By Sarmind Safi
Rishi Sunak, currently the most influential individual in the United Kingdom, has made headlines for a number of firsts. He is the nation’s youngest prime minister in 210 years and the first non-Christian person of color to hold the position.
The most talked-about element of his new role, though, is that he now holds the title of 10 Downing Street’s richest resident.
Here is a complete dissection of Rishi Sunak’s wealth, both individually and in partnership with his wife, Akshata Murthy.
Overview
Due to the wealth amassed by his wife, Akshata Murthy, who is the daughter of N.R. Narayana Murthy of the famous Indian software company Infosys, the former minister of finance and investment banker has consistently appeared on lists of the wealthiest persons in Britain. Although the two haven’t spoken about it directly, reports attribute this to real estate and other assets.
The combined net worth of Rishi Sunak and Akshata Murthy is around USD 810 million (roughly Rs 6,661 crores), exceeding that of the monarch at Buckingham Palace (USD 500 million, Rs 4,112 crores).
The Infosys Link
According to a Forbes study, Infosys alone has a net worth of over USD 4.5 billion (about Rs 37,065 crores). The 42-year-old Murthy controls approximately 0.93 percent of the IT company, or USD 715 million (roughly Rs. 5,890 crores). The majority of their combined wealth comes from this. The organization has its headquarters in Bangalore and offers services in business consulting, information technology, and outsourcing.
The pair has four residences in the UK and Canada, according to numerous news reports. The largest of these is the Manor House in North Yorkshire, a 19th-century heritage mansion that they paid about USD 2.3 million (about Rs. 18 crores) for. Recently, the two have come under fire for investing over USD 450,000 (about Rs 3 crores) to construct an outdoor tennis court, gym, and leisure center on the property.
Their other primary abode is a four-bedroom home in upmarket Kensington that costs about Rs. 58 crores ($7.1 million). Aside from this, Sunak owns a South Kensington apartment that he paid about $300,000 USD (about Rs. 2 crores) for. The pair has a condominium in Santa Monica, California, which is estimated at USD 7.5 million (about Rs 61 crores). Their combined real estate holdings are valued at roughly Rs. 150 crores, or USD 18.3 million.
Other Assets
In addition to this, Murthy is the owner of Catamaran Ventures UK, a venture capital firm valued at USD 4 million (about Rs. 32 crores). Up until he surrendered his interests to his wife shortly before joining the parliament, Sunak owned roughly 50% of the business. According to reports, the corporation has recently made investments in the dara5 investment group, which is funded by the Qatari royal family, the Hallmarq MRI scanner company, SpaceX, Reddit, and the gaming company Loco. Murthy owns a 5% ownership in International Market Management, that is the owner of Immassociates Mauritius, the company behind 11 Jamie Oliver’s franchises in India and four Wendy’s restaurants in New Delhi. She is the main beneficiary of the couple’s money.
The amount of money Sunak has made through his profession in finance is mainly unknown. However, he received nearly USD 95,000 (about Rs 78 lakh) from his salary as an elected member of the parliament. As the British Prime Minister, this rises to more than USD 185,000 (about Rs 1.5 crore).
He was questioned about how he could connect with the public given that his own wealth was higher than the monarch’s, according to a Reuters story.
He said, “I think in our country, we judge people not by their bank account, we judge them by their character and their actions. And yes, I’m really fortunate to be in the situation I’m in now, but I wasn’t born like this. My parents worked really hard to provide me with all these opportunities. I’m not going to apologise for what they did for me. And in fact, that’s why I want to do this job because I want to provide those opportunities for everyone else.”
Early Life
Sunak, who was brought up in Southampton to parents of Indian heritage who had immigrated from East Africa, went to the prestigious Winchester College boarding school and worked as a waiter there during the summers. He next attended Oxford University to study politics, philosophy, and economics before beginning a three-year employment with Goldman Sachs. He joined the billionaire Chris Hohn-founded and -led London-based hedge fund The Children’s Investment Fund (TCIF) in 2006 after receiving an MBA from Stanford.
In 2009, Sunak departed TCIF to work for Theleme Partners in Santa Monica, a fund founded by former TCIF co-founder Patrick Degorce. Sunak held less than 5% of the company, which, based on the most recent disclosure form filed in February 2013, had $2.2 billion in assets under management. In order to start Catamaran Ventures UK with the help of his wife, Akshata, he quit Theleme in 2013.
Rishi Sunak Quotes
“From working in my mum’s tiny chemist shop to my experience building large businesses, I have seen how we should support free enterprise and innovation to ensure Britain has a stronger future.”
“In terms of cultural upbringing, I’d be at the temple at the weekend – I’m a Hindu – but I’d also be at the Saints game as well on a Saturday – you do everything, you do both.”
“We rise to challenges, we will meet them, we’re well prepared for them, we’ll get through them and we’ll emerge on the other side stronger.”
“I believe that anyone can achieve their goals if they are willing to put in the hard work and make a real commitment.”
“I believe that anyone can achieve their goals if they are willing to put in the hard work and make a real commitment.”
Also, “I will deliver on (our manifesto’s) promise. A stronger NHS, better schools, safer streets, control of our borders, protecting our environment, supporting our armed forces, leveling up, and building an economy that embraces the opportunities of Brexit where businesses invest, innovate and create jobs.”
Trivia
When he is not being hounded by questions on his suitability for the role of UK’s Prime Minister and his wealth being pried on, Rishi Sunak gets famous in internet gossip.
Sunak has been the talk of the town for many that also intriguingly includes his height. Search words like “rishi sunak height and weight”, “how tall is sunak”, “rishi sunak height”, and “how tall is rishi sunak” have flooded Google. Even his wife has coem under scrutiny with people asking “how tall is rishi sunak’s wife.”
Wrapping Up
Rishi graduated with a first-class degree in politics, philosophy, and economics and went on to work as a banker at Goldman Sachs and as a partner to a hedge fund firm before becoming an MP.
In 2015, he was elected to represent Richmond as an MP, and in 2019, he was appointed Chief Secretary to the Treasury.
Rishi resigned from the office in July 2022 after leaving it in 2020 to become Chancellor of the Exchequer. He is currently the Prime Minister of the United Kingdom.
Read Also:
