The wealth of Britain’s first Indian Prime Minister | Job Binary


Between an impressive real estate portfolio and a flourishing career in finance, Britain’s new prime minister is believed to be the richest person to ever hold a parliamentary position. In fact, he and his wife Akshata Murthy collectively have more wealth than King Charles III. Here is an overview of Rishi Sunak’s enormous net worth.

Rishi Sunak, currently the most powerful man in the United Kingdom, has been the subject of many firsts. Hailing from India, he is the country’s first non-Christian prime minister and the youngest in 210 years. However, the most talked about aspect of his new position is the fact that he is officially the richest resident of No. 10 Downing Street.

The former finance minister and investment banker has been a regular name on the list of Britain’s richest people – thanks to the wealth held by his wife Akshata Murthy – daughter of tech giant Infosys’ NR Narayana Murthy. Although the two have not commented on it individually, they are reported to have loaned real estate as well as other investments for that matter.

Rishi Sunak Net Worth

Together, Rishi Sunak and Akshata Murthy are worth about US$810 million (about RM3.8 billion), more than the monarch at Buckingham Palace (US$500 million, RM2.4 billion).

Infosys Connection

Infosys’ report estimates only net worth Forbes is about US$4.5 billion (about RM21.3 billion). Murthy, 42, owns about 0.93 percent of the IT firm, worth US$715 million (about RM3.4 billion), making it the largest chunk of their combined wealth. Headquartered in Bangalore, the company provides outsourcing, business consulting and information technology services.

Investments in real estate

Rishi Sunak Net Worth

According to multiple news sources, the couple owns four homes in the UK and Canada. The largest of these is the Manor House, a 19th-century heritage mansion in North Yorkshire, which is worth an estimated $2.3 million (about RM10.9 million). Recently, the two have come under scrutiny for spending US$450,000 (about RM2.1 million) on the property to build a leisure center with a 40-foot swimming pool, gym and outdoor tennis court.

Their other main residence is a high-end four-bedroom house in Kensington, worth US$7.1 million (about RM33.5 million). Apart from these, Sunak has an apartment in South Kensington which he bought for around US$300,000 (about RM1.4 million). ). In the United States – California, to be exact – the couple owns a penthouse in Santa Monica valued at $7.5 million (about RM35.4 million). Their real estate portfolio totals approximately $18.3 million (approximately $86.4 million).

Other assets

Rishi Sunak Net Worth

In addition, Murthy owns Catamaran Ventures UK, a venture capital firm worth US$4 million (about RM18.9 million), Sunak owned about 50 percent of the company before he transferred his shares to his wife before coming to parliament. Today, the company has reportedly invested in dara5, an investment firm backed by the Qatari royal family, MRI scanner maker Hallmarq, Elon Musk’s SpaceX, social news aggregation site Reddit, and gaming company Loco.

Murthy also owns a 5 percent stake in International Market Management, owned by Immassociates Mauritius – the name behind four Wendy’s in New Delhi as well as 11 Jamie Oliver restaurant franchises in India. She owns a large portion of the couple’s wealth.

Salary as UK Prime Minister

Sunak’s earnings through his career in finance are largely a mystery. However, as a Member of Parliament, he earned about US$95,000 (about RM450,000), up from $185,000 (about RM874,000) as UK Prime Minister.

in his report Reuters, asked how he could relate to the public, given that his personal wealth was greater than that of the monarch. He noted: “I think in our country we judge people by their character and actions, not by their bank account. Yes, I’m lucky to be in this situation now, but I wasn’t born this way.”

He added: “My parents worked hard to give me all these opportunities. I don’t apologize for what they did for me. In fact, I want to do this job because I want to offer these opportunities to everyone.”

(All images: Rishi Sunak)

This story first appeared on Lifestyle Asia India



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