Rishi Sunak has been the Chancellor of the Exchequer since February 2020. He is a British politician who used to run a hedge fund and is thought to be worth about £200 million. Sunak is thought to be the richest MP who is still in office. He is a member of the Conservative Party and was Chief Secretary to the Treasury from 2019 to 2020. Since 2015, he has been the MP for Richmond, which is in North Yorkshire.
Rishi Sunak Net Worth
| Net Worth: | £200 Million |
| Profession: | Fund Manager |
| Age: | 42 Years Old |
| Country: | United Kingdom |
| Born: | 12 May 1980 |
| Salary and Income: | $30 Million |
| Last Updated: | 2022 |
Early Life and Education
Sunak was born in Southampton, England, on May 12, 1980. His father, Yashvir, was an Indian doctor, and his mother, Usha, was a British pharmacist who ran a local pharmacy. His father, Yashvir, was born and raised in Kenya. His mother, Usha, was born in Tanganyika (which later became part of Tanzania). In the 1960s, his grandparents and their children moved from East Africa to the United Kingdom.
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As a teen, Sunak worked as a waiter in a curry house in Southampton during his summer breaks. He got a first in Politics, Philosophy, and Economics at Oxford’s Lincoln College, where he also got a first. During his time at the Conservative Campaign Headquarters, he worked there as an intern. In 2006, while he was a Fulbright fellow, he got an MBA from Stanford University.
Career
In 2014, he joined the Conservative Party, and in 2015, he won the seat that Lord William Hague had held in Richmond (Yorks). Mr. Sunak was also chosen again in 2017. At the time, he was very well-liked in his district, which is why he won with more than 27,000 votes.
The Chancellor of the Exchequer, George Sunak, backed Theresa May’s Brexit withdrawal agreement and Boris Johnson’s bid to become the leader of the Conservative Party.
After Sajid Javid quit as Chancellor in 2020, he took over the job and has held it ever since. Since he became Chancellor in 2020, some of his most important decisions have been putting in place the furlough scheme, the Job Retention Scheme, and the Eat Out To Help Out scheme. These have all been important parts of the government’s response to the economic effects of the COVID-19 pandemic in the UK.
At the G7 meeting in London in 2017, hosted by Sunak, a deal was reached on tax reform. The goal was to set up a worldwide minimum tax on multinationals and online tech companies. The OECD reached a deal to join the plan to change taxes in 2021.
In 2021, Sunak made his third budget. It included a lot of promises to spend money, most of which went to science and education. He cut taxes on gas, got rid of VAT on energy-saving devices, and cut national insurance payments for small businesses. This would be the first time since the 1940s that taxes have been this high. Sunak also gave some money to help poor people deal with rising living costs, which most powerful people thought wasn’t enough.
Personal Life
While he was a student at Stanford, Sunak met Akshata Murthy, who would become his wife. She is the daughter of N. R. Narayana Murthy, the Indian billionaire entrepreneur who started Infosys. Krishna and Anoushka are their daughters. Sunak’s wife, Akshata, is a director at Catamaran Ventures, which is her father’s investment firm. She also runs her fashion brand, which she made herself. She owns Catamaran shares worth £430 million, which makes her one of the richest women in Britain.
Sunak is a nondrinker who has taken the Bhagavad Gita as part of his parliamentary oath every year since 2017. Sunak’s brother, Sanjay, is a therapist, and his sister, Raakhi, is the Head of Humanitarian, Peacebuilding, UN Funds & Programmes at the Foreign, Commonwealth, and Development Office.
He used to be a governor at the East London Science School. He lives in North Yorkshire with his wife. They also own homes in the London neighborhoods of Kensington and Old Brompton Road, as well as in Santa Monica, California.
Sunak has been criticized because his wife has financial ties to the Russian IT company Infosys, which has stayed in Russia even though Ukraine invaded it. His wife, Akshata Murthy, doesn’t live in India, so she doesn’t have to pay taxes on the money she makes outside of India. The business has ties to Russia and to Vladimir Putin, the president of Russia, who is close to the Kremlin.
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