YS Jagan Mohan Reddy Net Worth 2023, Check his Recent Updates
by Ushapriyanga | Updated Apr 20, 2023
Who is YS Jagan Mohan Reddy?
Jagan Mohan Reddy, also known as Y.S. Jagan, is the current Chief Minister of Andhra Pradesh, India. He founded and leads the YSR Congress Party and previously served as a Member of Parliament for Kadapa. Jagan Mohan Reddy began his political career in the Indian National Congress but left to establish his own party after his father's death in a helicopter crash.
He undertook a consoling tour across the state, known as Odarpu Yatra, before forming the YSR Congress Party, which shares his father's acronym. In 2001, Reddy acquired the defunct power project, Sandur Power Company Limited (SPCL), from its original promoter M B Ghorpade.
Through SPCL, he invested significant amounts of money in other companies and expanded his business interests. Reddy's wife, Y. S. Bharathi, currently leads the company. However, as he became more involved in politics, Reddy sold his shares in SPCL and reduced his direct involvement in business activities.
YS Jagan Mohan Reddy Net Worth 2023
According to a report by the Association for Democratic Reforms (ADR), Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, is currently the richest chief minister in India.
The ADR analyzed the poll affidavits of 30 chief ministers in the country and found that with the exception of Mamata Banerjee, all of them have a net worth of crores. Banerjee's net worth is just Rs 15 lakh. Reddy, who has a net worth of Rs 510 crore, tops the list. On average, the assets of all the chief ministers amount to Rs 33.96 crore.
Before entering politics following his father's death in a helicopter crash, Jagan Mohan Reddy was already a successful businessman with interests in cement plants, infrastructure, and media channels. He founded the Telugu newspaper and news channel Sakshi, as well as Bharathi Cements. In a recent interview, the MD of Bharati Cement praised Reddy's research-oriented approach and leadership.
According to his 2019 poll affidavit, Reddy's total assets are valued at Rs 375 crore, including movable assets worth Rs 339 crore. He does not own a vehicle. His wife, YS Bharathi Reddy, has assets worth Rs 124 crore, including immovable assets worth Rs 31 crore.
Reddy's two daughters each own movable assets worth Rs 11 crore. In 2018, his reported income was Rs 25.89 crore. He also owns non-agricultural land worth Rs 8.42 crore and commercial buildings valued at over Rs 14.46 crore. Additionally, he owns a property in Hyderabad worth Rs 12 crore.
YS Jagan Mohan Reddy Family
Jagan, the son of former Chief Minister of Andhra Pradesh Y. S. Rajasekhara Reddy and politician Y. S. Vijayamma, has a sister named Y S Sharmila Reddy who is also a politician and member of his party, YSR Congress.
When Jagan was imprisoned in 2012, Sharmila oversaw his political campaign and the party with their mother. She also completed a 3000 km walkathon for the YSR Congress, touring 14 districts in Andhra Pradesh. Jagan's wife, Y S Bharati, is also a politician and member of the YSR Congress. They got married on August 28, 1996, and have two daughters named Harsha Reddy and Varsha Reddy.
Jaganmohan Reddy Age and Birth Info
In 2001, Jagan established his company by acquiring the defunct power project Sandur Power Company Limited (SPCL) from M B Ghorpade, its original promoter. SPCL has invested significant amounts of money in other companies and may continue to do so in the future. However, Jagan eventually sold his shares in SPCL and shifted his focus to politics.
Jagan entered politics on September 2, 2009, after his father's death in a helicopter crash over the Nallamala forest in Andhra Pradesh. He joined the Indian National Congress and won a seat in the Kadapa Legislative Assembly in 2009. Following his father's death, he embarked on the Odarpu Yatra, a tour across the state to offer condolences.
Specifications
Details
Name
Y S Jagan Mohan Reddy
Birth Date
21 December 1972
Age
50 Years
Birthplace
Pulivendula Village of Kadapa District, Andhra Pradesh
Home Town
Kadapa District, Andhra Pradesh
Heights
6’ 1”
Weight
70 kg
YS Jagan Mohan Reddy Net Worth 2023 - FAQs
Jagan Mohan Reddy is an Indian politician and the founder of the YSR Congress Party. He is also the son of Y. S. Rajasekhara Reddy, a former Chief Minister of Andhra Pradesh.
Jagan Mohan Reddy's father, Y. S. Rajasekhara Reddy, was a prominent politician and served as the Chief Minister of Andhra Pradesh.
Jagan Mohan Reddy began his political career in 2009 after his father's death. He joined the Indian National Congress and won a seat in the Kadapa Legislative Assembly.
The Odarpu Yatra was a tour across the state of Andhra Pradesh conducted by Jagan Mohan Reddy to offer condolences after his father's death.
Sandur Power Company Limited (SPCL) is a defunct power project that Jagan Mohan Reddy acquired in 2001 to start his own business.