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London, Oct 25 (IANS) <keyword id="221875" type="General" weightage="20" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword>, 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.

Rishi Sunak, Akshata Murty's combined fortune is 2x that of King Charles III

<ul><li><keyword id="1806167" type="General" weightage="100" keywordseo="murty" source="Orion">Murty</keyword> has a reported £<a href="https://www.bbc.com/news/uk-politics-61055789">700</a> million pounds stake in her father’s company, Infosys. </li><li>She has a networth of around $1.3 billion, according to Bloomberg. </li><li>Apart from being a fashion designer, she is the director of Digme Fitness and owns shares in Wendy’s India and Jamie Oliver restaurants. </li><li>Murty was surrounded by controversies over evading tax on foreign income from India. </li></ul>Akshata Narayana Murty was born in 1980 to a young ambitious computer engineer and a computer scientist who were finding their foot in the yet-to-evolve software market of the country. While most of her young age was spent with her paternal grandparents, it did not stop her parents — N R <keyword id="6355623" type="General" weightage="50" keywordseo="narayana-murthy" source="Orion">Narayana Murthy</keyword> and Sudha Murthy – from drawing the line in terms of parenting her and her brother both. Hence, Akshata and Rohan were one of those rare 80-born children who lived without TV and spent their time in better pursuits like reading and spending time with real people instead of TV characters. Now, even as she holds the distinction of being UK’s first Indian first lady, billionaire Akshata Murty is known for much more than that. She is a fashion designer, venture capitalist and entrepreneur. The latest title however came with its own pressures. Murty, born in India and non-domiciled in the UK, came under the spotlight after her husband <keyword id="221875" type="General" weightage="20" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword>, now the PM of UK, began his campaign. Murty comes from a family of wealth and reportedly has a £<a href="https://www.bbc.com/news/uk-politics-61055789">700</a> million pound stake in Infosys, a company her parents founded along with others. Rishi Sunak and Akshata Murty’s combined net worth is £730 million, which is reportedly more than the head of the British monarchy <a href="https://www.businessinsider.in/international/news/rishi-sunak-akshata-murtys-combined-fortune-is-2x-that-of-king-charles-iii/articleshow/95074007.cms">King Charles III</a>. Murty’s networth is $1.3 billion, according to <a href="https://www.bloomberg.com/news/articles/2022-05-30/rishi-sunak-s-wife-akshata-murty-builds-catamaran-ventures-ties-to-rich-families">Bloomberg</a>, largely due to a 0.91% stake in her father’s company Murty is one of Britain’s wealthiest businesswomen. They met at Stanford Born in Hubli in Karnataka, the daughter of N R Narayana Murthy, considered ‘father of the Indian IT sector’ and <keyword id="6355854" type="General" weightage="50" keywordseo="sudha-murty" source="Orion">Sudha Murty</keyword>, an acclaimed philanthropist and writer. Narayana Murthy is one of India’s wealthiest businessmen with a fortune of <a href="https://en.wikipedia.org/wiki/N._R._Narayana_Murthy#:~:text=As%20of%20October%202022%2C%20his,the%20world%20according%20to%20Forbes.&amp;text=Murthy%20was%20born%20and%20raised%20in%20Shidlaghatta%2C%20Karnataka.">$4.5 billion</a>. Sudha Murty is a Padma Shri awardee, considered India’s fourth highest civilian honour, and also heads Infosys’ non-profit arm Infosys Foundation. Akshata Murty attended high school in Bangalore and studied at Fashion Institute of Design &amp; Merchandising, Los Angeles. She also has a Masters degree in business administration from Stanford University. This is where she met Sunak and got married to him in Bangalore in 2009. The couple have two daughters Anoushka and Krishna. “When I met him we were 24 year old business school students, living in another country, and had no idea of where life would take us,” she tweeted in<a href="https://twitter.com/anmurty/status/1512711676709191680?t=Fbkv_a5GZg-EgAEhOtFDNQ&amp;s=08"> April</a>. ‘India remains the country of my birth, but I love UK too’ The shadow of her father’s company Infosys became heavier on her when it was reported earlier this year that the Indian IT company was still operating in Russia during the Ukraine war, despite counter claims by the company. Akshata Murty denied having any stake in the operations of the company, clarifying her position with Sky <a href="https://news.sky.com/story/rishi-sunak-calls-for-explanation-over-chancellors-wife-stake-in-company-operating-in-russia-12604359">News</a>. Another