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☆ Starmer pledges to ‘reset’ Britain as Labour takes over after 14 years of Conservative rule
▼ + stars: | 2024-07-05 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +10 min

London CNN —The Labour Party has won a landslide victory in the UK general election, sweeping into power after 14 years of Conservative rule on the back of a wave of public disillusionment. Addressing the nation from outside 10 Downing Street for the first time as prime minister, Starmer had one overarching message: Change starts now. There were high-profile casualties, with the short-lived former Prime Minister Liz Truss and several cabinet ministers being booted out by voters. Conservative leader and, as of Friday morning, former Prime Minister Rishi Sunak took responsibility for the electoral wipeout, apologizing to voters in his farewell address. Leaving the palace as the newly minted prime minister, he then headed straight to Downing Street.

Persons: Keir Starmer, King Charles III, Starmer, ”, Liz Truss, Rishi Sunak, Sunak, “, Akshata Murty, Nigel Farage, Donald Trump, Farage, Sinn Féin, Clodagh Kilcoyne, Rachel Reeves, Angela Rayner, David Lammy, Yvette Cooper, Jeremy Corbyn, Yui Mok, Tony Blair, Starmer –, –, Israel “, David Cameron, Brexit –, Boris Johnson Organizations: London CNN, Labour Party, Conservative Party, Labour, Conservative, Downing, British, Conservatives, Liberal, Lib Dems, Reform UK, Green Party, Scottish National Party, Irish, Democratic Unionist Party, DUP, Reuters Government, Home, Tories, European Union Locations: British, United Kingdom, Buckingham, Scotland, Northern Ireland, Ireland, Westminster, Starmer, Gaza, Britain, Europe, United States, Ukraine

☆ Sunak Defends Record in Last Speech as Prime Minister
▼ + stars: | 2024-07-05 | by ( Stephen Castle | More About Stephen Castle | ) www.nytimes.com time to read: +1 min

Rishi Sunak addressed the nation for the last time on Friday as Britain’s prime minister, apologizing for his failings and accepting responsibility for his Conservative Party’s catastrophic election performance but defending his economic record. “To the country, I would like to say first and foremost, I am sorry,” said Mr. Sunak in a brief but dignified statement in Downing Street. And I take responsibility for this loss.”The outgoing leader spoke for about four minutes, with his wife, Akshata Murty, looking on. Mr. Sunak said he would step aside as leader of his party — but only once formal arrangements to choose his successor are in place. He remains a lawmaker, having won re-election to his parliamentary seat in Yorkshire.

Persons: Rishi Sunak, “, ”, Sunak, Akshata, King Charles III Organizations: Conservative Locations: Downing, Britain, Yorkshire

☆ The UK is expecting to get a new prime minister — one that Obama has been mentoring for months
▼ + stars: | 2024-07-04 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +9 min

AdvertisementKitty Donaldson, a political journalist in the UK, told Business Insider that this interview marked a turning point in Starmer's public display of emotion. Obama could advise Starmer on how to deal with TrumpObama's and Starmer's relationship is likely to continue if Starmer wins the election on Thursday. Speaking to Politico's Power Play Podcast in September, Starmer said Obama was the US president that he spoke to "most frequently." Packer said Obama and Starmer's relationship made sense, given the decadeslong ties between the UK's Labour Party and the US Democratic Party. Meanwhile, Donaldson suggested Starmer may seek advice from Obama on dealing with Donald Trump, if the former president is reelected in November.

Persons: —, Keir Starmer, Starmer, Jill Rutter, He's, Rishi Sunak, Goldman Sachs, Akshata Murty, Narayana Murty, Barack Obama, Obama, David Lammy, Lammy, Keir, Kitty Donaldson, Donaldson, it's, Tom Packer, Packer, Donald Trump, Trump, Biden, Andrew Harnik, Stormy Daniels, … Organizations: Service, leftwing Labour Party, Conservative Party, Business, New York Times, UK's, Labour, Infosys, Sunday Times, Politico, Black, Harvard University, Sunak, Telegraph, Minas Panagiotakis, Sky News, University College London, Trump, Guardian, UK's Labour Party, US Democratic Party, BBC Radio Locations: Britain, London, England, Wales, Minas, Europe

