Rishi Sunak Net Worth 2024: Income, Salary, Career, Biography

Rishi Sunak is a British politician of Indian origin who has a net worth of £200 million. Sunak has been Chancellor of the Exchequer since February 2020, a former hedge fund manager and rated the wealthiest serving MP.

He was Minister of Finance from 2019 to 2020 and is a member of the Conservative Party. Since 2015 he has represented Richmond in North Yorkshire as a Member of Parliament.

Rishi Sunak Net Worth (2024)

Net value: 200 million pounds
Job: Prime minister
Year old: 44 years old
Nation: UK
Born: May 12, 1980
Salary and income: 30 million USD
Latest updates: 2024

Rishi Sunak’s net worth growth

Net worth in 2024 200 million pounds
Net worth in 2023 180 million pounds
Net worth in 2022 150 million pounds
Net worth in 2021 130 million pounds
Net worth 2020 100 million pounds

Early life and education

Sunak was born in Southampton on 12 May 1980, to an Indian father, Yashvir, a medical doctor, and an English mother, Usha, a pharmacist who owned a pharmacy near her home. His father Yashvir was born and raised in the Colony and Protectorate of Kenya, while Usha was born in Tanganyika (which later became part of Tanzania).

In the 1960s, his grandparents and their children moved to the UK from East Africa. Sunak worked as a waiter at a curry house in Southampton during the summer holidays as a teenager. He received his first degree at Lincoln College, Oxford, where he studied Politics, Philosophy and Economics.

He worked as an intern at Conservative Campaign Headquarters throughout his tenure at the organization. He earned an MBA from Stanford University in 2006 while a Fulbright graduate student.

Career in business

From 2001 to 2004, Sunak worked as an analyst at Goldman Sachs. He then moved to hedge fund firm The Children’s Investment Fund Management, where he rose through the ranks and became a partner in 2006.

Before leaving in 2009 to meet up with former colleagues at Theleme Partners, a new hedge fund founded in 2016 with $700 million under management. In addition, he is also the director of his father-in-law’s investment company, Catamaran Ventures.

Career

In 2014, he joined the Conservative Party and in 2015, he won the Richmond (Yorks) seat previously held by former Conservative Party leader Lord William Hague. In 2017, Mr. Sunak was also re-elected.

At the time, he was very popular in his constituency, winning by more than 27,000 votes. George Sunak, the Chancellor of the Exchequer, backs Theresa May’s Brexit withdrawal deal and backs Boris Johnson’s mandate to lead the Conservative Party.

After Sajid Javid resigned in 2020, he took over as Prime Minister and has held the position since then. Perhaps his most notable decisions since becoming Prime Minister in 2020 was the announcement of a furlough scheme.

He also backed the Job Retention Scheme and Eat Out To Help Out, which have played a key role in the government’s response to the economic impact of the COVID-19 pandemic in the UK.

A tax reform deal was agreed in 2017 at the G7 meeting in London, chaired by Sunak, with the goal of establishing a worldwide minimum tax rate for multinationals and technology companies. online.

The OECD has reached an agreement to join proposals for tax reform in 2021. Sunak presents his third budget for 2021. It includes significant investment commitments, the majority of which are dedicated to science and education.

He slashed petrol duty, scrapped VAT on energy-saving appliances and cut national insurance payments for small businesses. The tax burden will be the largest since the 1940s.

Rishi Sunak also introduced some support to help those struggling to cope with the rising costs of living, which most powerful figures said was insufficient but which he continued to provide.

Rishi Sunak Net Worth and Income

Personal life

Sunak met Akshata Murthy, his future wife, daughter of NR Narayana Murthy, the Indian billionaire businessman who founded Infosys while studying at Stanford. The couple has two daughters, Krishna and Anoushka.

Akshata, Sunak’s wife, works as a director at Catamaran Ventures, her father’s investment company, and also runs a fashion brand she built herself. She owns Catamaran shares worth £430 million, making her the richest woman in Britain.

Sunak is an abstainer who, since 2017, has accepted the Bhagavad Gita as part of his annual parliamentary oath. Sunak’s brother Sanjay is a psychotherapist, and his sister Raakhi works for the Foreign, Commonwealth and Development Office.

He was a governor of the East London School of Science, and he and his wife lived in North Yorkshire. They also own homes in Kensington, London, on London’s Old Brompton Road and in Santa Monica, California.

Rishi Sunak was punished over his wife Akshata Murthy’s financial ties to the Russian-owned IT company Infosys, which has maintained a foothold in Russia since the invasion of Ukraine.

His wife, Akshata Murthy, does not have resident status, meaning she is exempt from taxes on money earned outside India. This business has ties to Russia and president Vladimir Putin, who is close to the Kremlin.

About

Name Rishi Sunak
Net value 200 million pounds
Year old 44 years old
Height (1.73m)
Weight 80kg (approx.)
Job Fund manager
Date of birth May 12, 1980
Place of birth USA
Nationality American
Income 30-40 million USD
Couple Akshata Murthy

“I will unite our country not with words but with actions. I will work day in and day out to deliver.”

Rishi Sunak

Rishi Sunak social media profile

Summary

As of 2024, Rishi Sunak’s net worth is estimated to be £200 million. Sunak is often considered the wealthiest member of the House of Commons. He previously worked as a banker and was married to Akshata Murty, daughter of NR Narayana Murthy.

He is an Indian billionaire businessman and founder of Infosys. He is believed to be the owner of at least four properties. Sunak worked for Goldman Sachs in New York before moving into hedge fund management.

He then founded Theleme Partners in 2010. After being appointed Chief Secretary to the Treasury by former Chancellor Sajid Javid in 2019, he set up a blind trust that is said to hold a fortune worth millions of pounds.

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