controversy which clouded the Sunak campaign was her status as a non-domiciled resident in the UK, which BBC reported gave her a way to evade £2.2 million in UK <a href="https://www.bbc.com/news/uk-politics-61055789">taxes</a>. A non-domiciled is a resident citizen who has her permanent home in another country, in this case, India. “My decision to pay UK tax on all my worldwide income will not change the fact that India remains the country of my birth, citizenship, parents’ home and place of domicile. But I love the UK too,” Murty tweeted in <a href="https://twitter.com/anmurty/status/1512711676709191680?t=Fbkv_a5GZg-EgAEhOtFDNQ&amp;s=08">April</a>. As the law states, Murty as a non-domiciled citizen in the UK is not required to pay taxes on her overseas earnings, which came to £11.6 million she got as a <a href="https://www.bbc.com/news/uk-politics-61055789">dividend</a> from her father’s company last year. Post an inquiry, Akshata agreed to pay her due taxes. She additionally pays £30,000 per year to maintain her non-domiciled <a href="https://www.bbc.com/news/uk-politics-61045825">status</a>, BBC reported. “It has become clear that many do not feel it is compatible with my husband's role as chancellor. I understand and appreciate the British sense of fairness and I do not wish my tax status to be a distraction for my husband or to affect my family,” she <a href="https://www.bbc.com/news/uk-politics-61045825">said.</a> Murty had previously started her own design label called Akshata Designs, which closed down in 2012. The next year, she became director of the family-owned venture capital firm called <a href="https://www.bloomberg.com/news/articles/2022-05-30/rishi-sunak-s-wife-akshata-murty-builds-catamaran-ventures-ties-to-rich-families">Catamaran Ventures</a>, which invested in British luxury furniture The New Craftsmen and Elon Musk’s Space Exploration Technology Corporation. She is also director at London-based Digme Fitness which is currently valued at £<a href="https://pomanda.com/company/09631514/digme-fitness-limited#:~:text=digme%20fitness%20limited%20Estimated%20Valuation&amp;text=Pomanda%20estimates%20the%20enterprise%20value,multiple%20(adjusted%20for%20liquidity).">7.2 million</a>. Murty also owns shares in two of famed British cook and entrepreneur Jamie Oliver restaurants, Wendy’s in India and in fitness brand Digme Fitness, according to <a href="https://economictimes.indiatimes.com/news/international/world-news/akshata-murty-billionaire-wife-of-rishi-sunak-runs-these-businesses/articleshow/95075345.cms?from=mdr">Economic Times</a>. Murty also heads the London branch of IT company <a href="https://en.wikipedia.org/wiki/Akshata_Murty#cite_note-15">Soroco</a>, co-founded with her brother <keyword id="80837" type="General" weightage="50" keywordseo="rohan-murthy" source="Orion">Rohan Murthy</keyword> in 2014. ‘I know how <keyword id="4793" type="General" weightage="50" keywordseo="will-smith" source="Orion">Will Smith</keyword> felt at the Oscars’ Rishi, in a BBC news <a href="https://www.bbc.com/news/uk-politics-60941902">podcast</a>, defending the smear campaign against his family, especially his wife, said, “I think it's totally fine for people to take shots at me. It's fair game. I'm the one sitting here and that's what I signed up for.” “But I feel, on reflection, both Will Smith and me having our wives attacked - at least I didn't get up and slap anybody, which is good”, he <a href="https://www.bbc.com/news/uk-politics-60941902">added</a>. Rishi Sunak, until recently was the chancellor to the exchequer, residing in 11 Downing Street. He resigned in July and the family shifted to a house in West London. The<a href="https://en.wikipedia.org/wiki/Akshata_Murty#cite_note-15"> couple</a> reportedly also own a manor house in <keyword id="15351944" type="General" weightage="50" keywordseo="kirby-sigston" source="Orion">Kirby Sigston</keyword>, a mews house in Central London, a penthouse apartment in Santa Monica and a flat on Old Brompton Road. They would soon be moving to 10 Downing Street. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/rishi-sunak-akshata-murtys-combined-fortune-is-2x-that-of-king-charles-iii/articleshow/95074007.cms">Rishi Sunak, Akshata Murty's combined fortune is 2x that of King Charles III</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/row-over-bravermans-reappointment-as-uk-home-secy/articleshow/95094758.cms">Row over Braverman's reappointment as UK Home Secy</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/rishi-sunaks-wife-akshata-murty-earned-15-3-mn-dividend-income-from-infosys-in-2022/articleshow/95076869.cms">Rishi Sunak's wife Akshata Murty earned $15.3 mn dividend income from Infosys in 2022</a>