☆ UK millionaires are fleeing Britain in their thousands
▼ + stars: | 2024-06-18 | by ( Mark Thompson | ) edition.cnn.com time to read: +4 min

The continuing exodus from the UK — 16,500 millionaires left between 2017 and 2023 — is part of a global mass migration of the rich that appears to be accelerating. The Henley Private Wealth Migration report found that 128,000 millionaires are set to relocate this year, beating last year’s record by 8,000. By contrast, the ranks of the wealthy have grown in the US, Canada, Australia, Germany and France over the same period. “The outflow of high-net-worth individuals already generated by the economic and political context is now being accelerated by policy decisions ahead of the election,” said White. Still, one very rich couple will apparently be staying, whatever the result on July 4.

Persons: Henley, ” Hannah White, —, ” Dominic Volek, Liz Truss, Keir Starmer’s, Rishi Sunak’s, Starmer, Rachel Reeves, ”, White, Akshata Murty, Sunday Times Rich, King Charles, Sunak Organizations: London CNN, Labour, Henley & Partners, Institute for Government, City of, Henley Private Wealth, European Union, Bank of England, Keir Starmer’s Labour Party, Sunday Times Locations: United Kingdom, City of London, China, Japan, Hong Kong, Canada, Australia, Germany, France, Ukraine, England

☆ Opinion: Rishi Sunak’s election looks like a final gasp
▼ + stars: | 2024-05-23 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +8 min

For those outside the Westminster bubble, the announcement felt less like a starting pistol than a final gasp. But unlike Sunak, who with his wife Akshata Murty is worth an estimated £651 million ($828 million), most of us can’t afford it. The British economy never fully recovered from the 2008 recession and, consciously or not, most people still feel the sting every day. As Sam Knight recently noted in the New Yorker, the average British worker is estimated to be £14,000 ($17,800) worse off per year now than they would be if earnings had risen at pre-crisis rates. Her disastrous mini-budget wiped £30 billion off the UK economy that autumn, according to independent think tank Resolution Foundation, and sent interest rates rocketing.

Persons: Holly Thomas, Katie Couric, Rishi Sunak, Keir Starmer, Tony Blair, Akshata Murty, Sam Knight, Brexit, Liz Truss, It’s, there’s, —, Boris Johnson, Johnson, who’d, that’s, Blair Organizations: Katie Couric Media, CNN, London CNN —, Conservative, Westminster, Labour, British Medical Association, BMA, Commission, Yorker, Evening, Office, National Statistics, Tory, Foundation Locations: London, Westminster, England, British, Europe, Rwanda

☆ UK ‘non-dom’ tax status, explained
▼ + stars: | 2024-03-06 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

“Those with the broadest shoulders should pay their fair share,” UK finance minister Jeremy Hunt told parliament Wednesday. ‘Colonial concept’The non-dom regime is an “archaic colonial concept,” which determines a person’s tax status based on their “intended” place of residence, said Arun Advani, an economics professor at the University of Warwick. The opposition Labour Party had previously said it would abolish the non-dom regime if it came to power, and spend the money raised on the National Health Service. Yui Mok/Pool/AFP/Getty ImagesMurty has since renounced those advantages, citing the “British sense of fairness” and the “distraction” her tax status posed to her husband, who was serving as the UK’s finance minister at the time. But in November 2022 Hunt defended the “non-dom” status.

Persons: Jeremy Hunt, ” Hunt, Arun Advani, Advani, Rishi Sunak, Akshata Murty, Yui Mok, Murty, Hunt, “ I’m, ” Organizations: London CNN, Britain’s Conservative, Revenue, Customs, London School of Economics, Political Science, University of Warwick, Labour Party, National Health Service, Britain's, Getty, BBC Locations: United Kingdom, Britain, India, Buckingham, London

☆ The IPO market should pick up in 2024. Here are the hottest companies set to make their debut
▼ + stars: | 2024-01-20 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

After a tepid year in the IPO market, investors are hopeful 2024 will bring about a return to form. But the IPO market cratered in 2022 after the Federal Reserve's aggressive rate hiking campaign collapsed investor demand for growth stocks. But happier days could be ahead for the IPO market in 2024. According to Linqto's 2024 IPO Sentiment Survey released Thursday, only a little more than half, 52%, of 2,500 traders polled are anticipating a significant recovery in the IPO market this year, suggesting "cautious optimism" ahead. "There's a lot more optimism for the IPO market," said Akshata Bailkeri, head of research at EquityZen, a platform for pre-IPO activity.

