The Stanford Graduate School of Business admissions officer who authorized Rishi Sunak’s admission in 2006 was unsurprised that this offspring of middle-class immigrants would become the United Kingdom’s first prime minister of color. On Monday, Sunak, 42, became the leader of the British government.
After Liz Truss announced her retirement from the government last week after a contentious 45 days in office, he swept the contest for the position of leader of the Conservative Party. In a country that is becoming more ethnically diverse and is famed for its colonial past, he becomes the inaugural person of Indian ancestry and the first Hindu to hold the position of prime minister.
How Rich Is Rishi Sunak?
In addition, he becomes the country’s youngest prime minister in more than two centuries. The Stanford community knew Sunak for his diligence, “unfailing kindness,” and “strong sense of self. He obtained his undergraduate degree from Oxford and attended Stanford on a Fulbright grant.
Sunak, a Yorkshire-based Conservative MP who aggressively supported Brexit and was appointed by Boris Johnson to be Chancellor of the Exchequer, or head of the Treasury, at the age of 39, shortly before the COVID-19 epidemic began, is well-known for his meteoric climb in British politics.
His popularity increased even further as he abandoned his Thatcherite, small-state ideals to distribute billions of dollars in government funds to keep citizens and companies viable during the pandemic.
|Full Name||Rishi Sunak|
|Born||12 May 1980|
- Yashvir and Usha Sunak, Hindus of Indian origin born in Africa, welcomed Sunak into the world on May 12, 1980, in Southampton, Hampshire.
- Usha was a pharmacist who oversaw a neighborhood drugstore, and Yashvir was a primary care physician.
- Sunak attended the prep school Stroud School in Romsey and the boys’ private boarding school Winchester College, where he reigned as perfect.
- In Southampton, he worked as a waiter at a curry restaurant throughout the summer.
- Sunak earned a first-class degree in 2001 after studying Philosophy, Politics, and Economics (PPE) at Lincoln College in Oxford.
- Sunak was an intern at the Conservative Campaign Headquarters as a student.
- At Stanford University, where Sunak studied as a Fulbright fellow, he earned an MBA in 2006.
Rishi Sunak Sources of income
Sunak previously worked for the US financial bank Goldman Sachs before entering politics and running for the Tory leadership. He later transitioned into managing hedge funds, and in 2010 he founded his own company, Theleme Partners. According to his constituency profile, he co-founded a sizable investment firm and worked with businesses from Silicon Valley to Bangalore during his successful business career.
Following his appointment by former Chancellor Sajid Javid as chief secretary to the Treasury in 2019, he registered a blind trust. The trust is thought to be worth millions of pounds. Reports claim that Sunak also profited from his venture funding.
Akshata, Sunak’s wife, is a businesswoman in the fashion industry who owns a venture capital firm with offices in the UK. She runs Akshata Designs. The company that invests in venture capital is known as Catamaran Ventures UK Ltd. Before he became an MP, Sunak sold all of his shares in the company and gave them to his wife.
Rishi Sunak Net Worth
Because of his profession as a banker, Rishi Sunak has consistently ranked first on the MP rich list. Sunak was named to the Sunday Times rich list, which lists the wealthiest persons in the United Kingdom, earlier this year.
He is now the only frontline politician to be listed in the yearly rating since it began in 1989, according to the Guardian. He and his wife are listed as having a combined net worth of £730 million, with “technology and hedge fund” listed as their major sources of wealth.
Rishi Sunak is $200 million wealthier than King Charles, albeit with his current slightly inflated net worth of $800 million. Sunak makes a base salary of £84,144 as Richmond’s representative.
Sunak reportedly has a portfolio of four properties worth more than £15 million spread across the globe, according to The Guardian. Sunak received an additional £79,936 for his new position as prime minister on Monday, October 24, 2022, raising his base pay to £164,080.
Rishi Sunak Houses
Around the world, Rishi Sunak and Akshata Murty are thought to own property valued at around $20 million. The couple’s primary residence is a 5-bedroom mansion in Kensington, West London. It is worth $10 million only to own this property.
On the weekends, they take refuge at Kirby Sigston Manor, a rural estate. The manor is a grade II National Historic manor established in 1826 and is situated in North Yorkshire, England. In 2015, the family paid 1.5 million pounds to purchase the manor.
They spent an additional £400,000 after purchasing the house to transform some of it into a wellness resort with a contemporary pool, spa, and gym. According to reports, they spend almost $20,000 a year only to heat the 50-by-16-foot pool.
Rishi Sunak Cars
Instead of the modest family hatchback Rishi Sunak has acknowledged owning, he has four vehicles. The rich CChancellorstated that his family travels about London in a Volkswagen Golf they know to own. The top Tory keeps four cars at his houses worldwide, but this one is the least expensive.
According to sources, Mr. Sunak also owns a high-end Range Rover, which starts at £94,000 when new and is used at his opulent North Yorkshire constituency house.
They stated that he also keeps two additional automobiles at his opulent Santa Monica home, including a top-of-the-line Lexus and a BMW. While a new BMW starts at £30,000 and may cost well over six figures for full versions, a new Lexus can cost anywhere from £50,000 to £80,000.
Rishi Sunak Charity
Sunak has gotten involved in charity activities in addition to his successful and well-paying career. All homes will receive a £400 grant as part of Rishi Sunak’s new cost-of-living package, and he has asked those who don’t need it to contribute the money to charity.
The chancellor declared that he would donate his award to charity and asked that, if they felt they did not need the money, others would join him in doing the same. He also supports the LGBTQIA+ community, so that’s another plus.
In 2022, in response to a question concerning transphobia in his party, Sunak stated that he desired the UK to become the safest and best place on the planet to be LGBT+ and that “bigotry towards trans people is immoral.”