Rishi Sunak’s tenure as prime minister of the United Kingdom began on 25 October 2022 when he accepted an invitation from King Charles III to form a government, succeeding Liz Truss. He is the first British Asian and Hindu to hold the office of prime minister. This is also the first government to be formed under King Charles III. Sunak assumed office amid the Russian invasion of Ukraine and the cost of living crisis, which began during his former position as chancellor of the exchequer under Boris Johnson. His premiership has been dominated by the cost of living crisis and industrial disputes.
An Infosys investment by the rich couple has long been their most prized asset.
Rishi Sunak is entitled to an annual salary of roughly 165,000 pounds (₹1.72 crores) as the prime minister of Great Britain.
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This time, British Prime Minister Rishi Sunka and his wife Akshata Murty’s riches have suffered significantly. The extremely wealthy couple has lost GBP 201 million (about Rs. 2072 crore) during the last 12 months. Due to a decline in Infosys stock, the power couple, who are related to Indian business mogul Narayana Murthy and philanthropist Sudha Murty, has lost billions of dollars in fortune.
Infosys was founded by Narayana Murthy, whose daughter Akshata and son-in-law Sunak. The most valuable asset owned by the rich couple has long been their stake in Infosys.
The Sunday Times Rich List placed UK Prime Minister Sunak and his wife Murty in the 222nd spot the previous year. However, this wealthy couple’s ranking has fallen to 227 this year as a result of the 20% decline in Infosys shares over the last year.
Sunak and Murty debuted on The Sunday Times Rich List the previous year. Their shareholding had a value of around GBP 690 million at the time. The couple’s fortune fell to GBP 529 million this year, which they mostly blame on the IT company Infosys.
Notably, Sunak is the richest person to ever occupy 10 Downing Street, and because of this, opposition politicians frequently criticize him for being disconnected from the everyday people at a time when the cost of living problem is making many Britons poorer.
He is entitled to an annual salary of roughly 165,000 pounds ($208,246) as the prime minister of Great Britain. His fortune was estimated by the Rich List to be about 730 million pounds in 2017, before declining to 529 million in 2023.
Wealthy NRIs in the UK:
Another pair of Indian-born brothers, David and Simon Reuben, is rated fourth in the “Sunday Times Rich List” for 2023, with an estimated wealth of GBP 24.399 billion.
Lakshmi N. Mittal, an NRI and owner of the ArcelorMittal steelworks, is ranked No. 6 with GBP 16 billion, down GBP 1 billion from the previous year. Anil Agarwal, an industrialist with Vedanta Resources, is ranked No. 22 with an estimated GBP 8 billion.
Other Indian-origin billionaires on the 2023 list include textiles entrepreneur Prakash Lohia at No. 33 with an estimated GBP 5.846 billion; retail majors Mohsin and Zuber Issa at No. 40 with GBP 5.05 billion; and pharma chiefs Navin and Varsha Engineer at 61 with GBP 2.8 billion.
Also in the top 100 are leading NRI industrialists, Lord Swraj Paul and family, ranked 68th with an estimated GBP 2.6 billion, and Simon, Bobby, and Robin Arora at 71 with GBP 2.532 billion.
A new British Indian entry to this year’s Rich List is fashion industrialist Sunder Genomal, ranked 78th with a fortune estimated at GBP 2.276 billion, with hoteliers Jasminder Singh and family – regulars on the tally – coming in at 89 with GBP 1.904 billion.
Other Indian-born billionaires on the 2023 list include retail titans Mohsin and Zuber Issa at No. 40 with GBP 5.05 billion, textiles entrepreneur Prakash Lohia at No. 33 with an estimated GBP 5.846 billion, and pharmaceutical leaders Navin and Varsha Engineer at No. 61 with GBP 2.8 billion.
Leading NRI industrialists Simon, Bobby, and Robin Arora, ranked 71 with GBP 2.532 billion, and Lord Swraj Paul and family, rated 68 with an estimated GBP 2.6 billion, are also included in the top 100.
Fashion businessman Sunder Genomal, who is a newcomer to the Rich List this year, is rated 78th with a wealth estimated to be worth GBP 2.276 billion. Hoteliers Jasminder Singh and family, who have previously appeared on the list, are ranked 89th with GBP 1.904 billion.
King Charles III joins the list as the new British king, surpassing his late mother Queen Elizabeth II’s wealth, which was projected to be worth GBP 370 million at the time of her passing in 2022, with an estimated fortune of GBP 600 million.