Persons: Akshata Bailkeri, Bailkeri, Wilson, EquityZen's Bailkeri, Shein, Shein confidentially, Reddit, that's, Andrew Low Ah Kee, Low Ah Kee, Ah Kee, Skims Skims, Kim Kardashian, Andy Muir, Muir, Jordan Brand, Amer, Roxanna Islam, Troy Gayeski, Gayeski, EquityZen's Organizations: Robinhood, Ford, Amer Sports, CNBC, U.S, Reuters, National Football League, Commerce, Nike, Wilson, FS Investments, U.S . Census, World Bank Locations: Snowflake, IPOs, Silicon, China, Opendoor, U.S

"David Cameron was a disastrous PM. Britain's former Prime Minister and newly appointed Foreign Secretary David Cameron walks outside 10 Downing Street in London, Britain November 13, 2023. "David Cameron was at the heart of the biggest lobbying scandal of recent times," said the Liberal Democrat party's foreign affairs spokesperson Layla Moran. "I understand there's a lot of baggage that comes with David Cameron," Conservative lawmaker Tobias Ellwood told Times Radio. Theresa May, who replaced Cameron as prime minister before being ousted herself amid a party rebellion over Brexit three years later, said his experience would be invaluable.

Persons: David Cameron, Rishi Sunak, Sunak, Cameron, Vladimir Putin, Xi Jinping, Steve Tsang, David Lammy, Suzanne Plunkett, Layla Moran, Akshata Murthy, Tobias Ellwood, Dehenna Davidson, Theresa May, Martin Pollard, Alex Richardson Organizations: Downing, European Union, Conservative Party, China Institute, SOAS University of London, Reuters, Labour Party, REUTERS, Conservative, Liberal Democrat, Eton College, Times Radio, Thomson Locations: European, Britain, China, Beijing, London, Downing

Its cost was estimated at 33 billion pounds in 2011, but has soared to more than 100 billion pounds ($122 billion) by some estimates. Sunak said Conservative lawmakers would be given a free vote in Parliament on the smoking ban. He used the speech to give party members and voters a glimpse of the man behind his technocratic exterior. Home Secretary Suella Braverman used her conference speech to appeal to the party’s authoritarian, law-and-order wing, advocating tougher curbs on migration and a war on human rights protections and “woke” social values. “I am confident we can win,” said Balwinder Dhillon, deputy mayor of the town of Slough, west of London.

Persons: Rishi Sunak, Sunak, he's, ”, ” Sunak, Andy Burnham, ” “, Rain Newton, Smith, “, Margaret Thatcher —, Liz Truss, Akshata Murty, Suella Braverman, Balwinder Dhillon Organizations: Conservative Party, Labour Party, Leeds, Conservative, Manchester, of British Industry, Health, New, British American Tobacco, Imperial Brands, London Stock Exchange, Treasury, United, British Locations: MANCHESTER, England, Manchester, London, “, Birmingham, Midlands, North, Britain, Britain’s, New Zealand, Rwanda, United Kingdom, Slough

☆ UK PM Sunak breached parliament's code of conduct inadvertently - watchdog
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

LONDON, Aug 23 (Reuters) - British Prime Minister Rishi Sunak did not properly declare his wife's shareholding in a childcare company which stood to benefit from new government policy but the failure was inadvertent, parliament's standards watchdog said on Wednesday. The commissioner, Daniel Greenberg, is responsible for the House of Commons code of conduct and investigates any alleged breaches. "Having considered the information available to me, I have decided that the breach of the code appears to have been inadvertent," Greenberg said. In a letter to Greenberg, published by the commissioner's office, Sunak apologised for confusing the language of registration and declaration. "I am pleased that this matter will now be concluded by way of rectification," Sunak added.

