Rishi Sunak is going to be the new Prime Minister of the United Kingdom replacing Liz Truss after she resigned only 44 days after taking office. The British politician is a member of the Conservative Party who also acted as the Chief Secretary to the Treasury (2019 to 2020) and next the Chancellor of the Exchequer (2020 to 2022).
After taking over as the new Prime Minister, people are curious to know about Rishi Sunak’s net worth. It is deemed that Rishi Sunak’s net worth makes him one of the richest Prime Ministers ever. So, is Rishi Sunak’s net worth really such an enormous figure?
Who Is Rishi Sunak? Where Was He?
On 12th May 1980, Rishi Sunak was born to Usha Sunak and Yashveer Sunak. His grandparents were originally from Punjab and relocated to East Africa in the 1960s. After that, they went to England, and Rishi was born in England.
He is the eldest son with three other siblings. The Prime Minister received his education from Oxford University and then went on to complete his MBA from Stanford University in 2006.
I will unite our country, not with words, but with action.
I will work day in and day out to deliver for you.
Watch my speech from Downing Street 👇 pic.twitter.com/diOBuwBqXc
— Rishi Sunak (@RishiSunak) October 25, 2022
Rishi Sunak’s Net Worth & Real Estate
At the time of writing this article, UK Prime Minister Rishi Sunak’s net worth is £730 million. The couple has around $20 million in real estate throughout the world. Rishi Sunak’s net worth gives them all the resources to keep their family happy.
Their primary home is situated in Kensington, West London. It is a 5-bedroom mansion that costs $10 million. They escape to their country estate named Kirby Sigston Manor in North Yorkshire, England.
The manor is originally from 1826 which the couple bought in 2015. Besides, Rishi Sunak’s net worth also allowed him to buy a $7 million penthouse apartment situated in the posh beachside Santa Monica community.
Rishi Sunak’s Martial Status
Rishi Sunak’s net worth mainly became significant after he met his lover Akshata Murthy, the daughter of industrialist and co-founder of Infosys N.R. Narayana Murthy. While they were at Stanford, they fell in love, and in 2009 the couple tied the knot in Bangalore, India. They had a lavish big fat Indian wedding.
Akshata is an independent businesswoman operating one of the biggest fashion brands and is considered to be amongst the richest women in England. Akshata Murthy’s net worth is deemed to be more than the late Queen Elizabeth II.
However, the UK Prime Minister has created an identity that he is proud of. The couple even has two gorgeous daughters Anushka Sunak and Krishna Sunak.
Is UK Prime Minister Rishi Sunak a Billionaire?
Akshata Murthy has 0.93% ownership in Infosys which makes around $16 billion in revenue every year. Out of that $4 billion in profits and the market cap that the company is going to attain is $80 billion.
So, automatically, she got around $14 million in dividends back in 2021 alone from her family business. Now, this technically makes Rishi Saunak a billionaire even if he isn’t earning as high as his wife. Since Rishi’s fortune is being calculated in British pounds, he has not attained the mark of a billionaire.
However, if you consider the couple’s fortune, Rishi Sunak’s net worth makes him a billionaire. Though Rishi Sunak’s net worth alone doesn’t come close to the billionaire status, the added earnings of his wife contribute to it. As per the reports of March 2022, Infosys made $110 billion.
So, if we calculate Akshata’s 0.93% stake, she already got $1 billion.
Moreover, the constant fluctuation of the British pound to that of the USD totally makes the couple billionaires. In the Sunday Times Rich List issue that dropped in early 2022, Rishi and Akshata were deemed to be the 222nd richest people that are currently present in the U.K.
Apart from the family fortune, Rishi Sunak’s net worth also comes from his investment in hedge funds. Rishi Sunak used to work for Goldman Sachs (2001 to 2004) and then proceeded to work for Children’s Investment Fund Management which was a hedge fund.
After that, he and his friends started their own firm named Theleme Partners in 2010. Today, the company has $700 million in assets. Besides, he also acted as the director for his father-in-law’s investment fund, “Catamaran Ventures”. So, there are multiple sources of Rishi Sunak’s net worth.
The United Kingdom is a great country but we face a profound economic crisis.
That’s why I am standing to be Leader of the Conservative Party and your next Prime Minister.
I want to fix our economy, unite our Party and deliver for our country. pic.twitter.com/BppG9CytAK
— Rishi Sunak (@RishiSunak) October 23, 2022
Now that Rishi Sunak’s net worth is revealed, we can assure you that in no time he will be a billionaire. Rishi will soon take his position as the Prime Minister of the UK and there is a long way to go.
So, let us keep an eye on the journey of Rishi Sunak’s net worth and how impactful he is going to be as a Prime Minister. For more updates stay tuned with us at Leedaily.com.