Rishi Sunak, Akshata Murty's combined fortune double of King Charles III
Darpan News Desk IANS, 25 Oct, 2022 01:56 PM
London, Oct 25 (IANS) Rishi Sunak, who will on Tuesday become the UKs 57th Prime Minister, is richer than King Charles III and, at 42, younger than every predecessor except William Pitt the Younger, the media reported.
Sunak will also be the UK's first ever person of colour to lead the country, and first Hindu Prime Minister, The Guardian reported.
He was born in Southampton in 1980 to Indian parents who had moved to the UK from east Africa. His father was a general practioner and his mother ran her own pharmacy.
The eldest of three children, Sunak was educated at a private boarding school, Winchester College, which costs 43,335 pounds a year to attend. He was head boy, and has in recent years made multiple donations to the school.
Sunak went on to study politics, philosophy and economics at the University of Oxford. He was awarded a first-class degree. He later gained an MBA at Stanford University, where he met Akshata Murty, his future wife, but where few others remember him, The Guardian reported.
Murty, 42, is the daughter of the Indian billionaire NR Narayana Murthy, often described as the Bill Gates of India, who founded the software company Infosys.
According to reports, his daughter has a 0.91 per cent stake in the company, worth about 700 million pounds.
The couple married in her home town of Bengaluru in a two-day ceremony in 2009 attended by 1,000 guests. They have two daughters, Krishna and Anoushka.
In April this year, it emerged that Murty was a non-domiciled UK resident, meaning she avoided UK taxes on her international earnings in return for paying an annual charge of 30,000 pounds.
Without that non-dom status she could have been liable for more than 20 million pounds of UK taxes on these windfalls, it was reported.
After a public outcry, her spokesperson announced she would start paying UK taxes on her overseas earnings to relieve political pressure on her husband, The Guardian reported.
Still, Sunak and Murty's combined fortune is estimated to be 730 million pounds, double the estimated 300 million-350 million pounds wealth of King Charles III and Camilla, Queen Consort.
They own four properties spread across the world and valued at more than 15 million pounds, The Guardian reported.
With a population of more than 4.5 million, Indian-Americans make up 1.4% of the US population and are the largest group of South Asian-Americans. Biden, along with First Lady Jill Biden and Vice President Kamala Harris, thanked the South Asian community across America for their optimism, courage, and empathy.
Fashion Designer Prabal Gurung was one of the hosts of Diwali New York, a glitzy soiree held Saturday at The Pierre, fittingly a Taj Hotel. The party, now in its third year, highlights Diwali by bringing together high-powered South Asians with other New York luminaries — people who “the world saw as leaders and role models,” said host Anita Chatterjee, CEO of A-Game Public Relations.
Foreign Office spokesman Asim Iftikhar said Pakistan's High Commission in Kenya were ascertaining information from the authorities, Dawn news reported. Condolences poured in from politicians and colleagues on the journalist's death.
It was another former Prime Minister Boris Johnson who gave Sunak his first major government role when he first appointed him as the Chief Secretary to the Treasury in 2019, and as the Chancellor in 2020. Sunak won popularity during the early weeks of the pandemic when he unveiled an extensive support plan for those unable to work during lockdown.
Diwali will be a public school holiday in New York City starting next year, Mayor Eric Adams announced at a press conference on Thursday with state assembly woman Jenifer Rajkumar. They were joined by Department of Education chancellor David Banks. The announcement comes two days before the festival of lights, which falls on October 24.
In effect, Britain will have an incredible and unprecedented third Prime Minister in three and a half months. Truss added she had agreed with Sir Graham Brady, chairman of the 1922 Committee - the body that conducts internal elections in the Conservative party - that the leadership election will be completed within a week.
