London: Chancellor of the Exchequer of Britain Sage sunki and his wife Akshatah statue He made his debut on the annual ‘Sunday Times Rich List’ on Friday, ranking 222nd, with his combined fortune of £730 million, topped by people of Indian origin. Hinduja Brothers with around £28. 5 billion.
British-born Sunak, who is married to India-born Murthy – daughter of Infosys Co-founder NR Narayana Murthy has been described in the analysis as the first frontline politician to be included in the annual ranking of the richest people in Britain’s 34-year history. The bulk of his wealth is believed to come from Murthy’s £690 million stake in Infosys, but Sunak had a lucrative career in finance before entering politics as a member of the Conservative Party in 2015.
Sunak and Murthy faced criticism and public anger last month over Murthy’s “non-resident” tax status, which meant she had not paid tax in the UK on her earnings abroad. She later stepped down and said she would pay British taxes on her global income. It is estimated that Murthy’s “non-dom” status would have saved £20 million in taxes on dividends from his shares in Infosys. The report states that he owns 0.9% of Infosys.
Sunak’s inclusion comes at a politically difficult time for the man in charge of Britain’s budget as he is under pressure to increase support for families grappling with rising energy bills and food prices. “Not long ago Sunak was touted as the future PM, a smooth successor to his boris johnson, But, the chancellor’s ambitions have been derailed by last month’s revelation that his wife Akshata was an apolitical,” read ‘The Sunday Times Rich List’ report. Meanwhile, Shree and Gopichand Hinduja and family returned to the top of the rankings after slipping to third place last year, the biggest fortune recorded in the history of the list.
British-born Sunak, who is married to India-born Murthy – daughter of Infosys Co-founder NR Narayana Murthy has been described in the analysis as the first frontline politician to be included in the annual ranking of the richest people in Britain’s 34-year history. The bulk of his wealth is believed to come from Murthy’s £690 million stake in Infosys, but Sunak had a lucrative career in finance before entering politics as a member of the Conservative Party in 2015.
Sunak and Murthy faced criticism and public anger last month over Murthy’s “non-resident” tax status, which meant she had not paid tax in the UK on her earnings abroad. She later stepped down and said she would pay British taxes on her global income. It is estimated that Murthy’s “non-dom” status would have saved £20 million in taxes on dividends from his shares in Infosys. The report states that he owns 0.9% of Infosys.
Sunak’s inclusion comes at a politically difficult time for the man in charge of Britain’s budget as he is under pressure to increase support for families grappling with rising energy bills and food prices. “Not long ago Sunak was touted as the future PM, a smooth successor to his boris johnson, But, the chancellor’s ambitions have been derailed by last month’s revelation that his wife Akshata was an apolitical,” read ‘The Sunday Times Rich List’ report. Meanwhile, Shree and Gopichand Hinduja and family returned to the top of the rankings after slipping to third place last year, the biggest fortune recorded in the history of the list.