Among the wealthiest people in the UK, Rishi Sunak: His financial situation and source of income
Rishi Sunak has already drawn a lot of attention for his personal wealth and is expected to vie for the position of British prime minister a second time this year. This year’s Sunday Times Rich list estimated Rishi Sunak and his wife Akshata Murty’s combined fortune at £730 million, placing them 222 out of the UK’s wealthiest 250 individuals.
According to sources, Sunak is the wealthiest member of the House of Commons, and his wife Akshata reportedly has assets worth £430 million, making her richer than Britain’s Queen Elizabeth II.
Property worth £15 million
Two of the Sunak and Murty’s properties are in London, one is in Yorkshire, and one is in Los Angeles.
The Kensington five-bedroom home is reportedly worth £7 million on its own. Additionally, the four-story mansion features a private garden. The extended family reportedly lives at another house in London’s Old Brompton Road when they come to visit.
The couple owns a Grade-II listed Georgian mansion with an ornamental lake on 12 acres in Yorkshire.
The California penthouse, meanwhile, has a view of the beach where Baywatch was photographed.
As the Labour party urged him to be more open about the loans he used to fuel his enterprises, their financial situation came under examination. According to The Guardian, Rishi was compelled to provide specifics of how he handled his family’s inheritance, which is estimated to be worth £730 million.
How does Sunak make money?
When he served as Chancellor, Rishi Sunak received a salary of £151,649, and if he prevails in the leadership race, he will be paid considerably more.
Sunak worked as a partner at two extremely successful hedge funds before going into politics, and he also worked as an analyst for Goldman Sachs from 2001 to 2004. In his mid-20s, Sunak was a multi-millionaire, according to The Times.
He also ran into difficulties earlier this year when the Independent newspaper asserted that Akshata, who is still an Indian national, did not have a UK address and was not subject to UK taxation. In fact, she is able to avoid paying about £20 million in taxes on dividends from her shares in Infosys thanks to her domicile status. While he was running for the same position earlier this year, this immediately damaged his reputation.
Additionally, detractors have used his opulent residences and wardrobe to portray him as being cut off from the average public.