Meet the first Indian first lady of UK - Akshata Murty

<keyword id="221874" type="General" weightage="100" keywordseo="akshata" source="Orion">Akshata</keyword> <keyword id="1806167" type="General" weightage="80" keywordseo="murty" source="Orion">Murty</keyword>, Britain's incoming Prime Minister <keyword id="221875" type="General" weightage="50" keywordseo="rishi-sunak" source="Orion">Rishi Sunak</keyword>'s wife whose tax status on income from outside the UK had triggered a controversy, earned Rs 126.61 crore (USD 15.3 million) in dividend income in 2022 from her shareholding in India's second-largest IT firm <keyword id="6354512" type="General" weightage="80" keywordseo="infosys" source="Orion">Infosys</keyword>. Murthy, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares, or 0.93 per cent, of Infosys at the end of September, according to company filings with the stock exchanges. Her holding is worth Rs 5,956 crore (about USD 721 million) at Tuesday's trading price of Rs 1,527.40 on the BSE. Infosys paid Rs 16 per share final dividend for the 2021-22 fiscal on May 31, this year. For the current year, the firm this month announced an interim dividend of Rs 16.5, according to the company's stock exchange filings. The two dividends totalled Rs 32.5 per share or Rs 126.61 crore for Akshata. Infosys is among the best dividend-paying companies in India. In 2021, it paid a total of Rs 30 per share dividend, which would have given Akshata a total of Rs 119.5 crore in that calendar year. Sunak, 42, on Sunday won the race to lead the Conservative Party and is now set to become Britain's first prime minister of Indian origin and its youngest leader in modern times. While Sunak is a British national, his wife Akshata is an Indian citizen. Her non-domiciled status, which allows her to earn money abroad without paying taxes in Britain for a period of up to 15 years, has been a divisive issue in the UK. Non-domiciled status of Akshata became an issue of discussion in Britain when Sunak first entered the race to become the prime minister in April this year. At that time, her spokesperson had stated that as a citizen of India, she was unable to hold citizenship of another country and that "she has always and will continue to pay UK taxes on all her UK income." As the controversy snowballed, she at that time announced that she would pay UK tax on all of her worldwide earnings out of a "British sense of fairness".It is not known how much taxes she paid in the UK on the dividend income that accrued to her after April - Rs 16 per share final dividend for the 2021-22 fiscal year (April 2021 to March 2022) paid on May 31, 2022, and Rs 16.5 a share interim dividend for 2022-23 fiscal that is due to be paid on October 27. Born in her mother Sudha Murthy's hometown of Hubballi in northern Karnataka, Akshata did her schooling in Bengaluru, before moving to Claremont McKenna College in California, where she graduated with a dual major in economics and French. She did a fashion designing diploma from the Fashion Institute of Design and Merchandising in Los Angeles, which followed a short work stint at Deloitte and <keyword id="45009" type="General" weightage="50" keywordseo="unilever" source="Orion">Unilever</keyword>. She thereafter went on to pursue her MBA at Stanford where she met Rishi Sunak. The two married in 2009. The couple, who own a vast real estate portfolio, has two children, Krishna and Anoushka. They live in a 7 million townhouse in Kensington. They also own a flat in Kensington, a mansion in Rishi's Yorkshire constituency and a penthouse in California. The son of a pharmacist mother and doctor father, Sunak was educated at one of England's most renowned schools, Winchester, and then Oxford. He spent three years at Goldman Sachs Group Inc. and later gained an MBA from Stanford in California, where he met his wife Akshata Murthy. According to Infosys filings, the promoters hold 13.11 per cent of the company. Of this, the Murty family owns 3.6 per cent (Narayana Murthy holds 0.40 per cent stake, his wife Sudha 0.82 per cent, son Rohan 1.45 per cent and daughter Akshata 0.93 per cent). Other promoters include co-founder S Gopalakrishnan, Nandan M Nilekani and S D Shibulal and their families. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/rishi-sunak-akshata-murtys-combined-fortune-is-2x-that-of-king-charles-iii/articleshow/95074007.cms">Rishi Sunak, Akshata Murty's combined fortune is 2x that of King Charles III</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/rishi-sunak-is-the-first-indian-origin-british-pm-know-more-about-one-of-uks-richest-premiers/slidelist/95077247.cms">Rishi Sunak is the first Indian-origin British PM – Know more about one of UK’s richest premiers</a>