Persons: Rishi Sunak, Sunak, Akshata Murthy, Daniel Greenberg, Greenberg, Kylie MacLellan, Jonathan Oatis Organizations: British, Parliament's, Thomson

☆ Rishi Sunak’s Vacation: Taylor Swift and Disneyland. (The Rest is a Secret.)
▼ + stars: | 2023-08-16 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

Just last year, Prime Minister Rishi Sunak’s political fortunes almost collapsed over his wealthy wife’s privileged tax status in Britain. Yet last week, when Mr. Sunak and his family spent a 10-day vacation at their multimillion-dollar penthouse apartment in Santa Monica, Calif., there was scarcely a peep about it in the British papers. The difference, analysts said, attests both to evolving views of Mr. Sunak, a onetime hedge fund manager who became prime minister last October, and to Downing Street’s shrewd media management of the Sunak family’s American vacation. The family stayed largely under the radar, emerging only for a carefully staged photo opportunity at an amusement park on the Santa Monica Pier, playing games on what was Mr. Sunak’s first vacation in nearly four years. He and his wife, Akshata Murty, also took their two young daughters, Krishna and Anoushka, to Disneyland, where, he said, he was excited to try a “Star Wars”-themed ride.

Persons: Rishi, Sunak, Downing, Santa Monica Pier, Sunak’s, Akshata Murty, Krishna Organizations: Santa Locations: Britain, United States, California, Santa Monica, Calif

☆ TikToker says she spotted the prime minister of the UK at her 7 a.m. Taylor Swift-themed SoulCycle class in Santa Monica
▼ + stars: | 2023-08-05 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A TikToker said she saw Rishi Sunak at a Taylor Swift-themed SoulCycle class in LA. The UK PM has previously confessed to being a Swiftie and is on vacation in Santa Monica. UK officials wouldn't be drawn on Sunak's exercise routine, but Sunak was on vacation in Santa Monica at the time described in the post. The TikToker — Hannah Harmelin — said she realized somebody important was in the class because of heavy security there. UK Prime Minister Rishi Sunak, Anoushka Sunak, Akshata Murty and Krishna Sunak at Santa Monica Pier on August 03, 2023 in Santa Monica, California.

Persons: Rishi Sunak, Taylor Swift, Santa Monica –, wouldn't, Sunak, Hannah Harmelin —, Swift, Spears, Anoushka, Akshata Murty, Krishna Sunak, Emma McIntyre, Akshata Murthy, Oppenheimer Organizations: PM, Downing, Service, LBC, Santa Monica Pier, Stanford, Infosys Locations: LA, Santa Monica, Wall, Silicon, California, Santa Monica , California, Coachella

☆ Coronation concert fit for a king
▼ + stars: | 2023-05-08 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

Princess Charlotte, Prince George, the Prince of Wales, and Queen Camilla, in front of Prime Minister Rishi Sunak and Akshata Murty in the Royal Box viewing the Coronation Concert held on the grounds of Windsor Castle, Berkshire, to celebrate the...morePrincess Charlotte, Prince George, the Prince of Wales, and Queen Camilla, in front of Prime Minister Rishi Sunak and Akshata Murty in the Royal Box viewing the Coronation Concert held on the grounds of Windsor Castle, Berkshire, to celebrate the coronation of King Charles III and Queen Camilla, Sunday, May 7. Stefan Rousseau/Pool via REUTERSClose

☆ Jill Biden visits UK's Downing Street ahead of King Charles' coronation
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

[1/3] Akshata Murty, the wife of British Prime Minister Rishi Sunak meets with U.S. first lady Jill Biden at Downing Street in London, Britain May 5, 2023. REUTERS/Peter NichollsLONDON, May 5 (Reuters) - U.S. First Lady Jill Biden met British Prime Minister Rishi Sunak's wife Akshata Murty at Downing Street on Friday as she visited London to represent the United States at King Charles' coronation. Jill Biden, 71, will visit a local school on Friday afternoon along with Murty before meeting staff at the U.S. embassy and King Charles at a reception in Buckingham Palace. U.S. President Joe Biden has faced some criticism, notably from his predecessor and potential 2024 election rival Donald Trump, for skipping Charles' coronation. Biden visited Belfast and Ireland last month to commemorate the 25th anniversary of the Good Friday peace pact.

