Rishi Sunak, when he succeeded Liz Truss as Prime Minister, was the youngest person to hold the position in modern British history. In addition, he was the first of non-white descent in the country and the wealthiest without notice.
When Rishi Sunak moved to No. 10 Downing Street, he and his wife, Akshata Murthy, had a fortune of £730 million, roughly SEK 9.5 billion. A wealth not even approached by the king of the country. The assets of King Charles III and Queen Camilla are estimated at 370 million pounds sterling, which is about 4 billion Swedish kronor.
But something happened within a year. In just 12 months, Sunak and Murthy have lost more than £200m – that’s 2.6bn kroner. It comes as the annual Sunday Times list of Britain’s richest people was published on Friday.
The result for all days of the year reduces the prime minister’s couple’s wealth by SEK 6.6 million – per day.
The father-in-law worked in rock music
The reason is that the couple’s most valuable asset, shares in the information technology company Infosys owned by Akshata Murthy’s father, has fallen in value. A year ago their stake – representing 0.93 per cent of the company – was worth £690m, now the holding itself is worth £481.2m.
The stock lost about a fifth of its value as investors began to worry about India’s technology sector.
Despite the decline in wealth, Sunak and his wife are still among the richest billionaires in the country. In 2021, Akshata Moorthy was able to derive £11.6m, SEK 153m, from her Infosys holdings, and the couple came under fire after it was discovered that Moorthy had tried to avoid British taxes by declaring she was mainly living in another country.
The first time that Rishi Sunak and Akshata Murthy appeared on the list was in the same year that Sunak was an adviser to Boris Johnson’s government. He then became the first known politician to appear on the list.
Number one on the list of the rich in 2023 is Gopi Hinduja and his family, who own, among other things, Gulf Oil International.
Protest against Rishi Sunak in the first century
“Falls down a lot. Internet fanatic. Proud analyst. Creator. Wannabe music lover. Introvert. Tv aficionado.”