Rishi Sunak's wife Akshata Murty earned $15.3 mn dividend income from Infosys in 2022

<ul class="summary-list"><li>Rishi Sunak will soon become the new prime minister of the UK.</li><li>His family's wealth clocks in at an estimated $825 million, making him one of the richest people in Britain.</li></ul>Rishi Sunak is set to become Britain's newest prime minister, taking over from Liz Truss after her astonishingly short — and chaotic — time in office. Truss's slashing of taxes and subsequent policy U-turns during her brief <a href="https://www.businessinsider.com/liz-truss-resigns-as-uk-prime-minister-2022-10">six weeks in office</a> spooked the markets and plunged Britain into <a href="https://markets.businessinsider.com/news/bonds/recession-uk-economy-tax-cuts-markets-crash-warning-global-leaders-2022-10">financial turmoil</a>. Her aggressive tax-cutting plan coupled with already soaring interest rates and a squeeze on energy prices worldwide has left many Brits with distinct financial worries and in a cost of living crisis.The UK now has more food banks than McDonald's, and many people are making the choice between eating and heating their homes, <a href="https://www.businessinsider.com/cost-of-living-there-are-more-food-banks-mcdonalds-uk-2022-9">as Insider's Bethany Dawson reported</a>. <a href="https://www.theguardian.com/business/2022/aug/29/almost-quarter-of-uk-plans-to-go-without-heating-this-winter-energy-price-cap">The Guardian reported</a> in August that almost a quarter of the country is planning not to turn on the heating this winter. On Monday, October 24, <a href="https://www.businessinsider.com/rishi-sunak-penny-mordaunt-next-uk-prime-minister-2022-10">Sunak secured the backing of his Conservative Party to become its leader</a>, thereby becoming the UK's presumptive PM. As a former Chancellor of the Exchequer, Sunak's grasp of fiscal policy may be welcomed by a country facing immense financial difficulties.However, Sunak also faces fierce criticism for his family's extraordinary wealth. With a net worth that <a href="https://www.theguardian.com/uk-news/2022/sep/14/the-sovereigns-wealth-uk-royal-familys-finances-explained">rivals that of King Charles III</a>, many <a href="https://www.theguardian.com/politics/2022/oct/22/rishi-sunak-rich-730m-fortune-prime-minister">fear</a> that Sunak will not be able to understand the daily financial struggles the British public faces, especially as Britain <a href="https://markets.businessinsider.com/news/currencies/uk-recession-outlook-liz-truss-quits-economy-tax-goldman-sachs-2022-10">faces the prospect of a painful recession</a>.Political research consultancy <a href="https://comresglobal.com/">Savanta ComRes</a> summed up public sentiment in a tweeted word cloud on Monday, based on the most common responses given to the surveyed question, "How would you describe Rishi Sunak in one word?""Clever," "good," and "okay" were prominently featured, but they were dwarfed by one word: "Rich." At the time of publication, the survey's methodology was not made public.<h2>A privileged childhood</h2>Sunak's parents were <a href="https://www.tatler.com/article/rishi-sunak-chancellor-of-the-exchequer-feature">born in colonial Africa</a> — his father, Yashvir, in Kenya, and his mother, Usha, in Tanzania. They met and married in the UK, where his father became a general practitioner and his mother went on to run a pharmacy. In a story for <a href="https://www.tatler.com/article/rishi-sunak-chancellor-of-the-exchequer-feature">Tatler</a>, a family friend described the pair as "passionately British." Sunak was educated at Winchester College — a fee-paying school that, in 2022, cost $38,500 to $52,000 a year to attend. In an <a href="https://news.sky.com/story/rishi-sunak-donates-more-than-100-000-to-his-old-boarding-school-winchester-college-12582879">interview with Sky News</a>, he expressed an understanding of how beneficial attending Winchester was for