☆ Jill Biden arrives in London for the pomp and pageantry of King Charles III’s coronation
▼ + stars: | 2023-05-05 | by ( Betsy Klein | ) edition.cnn.com time to read: +3 min

CNN —First lady Dr. Jill Biden has arrived in London, where she is set to bear witness to the full pomp and pageantry of the coronation of King Charles III and Queen Consort Camilla, leading the US delegation to this weekend’s highly anticipated events. President Joe Biden spoke by phone last month with King Charles, congratulating him on his coronation as he reaffirmed the strong ties between the UK and US. As reports surfaced that President Biden would not attend the coronation, despite the expected presence of dozens of world leaders, US officials downplayed the possibility and noted that no previous US president has attended a British monarch’s coronation. The president told the king that the first lady would be attending the coronation, but made clear in the call that he plans to meet with King Charles in the future. “We really talked about the woman, and who she was, and what she meant really to the whole world,” Biden said, adding that she noted to King Charles the human toll of grief.

☆ British, Irish PMs open to Good Friday Agreement reforms when time right
▼ + stars: | 2023-04-19 | by ( Amanda Ferguson | ) www.reuters.com time to read: +2 min

REUTERS/Clodagh KilcoyneBELFAST, April 19 (Reuters) - The Irish and British prime ministers said on Wednesday that they were open to considering reforming Northern Ireland's Good Friday peace accord, but that any debate could only happen when the powersharing government underpinning it was restored. That, coupled with the rise of the Alliance party, which identifies as neither nationalist or unionist, has sparked calls for an overhaul of a political architecture that the largest unionist party, the DUP, has boycotted for more than a year. "I think it's the shared view of the British and Irish government that there is a conversation that needs to happen about reforming the Good Friday Agreement. No agreement should be set in stone forever," Varadkar told reporters after an event to mark 25 years of the peace accord. "I urge you to work with us to get Stormont (Northern Ireland's assembly) up and running again," Sunak told unionist politicians.

☆ British government publishes PM Sunak and other ministers' interests
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 19 (Reuters) - Britain's government on Wednesday published an updated list of ministers' interests, including an outline of the affairs of Prime Minister Rishi Sunak, who is under investigation over whether he properly declared his wife's shareholdings. The prime minister's spokesperson said on Monday that Sunak's wife's shareholding in Koru Kids had been transparently declared, and opposition parties called for Sunak to publish an updated list of ministerial interests to improve transparency. The list of ministerial interests said that Sunak's own financial interests were handled through a "blind trust/blind management arrangement." Sunak and Murthy are the richest ever occupants of 10 Downing Street. She subsequently gave up the status and said she would pay British tax on her global income.

☆ The company that pays Akshata Murthy, wife of British PM Rishi Sunak, £11.5 million a year is still operating in Russia, report says
▼ + stars: | 2022-11-05 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Infosys, founded by Rishi Sunak's father-in-law, is still operating in Russia, The Guardian reported. The IT firm still has staff in Moscow and is paying two subcontractors, per the report. Infosys, which pays the PM's wife £11.5 million in dividends, said it would leave Russia in March. A spokesperson told The Guardian that it was seeking to end the arrangement and had taken measures to "suspend its operations in Russia". A Downing Street spokesperson told The Guardian: "Neither Akshata Murty nor any members of her family have any involvement in the operational decisions of the company."

☆ Rishi Sunak is worth almost $850 million, making him Britain's richest prime minister. Here's why that could be a big problem.
▼ + stars: | 2022-10-30 | by ( Ryan Hogg | Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

UK Prime Minister Rishi Sunak is worth about $850 million according to the Sunday Times Rich List. With wealth that rivals King Charles III, the former finance minister is the richest UK leader ever. The 42-year-old former chancellor (finance minister) has a net worth of £730 million ($847 million) according to the Sunday Times Rich List, and was ranked 222nd in May. Queen Elizabeth II was estimated to be worth about $440 million before her death, according to the Sunday Times. The ex-finance minister has a 19th century, Grade II-listed mansion in Yorkshire as well as a London home worth millions.

