Rishi Sunak: British politician Rishi Sunak (born 12 May 1980) has been Prime Minister of the United Kingdom and Leader of the Conservative Party since 25 October 2022. Since 2015, Sunak has been the Member of Parliament (MP) for Richmond (Yorks), and he has also held the positions of Chancellor of the Exchequer (2020–2022) and Chief Secretary to the Treasury (2019–2020). Likewise, now we can see people searching for Rishi Sunak net worth.
Sunak’s parents are Indian immigrants who settled in Britain after leaving East Africa in the 1960s. He was born in Southampton. He received his undergraduate degree from Winchester College, his master’s degree in business administration from Stanford University, and his doctorate in PPE from Lincoln College, Oxford.
After meeting Akshata Murty, the daughter of Indian business magnate N. R. Narayana Murthy of Infosys, while he was a student at Stanford, the two eventually tied the knot. As of 2022, Sunak and his wife have a combined fortune of £730 million, making them the 222nd most affluent couple in Britain.
Before becoming a partner at The Children’s Investment Fund Management and Theleme Partners, Sunak worked as an analyst for Goldman Sachs. After the 2015 general election, Sunak was elected to represent the constituents of Richmond, North Yorkshire, in the House of Commons. He will take over for William Hague.
In the 2016 referendum on European Union membership, Sunak voted for Brexit. During the 2018 cabinet reshuffle, he was promoted to Parliamentary Under-Secretary of State for Local Ministry in Theresa May’s second government. Three times he cast his vote in favor of May’s Brexit departure agreement.
Soon after May’s resignation, Sunak backed Boris Johnson’s bid to replace her as Conservative leader. Shortly after Johnson took office as Prime Minister, he named Sunak as Treasury Chief Secretary. After Sajid Javid resigned as chancellor in February 2020, he was replaced by the incumbent, Sunak.
Financial responses to the COVID-19 pandemic and its effects on the economy, such as the Coronavirus Job Retention and Eat Out to Help Out initiatives, received significant attention from Sunak in his role as Chancellor. In July 2022, he resigned as chancellor, and shortly after that, Johnson resigned from office due to a problem in the administration.
Sunak ran for the leadership of the Conservative Party to succeed Johnson, but she came in second place to Liz Truss on the ballot of party members. After Truss resigned over a crisis in his credibility, Sunak was elected as the new leader of the Conservative Party without any opposition. On October 25, 2022, he became the first British Asian and Hindu to serve as Prime Minister.
What Is Rishi Sunak Net Worth?
An estimated £730 million are in Rishi Sunak’s possession. Rishi Sunak, who has been in the race to replace Liz Truss as Prime Minister of the United Kingdom since Truss’s resignation 44 days ago, is presently in the lead. From 2019 to 2020, Rishi, a Conservative Party member, was the Treasury’s top official; from 2020 to 2022, he was the country’s Chancellor of the Exchequer.
After Boris Johnson resigned in the wake of multiple scandals and resignations in July 2022, the two remaining contenders were Sunak and Truss. In the end, the Conservative Party membership voted, and Truss won. As we’ll see in the following sections, the bulk of Rishi’s fortune comes from his wife, Akshata Murty, the daughter of Indian business magnate N.R. The name of the man responsible for this is Narayana Murthy.
Is Rishi Sunak A Billionaire?
While Rishi Sunak has been considered a billionaire in recent years because of the wealth he inherited from his wife, he was never a billionaire in British pounds. However, if you use US dollars as your currency of choice, the couple’s wealth has been valued at approximately $1 billion in recent history, most notably at the very end of 2021 and the very beginning of 2022.
By March 2022, Infosys had a market cap of $110 billion (up from $77 billion now). Akshata’s 0.93 percent ownership was worth about $1 billion at that price. The couple’s status as technical billionaires has also been affected by the fluctuating value of the British Pound relative to the US Dollar.
Brilliant to drop into tonight’s Diwali reception in No10.
I will do everything I can in this job to build a Britain where our children and our grandchildren can light their Diyas and look to the future with hope.
Happy #Diwali everyone! pic.twitter.com/g4yhAGhToz
— Rishi Sunak (@RishiSunak) October 26, 2022
In early 2022, the Sunday Times Rich List placed Rishi and Akshata at #222 on the list of the wealthiest persons in the United Kingdom, with an estimated fortune of £730,000,000 ($1.06 billion). The exchange rate between the pound and the dollar was 1.35 then.
A total of 730,000,000 pounds at the time was worth $985,000,000 at the then-current exchange rate. In September 2022, the pound’s value had dropped from 1.08 to 1, lowering the couple’s wealth to $788 million in US dollars.
Additionally, between January and September of that year, Infosys’ market cap dropped from $110 billion to $77 billion, cutting the couple’s paper net worth even further. No matter how you slice it, Rishi and Akshata are still $200 million richer than King Charles, with a combined net worth of $800 million. If you find this interesting, please forward it to your friends. Visit Newswatchlist.com for the most up-to-date and recent celebrity news.
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