his career: "I was really lucky to have that opportunity. It was something that was really extraordinary, it certainly put my life on a different trajectory."Sunak became head boy at the distinguished boarding school before taking a path well-trodden for British politicians, studying philosophy, politics, and economics at Oxford. There, he received a First, the highest accolade for an undergraduate degree. It was during a Fulbright scholarship at Stanford in 2006, where Sunak gained an MBA, that his future fortune first entered his life. It was there where he met Akshata Murthy, the <a href="https://www.independent.co.uk/news/uk/politics/rishi-sunak-wife-akshata-murty-marriage-b2209298.html">daughter of Infosys billionaire Narayana Murthy</a>. The couple married in 2009 in an extravagant two-day wedding in Bangalore. Together, the couple's wealth is estimated at $825 million, <a href="https://www.businessinsider.com/rishi-sunak-first-uk-politician-to-enter-sunday-times-rich-list-2022-5">according to the Sunday Times Rich List</a>, <a href="https://www.forbes.com/sites/giacomotognini/2022/09/15/how-rich-is-king-charles-iii-inside-the-new-monarchs-outrageous-fortune/?sh=c03f0f6757f1">rivaling the net worth of King Charles III</a>.It's a union that made Sunak <a href="https://www.businessinsider.com/rishi-sunak-first-uk-politician-to-enter-sunday-times-rich-list-2022-5">the first frontline UK politician to enter The Sunday Times' annual wealth listing</a>.<div type="image" title="Rishi Sunak and Akshata Murthy" height="526" width="702" msid="95069520" hostid="261"></div>After becoming the Conservative Party's MP for Richmond in North Yorkshire in 2015, he was soon seen as a rising star and became Boris Johnson's chancellor between 2020 and 2022.In that role, he oversaw several fiscal stimulus measures amid the COVID-19 pandemic, including a <a href="https://www.reuters.com/article/us-health-coronavirus-britain-business/uk-unveils-420-billion-lifeline-for-firms-hit-by-coronavirus-idUSKBN2140VY">nearly $420 billion lifeline</a> of loan guarantees for affected businesses. But after Johnson was embroiled in numerous scandals, <a href="https://www.businessinsider.com/boris-johnson-ministers-sajid-javid-rishi-sunak-quit-cabinet-2022-7">Sunak resigned</a> and entered the race for the top job himself. <h2>Clumsy displays of wealth</h2>In the leadership election that ensued — which Liz Truss eventually won — Sunak played up his parents' humble beginnings, <a href="https://www.mirror.co.uk/news/politics/rishi-sunaks-privileged-childhood-no-27567616">emphasizing</a> how much they had "sacrificed" to give him an expensive education.But despite his attempts to portray a down-to-earth image, the British public has had numerous reminders that Sunak has a very different experience with money than most people. In August, a video clip of Sunak holding his contactless debit card up to the barcode scanner — rather than tapping it on the payment device — went viral, giving the impression that he rarely buys things in person. He <a href="https://www.mirror.co.uk/news/politics/rishi-sunak-admits-someone-teach-27702443">later confessed</a> that someone had to teach him how to use the card reader. In another resurfaced <a href="https://youtu.be/p9bbBYcwFOk">clip</a> from a 2007 interview with the BBC, Sunak suggested he didn't have any "working-class friends."He has also come under fire for his overt displays of wealth, including splashy purchases such as <a href="https://www.theguardian.com/politics/2020/jul/07/rishi-sunak-prepares-for-mini-budget-with-help-of-180-smart-mug">a $200 self-heating "smart" coffee cup</a> and <a href="https://www.theguardian.com/fashion/2022/jul/30/liz-truss-rishi-sunak-no-10-race-dress-prada-claires-fashion">$500 Prada loafers.</a> ("Values are what are important, what I'm wearing is irrelevant to all of that," Sunak <a href="https://www.theguardian.com/politics/2022/oct/22/rishi-sunak-rich-730m-fortune-prime-minister">told</a> the Guardian about his extravagant purchases.)