Rishi Sunak (born 12 May 1980) is a British politician who has been Chancellor of the Exchequer since February 2020. This article throws more light on Rishi Sunak Net Worth. A member of the Conservative Party, he was previously Chief Secretary to the Treasury from July 2019 to February 2020. Let’s take a look at his net worth and biography.
Early Life and Biography
Born in Southampton to Punjabi Hindu parents who had emigrated from East Africa, Sunak was educated at Winchester College.
He subsequently read philosophy, politics, and economics at Lincoln College, Oxford, and later gained an MBA from Stanford University as a Fulbright Scholar.
Whilst studying at Stanford, he met his future wife Akshata Murthy, the daughter of the Indian billionaire N. R. Narayana Murthy.
Political Career and Work History
After graduating, he worked for Goldman Sachs and later as a partner at the hedge fund firms The Children’s Investment Fund Management and Theleme Partners.
He served in Theresa May’s second government as Parliamentary Under-Secretary of State for Local Government.
He voted thrice in favour of May’s Brexit withdrawal agreement. After May resigned, Sunak was a supporter of Boris Johnson’s campaign to become a Conservative leader.
After Johnson was elected and appointed prime minister, he appointed Sunak Chief Secretary to the Treasury, deputizing for Chancellor Sajid Javid at HM Treasury.
He replaced Javid after his resignation in February 2020. His appointment coincided with the onset of the COVID-19 pandemic in the United Kingdom, and he has led the Treasury’s response to the ongoing crisis since his appointment.
He launched a furlough scheme for job retention and the Eat Out to Help Out scheme.
Family and Personal Life
Mr. Sunak is married to Akshata Murthy, 41. She is the daughter of the sixth-richest man in India, billionaire N.R Narayana Murthy.
He is the co-founder of Infosys, an IT company. Started in 1981, the firm has gone on to be valued at billions of pounds.
The Times of India describes Murthy’s father as “one of India’s top entrepreneurs”.
Murthy used to work in finance and marketing, but she now specializes in fashion design.
She attended Stanford University, and Tatler once referred to her as “an artistic and fashion-loving student with a deep passion for India’s traditional craftsmanship”.
Murthy used to work with artists in isolated villages in India.
Murthy’s occupation is running her own fashion label, Akshata Designs, while she is also a director of a venture capital firm that was founded by her father in 2010.
She grew up with a passion for clothes.
Murthy has previously said her love for fashion baffled her “no-nonsense engineer mother”, Sudha Murthy.
Vogue magazine shot Murthy in 2011, and she spoke about working in fashion design in the accompanying interview.
“I’m about the story behind a particular garment, its authenticity, craftsmanship, and protecting a rich heritage,” Murthy said.
Rishi Sunak Net Worth
The Times reported in February 2021 that Murthy has a stake in her father’s IT company that is worth £185million.
But her own personal fortune is estimated to be around £430million, which makes her richer than the Queen whose wealth amounts to £350million.
Murthy and Mr. Sunak reportedly own “at least four properties”, according to The Times.
That includes a five-bedroom house in Kensington, which is valued at around £7million.
Recently, Murthy came under public scrutiny after it was revealed that she had claimed up to £100,000 from the chancellor’s Job Retention Scheme to pay furloughed staff at her gym business, Digme Fitness Limited.
Figures released showed that the company had claimed between £50,000 and £100,000 in furlough funds in December.
Murthy, who is a director at the business, has a 4.5 percent stake in the firm. The couple met while both studying at Stanford University in California.
Mr. Sunak won a Fulbright scholarship to attend the prestigious institution. They were married in August 2009, in a two-day wedding ceremony in Bangalore.
The pair initially lived in California, but they relocated to the UK with their two daughters, Krishna and Anoushka.
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