandrasekhar’s Contribution to Society
- Beyond politics, Pemmasani Chandrasekhar has supported welfare programs through the TDP’s NRI wing.
- His contributions to healthcare and education, especially through his online learning platform, UWorld, have positively impacted many students and professionals.
FAQs on Pemmasani Chandrasekhar Networth
- Who is Pemmasani Chandrasekhar? Pemmasani Chandrasekhar is an NRI doctor and entrepreneur, currently serving as a political leader for the Telugu Desam Party (TDP) in Andhra Pradesh.
- What is Pemmasani Chandrasekhar’s net worth? Pemmasani Chandrasekhar’s net worth is estimated to be over Rs 5,785 crore.
- What are the major assets owned by Pemmasani Chandrasekhar? His assets include movable properties like fixed deposits, shares in 101 companies, and immovable assets worth Rs 72 crore.
- What businesses does Pemmasani Chandrasekhar own? Pemmasani is involved in multiple ventures, including Go4Funding and Pemmasani Huffman Investments.
- How much is Pemmasani Chandrasekhar’s wife worth? Koneru Sriratna, Pemmasani’s wife, holds assets worth Rs 2,289 crore.
- What is Pemmasani Chandrasekhar’s educational background? He holds an MBBS from Dr. NTR University of Health Sciences and an MD in Internal Medicine from Geisinger Medical Center in Pennsylvania, USA.
- Does Pemmasani Chandrasekhar have any criminal cases against him? No, Pemmasani Chandrasekhar does not have any pending criminal cases.
- What are Pemmasani Chandrasekhar’s liabilities? Pemmasani and his wife have liabilities of Rs 519 crore each, totaling Rs 1,038 crore.
- How did Pemmasani Chandrasekhar become wealthy? He built his wealth through medical practice, entrepreneurship, and extensive investments in public-listed companies.
- Which political party does Pemmasani Chandrasekhar belong to? Pemmasani Chandrasekhar is a member of the Telugu Desam Party (TDP).
- What role does Pemmasani Chandrasekhar play in TDP? He is the party’s candidate for the Guntur Lok Sabha seat in the 2024 elections.
- What is Pemmasani Chandrasekhar’s role in the 2024 elections? He contested and won the Guntur Lok Sabha seat, becoming one of the wealthiest members of the Lok Sabha.
- How much does Pemmasani Chandrasekhar earn annually? In the financial year 2022-23, Pemmasani earned Rs 3,68,840, while his wife earned Rs 1,47,680 in India.
- What is UWorld? UWorld is an online learning platform founded by Pemmasani Chandrasekhar, aimed at helping students and professionals prepare for various exams.
- Does Pemmasani Chandrasekhar have any children? Yes, Pemmasani has two children, Abhinav and Sahasra, both of whom own substantial assets.
- What shares does Pemmasani Chandrasekhar hold? Pemmasani holds shares in 101 public-listed companies, primarily in the US.
- What is the family’s total asset value? The total value of Pemmasani Chandrasekhar’s family assets is approximately Rs 5,705 crore.
- What is the total liability of Pemmasani Chandrasekhar’s family? The family’s liabilities exceed Rs 1,000 crore, primarily due to loans from JP Morgan Chase Bank.
- What companies is Pemmasani associated with? He is associated with companies like Go4Funding, Pemmasani Huffman Investments, and Aspen Publishing.
- When did Pemmasani Chandrasekhar file his election nomination? Pemmasani filed his nomination for the Guntur Lok Sabha seat on May 13, 2024.
- Where is Pemmasani Chandrasekhar from? Pemmasani hails from Burripalem village in Tenali mandal, Andhra Pradesh.
- What role did Pemmasani’s father play in his political career? Pemmasani’s father was a TDP leader, which influenced his entry into politics.
- How many votes did Pemmasani Chandrasekhar secure in the 2024 elections? Pemmasani won by a margin of 3.4 lakh votes over his rival from the YSR Congress Party.
- Which companies does Pemmasani own shares in? Pemmasani holds shares in companies across various sectors, primarily in the US.
- What are Pemmasani’s contributions to society? Pemmasani supports several welfare programs through TDP’s NRI wing and contributes to healthcare and education.
- What was Pemmasani’s role in the 2024 Lok Sabha elections? Pemmasani played a key role in securing a TDP victory in the Guntur constituency.
- How old is Pemmasani Chandrasekhar? Pemmasani Chandrasekhar is 48 years old.
- What is Pemmasani’s connection to Johns Hopkins University? He served as a teacher-physician at Johns Hopkins University – Sinai Hospital.
- Who is Pemmasani’s political rival in Guntur? Pemmasani’s main rival in the 2024 elections was Kilari Venkata Rosaiah from the YSR Congress Party.
- What is Pemmasani Chandrasekhar’s vision for Guntur? Pemmasani aims to bring development to Guntur, focusing on infrastructure, education, and healthcare.