The deputies of the Conservative Party elected this Monday as the new leader and Prime Minister of the United Kingdom the former Minister of Economy Rishi Sunakwhich faces the task of recovering financial and political stability after the storm caused by the measures of the hitherto head of government, Liz Truss.
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Sunak, 42, is the first politician of Indian origin to gain access to the official Downing Street residence and will be the youngest prime minister in modern UK history.
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Former Goldman Sachs bank analyst and head of the British economy during the coronavirus pandemic, the new Tory leader, who will take office on Tuesday, has used his financial experience to win the favor of his co-religionists.
But one important fact about his profile is his fortune.
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Sunak studied Philosophy, Politics and Economics at the University of Oxford -the most common studies among the British political elite-, has an MBA from Stanford University (USA), worked for three years in Goldman Sachs and was later a partner in a high-risk investment fund.
He is married to Akshata Murty, heir to a business empire in India, and the joint fortune of the marriage is estimated at 730 million pounds (830 million euros).
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During the coronavirus pandemic, it was he who designed the multi-million dollar stimulus programs in the United Kingdom from the Ministry of Economy. Aware of the enormous debt that was accumulated with this aid, he was also the one who planned to raise the corporate tax from 19% to 25% next year, precisely one of the taxes that Truss planned to cut again.
richer than the king
“If Rishi Sunak becomes Prime Minister it will be the first time in history that the occupants of 10 Downing Street they will be richer than the monarch of Buckingham Palaceand at a time when millions of Britons are struggling with the cost of living crisis.
That’s how I review it Guardian in a recent story explaining that Sunak and his wife, Akshata Murty, have a fortune that is roughly twice the estimated £300 million to £350 million wealth of King Charles III and Camilla, Queen Consort.
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“He owns a portfolio of four properties spread around the world and valued at more than 15 million pounds sterling,” adds that medium. “Sunak, his wife, and his two daughters, Krishna and Anoushka, spend most of the week at their five-bedroom house in Kensington, west London, which estate agents estimate to be worth more than 7 million pounds. sterling pounds”.
It will be the first time in history that the occupants of number 10 Downing Street will be richer than the monarch
Sunak’s wealth comes mostly from his wife’s family., daughter of an Indian software billionaire. Narayana Murthy, an Indian programmer who co-founded the tech giant Infosys, has a fortune on the rise, according to Forbes, to 4.5 billion dollars.
For experts consulted by British media, his wealth was a common topic of conversation during the last campaign, when Liz Truss won, and it is likely to be so again now that he is the new prime minister.
On a podcast with The Telegraph this year, Sunak, who made his fortune at investment bank Goldman Sachs and hedge funds TCI and Theleme Partners, said he wasn’t afraid to answer questions about his fortune.
“It’s the opposite of annoying. Very few people mention it to me. While I was chancellor, I hosted (meetings) at city hall very regularly with members of the public … hardly anyone asked me about it,” he said.
However, the new prime minister, as noted Guardian, he has repeatedly refused to answer questions about exactly how much money he has or where it is invested. Now that he is in power this may need to change, for, as Labor MP Rachael Maskell points out, “as far as most people are concerned, Rishi Sunak lives on another planet” because of his vast fortune.
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