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.
Penny Mordaunt, a former Defence Secretary, came second with 67 votes. Third was Liz Truss, Foreign Secretary, securing 50 votes. Attorney General Suella Fernandes Braverman, who is of Goan Indian descent, scraped through with 32 votes.
La Habra is a city in the northwestern corner of Orange County. The La Habra Police Department said in a press release that their officers responded at about 4:55 a.m. to a robbery at a 7-Eleven store, Xinhua news agency reported.
The former Chancellor again batted away calls for tax cuts before inflation is under control, saying "we need to have a grown up conversation". At the event in Westminster, he also heaped praise on Boris Johnson, describing him as "one of the most remarkable people I have ever met" who has a "good heart" - but it was "not working" any more.
The vacancy was created when the incumbent Boris Johnson lost the confidence of his party MPs after a series of scandals, and resigned on Thursday. 11 candidate have since thrown their hats into the ring. Among them, Sunak, who chancellor of the exchequer before he resigned last Tuesday, and Suella Fernandes Braverman, who is of Goan descent and is still serving as caretaker attorney general.
Balwani faced 10 counts of wire fraud and two counts of conspiracy to commit wire fraud. After a three-month trial, a jury has found him guilty of all 12 counts. He now faces up to 20 years in prison for each count, The Verge reported late on Thursday.
But the public liking for him was dented when this year he introduced taxes to reduce the government's heavy borrowings. This was followed by controversy over his wife avoiding paying taxes in Britain and instead doing so at a lower rate in India from her dividends from shares in Infosys, the Bangalore-based software giant founded by her father N.R. Narayana Murthy.