☆ Britain's new PM is almost a billionaire — with a net worth twice that of King Charles
▼ + stars: | 2022-10-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Rishi Sunak and his wife Akshata Murty have an estimated combined wealth of £730 million ($800 million). Dan Kitwood | Getty Images News | Getty ImagesLONDON — Britain's new Prime Minister Rishi Sunak made history as the country's first leader of color and its youngest in recent centuries, taking office aged just 42. He also breaks the record for being the wealthiest-ever occupant of Downing Street — with a fortune estimated to exceed that of King Charles III. A net worth of $844 millionTogether, the couple has an estimated fortune of £730 million ($844 million), according to the Sunday Times Rich List. King Charles III welcomes Rishi Sunak during an audience at Buckingham Palace, London, where he invited the newly elected leader of the Conservative Party to become Prime Minister and form a new government.

☆ What do Indians think about Rishi Sunak’s rise? Like UK-India relations, it’s complicated
▼ + stars: | 2022-10-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +13 min

Now, an Indian-origin man has become the Prime Minister of England,” a Zee News anchor said. Leon Neal/Getty Images Sunak and Boris Johnson watch as a sheep is sheared during a visit to a farm in North Yorkshire, England, in July 2019. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022. Indian Prime Minister Narendra Modi suggested as much in a tweet welcoming Sunak’s appointment.

☆ Indians revel in Rishi Sunak’s rise to the U.K.’s top job
▼ + stars: | 2022-10-25 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +4 min

Narendra Modi, the prime minister of majority Hindu India, quickly congratulated Sunak. “Special Diwali wishes to the ‘living bridge’ of UK Indians, as we transform our historic ties into a modern partnership,” he tweeted. “The reaction is of admiration, aspiration that they could get to a similar position and happiness that one of their own has got the position,” Dogra said of the worldwide reaction among Hindus. Pedestrians walk past paintings of Britain's Prime Minister Rishi Sunak in Mumbai on Tuesday. Sunak visited different temples in London and was seen participating in a cow ritual during his losing campaign for prime minister against Liz Truss in August.

☆ UK's Rishi Sunak becomes richest ever occupant of Number 10
▼ + stars: | 2022-10-25 | by ( Alistair Smout | ) www.reuters.com time to read: +5 min

The wealth of Sunak's family puts him above the previous richest prime minister, who according to the Guineas Book of World Records was Edward Stanley. "Rishi Sunak's words will do nothing to reassure struggling people worried sick about the winter ahead," leader of the pro-EU Liberal Democrats Ed Davey said, calling Sunak "out-of touch". The couple faced criticism and public anger in April over Murthy's "non-domiciled" tax status which meant she did not pay tax in Britain on her earnings abroad. "This is the same Rishi Sunak who as Chancellor failed to grow the economy, failed to get a grip on inflation, and failed to help families with the Tory cost of living crisis," Labour deputy leader Angela Rayner said in statement on Monday. "And it's the same Rishi Sunak whose family avoided paying tax in this country before he put up taxes on everyone else."

☆ New UK PM Rishi Sunak is a child of privilege, married into almost $1 billion in tech money, and takes over a country struggling to afford heating
▼ + stars: | 2022-10-25 | by ( Mia Jankowicz | Yoonji Han | ) www.businessinsider.com time to read: +8 min

Rishi Sunak will soon become the new prime minister of the UK. It's a union that made Sunak the first frontline UK politician to enter The Sunday Times' annual wealth listing. Sunak and his wife, Akshata Murthy, celebrating the British Asian Trust at the British Museum on February 2022. But despite his attempts to portray a down-to-earth image, the British public has had numerous reminders that Sunak has a very different experience with money than most people. His supporters, including British chancellor Jeremy Hunt, argue that Sunak's experience in finance and at the treasury make him the right man for the job.

☆ Akshata Murty: Rishi Sunak’s wife is a software heiress who’s richer than royalty
▼ + stars: | 2022-10-25 | by ( Tara John | ) edition.cnn.com time to read: +6 min

And thanks largely to his wife Murty, Sunak will be one of the richest people to reach the top of the political establishment. Murty has a 0.93% stake in her father’s Indian software company, Infosys, worth approximately $715 million. Even Queen Elizabeth wasn’t as rich – the Sunday Times put the late monarch’s net worth at £370 million (about $420 million) before she died. In April, it was reported that Murty enjoyed a tax status in the UK that meant she could legally avoid to pay taxes on her foreign earnings. “I understand and appreciate the British sense of fairness and I do not wish my tax status to be a distraction for my husband or to affect my family.

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