As the Conservative Party Leadership race nears its end, only Rishi Sunak and Penny Mordaunt are still in the running for Downing Street. Sunak has well over 100 supporters, so he could win just seven weeks after losing to Liz Truss in the last Tory leadership race.
As the UK decides who will be its next prime minister, many people are looking at the former chancellor’s net worth. Must Check Robert Kraft Net Worth
Rishi Sunak Net Worth
This year, Sunak was number 222 on the Sunday Times rich list, which is a list of the richest people in the UK. The Guardian says that this makes him the first politician in charge to make the annual list since it started in 1989. The list says that Rishi Sunak and his wife have a net worth of £730 million, and their sources of wealth are listed as “technology and hedge fund.”
His wife Akshata Murty is the daughter of NR Narayana Murthy, who started the huge Indian IT company Infosys which is worth a billion dollars. She owns 0.93% of the company, which is thought to be worth about £430 million.
She was criticized earlier this year for having “nom-dom” tax status, which may have saved her £20 million in taxes on dividends from her shares. Murty also designs clothes and runs the business Akshata Designs.
The Guardian says that Sunak also owns four properties around the world that are worth more than £15 million. Before going into politics, Sunak worked as an analyst at the investment bank Goldman Sachs and then for several hedge funds.
Rishi Sunak And The Cost of Living Crisis
If Rishi Sunak becomes PM, he will have to deal with one of the worst crises in the cost of living in recent years. The latest consumer prices index numbers show that inflation is at its highest level in 40 years, at 10.1%. This is putting a lot of pressure on people’s finances.
This comes at a time when Sunak is getting criticism for his plans to build a new swimming pool and pay £14,000 a year to heat it, which is about six times the average energy bill for a home.
Rishi Sunak On Taxes
Rishi Sunak has run for leadership as the fiscally conservative candidate. He has called Liz Truss‘s plans to cut taxes “comforting fairytales.” He said he would “deliver tax cuts that drive growth” in a “responsible way.”
He promised to cut income tax by 4p in seven years.
Rishi Sunak Nationality
Rishi Sunak is a British politician. He was born on May 12, 1980, and has been the leader of the Conservative Party since October 24, 2022. He is set to become Prime Minister of the UK.
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Jessa Martin is the author of Nogmagazine, A professional in writing by day, and novelist by night, she received her bachelor of arts in film from Howard University and her master of arts in media studies from the New School. A Brooklyn native, she is a lover of naps, cookie dough, and beaches, currently residing in the borough she loves, most likely multitasking.