Dr. Chandra Sekhar Becomes Richest Minister in Modi 3.0 Cabinet with Assets Worth Rs 5,705 Crore

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Amit Singh

Pune, 10th June 2024: Dr. Chandra Sekhar Pemmasani, a Member of Parliament from the Telugu Desam Party (TDP), has emerged as the wealthiest minister in Prime Minister Narendra Modi’s third cabinet, with declared assets worth Rs 5,705 crore. This significant declaration not only places him at the top among his peers in the new cabinet but also marks him as the richest candidate in the 2024 Lok Sabha elections.

Born on March 7, 1976, in Burripalem, Guntur District, Andhra Pradesh, Dr. Pemmasani hails from an agricultural family. His parents, Pemmasani Sambasiva Rao and Suvarchala, also raised his brother, Ravi Shankar Pemmasani. Despite his early years spent in Burripalem and Narasaraopet, due to his father’s hotel business, Dr. Pemmasani’s academic journey began with high aspirations.

After completing his 10th grade in 1991 and intermediate studies in 1993, he secured the 27th rank in the EAMCET examination, which earned him a seat at Osmania Medical College in Hyderabad. His pursuit of medical excellence took him to the United States, where he completed his postgraduate training in internal medicine at Geisinger Medical Center in Danville, Pennsylvania. During this time, he represented Pennsylvania in a national medical knowledge competition for two consecutive years.

Dr. Pemmasani’s career further flourished as he served as an attending physician at prestigious institutions like Johns Hopkins University and Sinai Hospital for approximately five years, where he was involved in teaching residents and medical students.

Apart from his professional achievements, Dr. Pemmasani has been deeply involved in philanthropic activities. In Dallas, Texas, he worked at a no-cost medical clinic providing healthcare services to uninsured or underinsured members of the Indian community. Back in India, he played a pivotal role in supplying free potable water to residents in the Palnadu region of Andhra Pradesh for over a decade. He also donated land for a communal facility in his paternal village and funded various educational initiatives for children and adults.

His wealth and philanthropic contributions contrast with his humble beginnings, showcasing his journey from an agricultural background to becoming the richest minister in Modi’s new cabinet. With an asset declaration of Rs 5,705 crore, he surpasses other high-profile politicians, including Jyotiraditya Scindia, who holds the sixth highest assets among the winning Lok Sabha MPs and has also been sworn in as a minister.