<div type="image" title="Rishi Sunak" height="3000" width="4000" msid="95069522" hostid="261"></div>Sunak's wealth, however, has provided more than just the odd, embarrassing photo-op. <h2>Tax and visa scandals</h2>In November 2020, <a href="https://www.theguardian.com/politics/2020/nov/27/huge-wealth-of-sunaks-family-not-declared-in-ministerial-register">The Guardian reported</a> that Sunak had failed to mention his wife's massive wealth on the ministers' register of interests. While ministers are supposed to declare anything that might represent a conflict of interest, a subsequent investigation found that <a href="https://www.civilserviceworld.com/professions/article/sunak-cleared-of-ministerial-code-breach-over-tax-affairs">he had not breached the UK's ministerial code</a>. Earlier this year, Sunak's wife Murthy was also embroiled in a tax scandal after it <a href="https://www.theguardian.com/politics/2022/apr/07/rishi-sunaks-wife-says-its-not-relevant-to-say-where-she-pays-tax-overseas">emerged that she had "non-domiciled" status in the UK</a>, which allowed her to avoid paying British taxes on the income she earned abroad, primarily from Murthy's stake in Infosys, which is based in India. Murthy is also the <a href="https://affiliate.insider.com?u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fakshata-murty-5a04232%2F%3ForiginalSubdomain%3Duk">director</a> of her father's venture capital firm, Catamaran Ventures, and has shares in several other companies.Around the same time, Sunak faced scrutiny for holding a US green card while he was chancellor, despite his primary residence not being in the US, <a href="https://www.bbc.com/news/uk-politics-61044847">provoking questions</a> about whether he enjoyed tax benefits as a result. He relinquished his green card in October 2021, according to his spokeswoman.It's yet unclear whether Sunak and his family's wealth will prove to be an issue. His supporters, including British chancellor Jeremy Hunt, argue that Sunak's experience in finance and at the treasury make him the right man for the job."To restore stability and confidence, we need a leader who can be trusted to make difficult choices," Hunt, who will be looking to keep his position as chancellor, <a href="https://www.telegraph.co.uk/politics/2022/10/23/why-backing-rishi-sunak-prime-minister/">wrote</a> in the Daily Telegraph. "We also need someone who can explain those choices to members of the public who are worried about jobs, mortgages and public service. We have a leader who can do just that in Rishi Sunak."Correction: October 25, 2022 — An earlier version of this story misrepresented King Charles III's net worth. It has been updated to reflect that while Rishi Sunak's family's net worth rivals King Charles III, it is not double that of the royal's.Correction: October 25, 2022 — An earlier version of this story overstated Britain's economic crisis. It has been updated to reflect that while the UK faces the prospect of an economic recession, it is not a certainty.

New UK PM Rishi Sunak married into almost $1 billion in tech money, has a net worth that rivals King Charles, and takes over a country struggling to afford heating

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Rishi Sunak, Akshata Murty's combined fortune is 2x that of King Charles III

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Meet the first Indian first lady of UK - Akshata Murty

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Rishi Sunak's wife Akshata Murty earned $15.3 mn dividend income from Infosys in 2022

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New UK PM Rishi Sunak married into almost $1 billion in tech money, has a net worth that rivals King Charles, and takes over a country struggling to afford heating

Mia Jankowicz,Yoonji Han

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