Akshata Murthy: Amazing Facts about UK PM, Rishi’s billionaire Wife, Richer than the British Royals

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Sunak Rishi’s wife: Everything you need to know about billionaire ‘first lady’

The Conservative Party leadership race has been won by , but what do we know about the incoming prime minister’s wife?

 

Assuming the position after fellow Tory candidate Penny Mordaunt fell short of the requisite 100 votes to advance, 42-year-old Sunak has become the first Asian prime minister of the and the youngest in 200 years.

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Read Also: , wife, Education, Religion and Net Worth

Who is ?

, Rishi’s wife, assumes the job, becoming the new “First Lady” of 10 Downing Street.

Akshata, a 42-year-old fashion designer who wed Sunak in Bengaluru, India, in 2009, and their two daughters Krishna and Anoushka would be relocating to the renowned street.

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The daughter of Murthy is accustomed to making headlines, made headlines earlier this year when it emerged that she had kept her non-domicile status and avoided paying significant taxes on a personal business.

Also Read: : 18 Amazing Facts You Should Know About The New Prime Minister

Her “non-dom” tax status, which is estimated to be worth £200 million, exempted her from paying taxes on money generated abroad.

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By paying £30,000 to maintain the status, Murthy was able to avoid paying taxes on the approximately £11.5 million in annual dividends from her ownership stake in her father’s business.

Who is Akshata Murthy’s Father

Her father is the founder of the technology company Infosys and a self-described $4.5 billion Indian billionaire, N.R. Narayana Murthy.

Murthy’s daughter currently owns 1% of the company, with the position estimated to be valued close to £700 million.

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The family is also participating in a £900 million joint venture with Amazon in India.

How Akshata Murthy met Rishi Sunak 

Rishi Sunak and his wife Akshata Murthy

After completing her studies in economics and French at Claremont McKenna College in California, Murthy moved to Los Angeles to pursue her studies in fashion design and merchandising. Shee later earned an MBA from Stanford.

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She met Sunak there, who was doing classes in the US on a coveted Fulbright grant. Four years later, the couple were married.

Akshata Murthy Business Life

In 2007, she started her own business, Akshata Designs, but it failed very quickly.

The current PM gave her his shares of Catamaran Ventures UK, a company they later founded in London, before he was elected to the House of Representatives in 2015.

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Ms. Murty, a businesswoman with many hats to wear, owns one venture capital firm based in the UK and serves as a director or direct shareholder for at least five other UK firms, including Jamie Oliver’s pizza restaurants.

Where the Akshata Murthy and Rishi Sunak would live now that Rishi Sunak is PM

When Rishi was Chancellor, the couple moved into number 10, but will now return to number 11, which is a larger apartment than number 10 and was once the Prime Minister’s favoured residence.

The family owns several homes, including a manor estate in North Yorkshire, a mansion in Santa Monica, California, and a five-bedroom townhouse in downtown London.

Parties hosted by the family have reportedly featured feasts of roast deer, canapés, and champagne, making invitations a sought-after event.

With a combined wealth of £730 million, the couple will make their first appearance on the Sunday Times rich list in May 2022, making Sunak the first politician to do so since the list’s inception in 1989.

Are Akshata Murthy and Rishi Sunak richer than the British Royals 

Rishi Sunak, Akshata Murthy and the British Royals - King Charles III and Queen Consort

According to the Sunday Times 2022 Rich List, Rishi Sunak, who will succeed Theresa May as Prime Minister of the United Kingdom, and his wife Akshata Murty are thought to be worth an estimated $845.5 million. They were listed as being among Britain’s 222 richest persons.

The same list estimated Queen Elizabeth II’s wealth to be $418.5 million before to her passing.

The combined wealth of III and Camilla, Queen Consort is reportedly between $339 million and $396 million.

 

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