London: According to media reports, Rishi Sunak, who will become the 57th Prime Minister of Britain on Tuesday, is richer than King Charles III and 42 years younger than every predecessor except William Pitt the Younger. Sunak will also be the first person from Britain to lead the country and also the first Hindu Prime Minister. He was born in Southampton in 1980 to Indian parents who had moved to the UK from East Africa. His father was a general practitioner and his mother ran her own pharmacy. The eldest of three children, Sunak was educated at Winchester College, a private boarding school that costs £43,335 a year to attend. He was the head boy, and has made several donations to the school in recent years.
Sunak studied politics, philosophy and economics at the University of Oxford. He was awarded a first class degree. He later did his MBA at Stanford University, where he met his future wife Akshata Murthy, but where few others remember him, The Guardian reported.
Murthy, 42, is the daughter of Indian billionaire NR Narayana Murthy, often described as the Bill Gates of India, who founded the software company Infosys.
According to reports, his daughter owns a 0.91 percent stake in the company, which is worth around £700 million.
The couple married in 2009 in a two-day ceremony in their hometown of Bengaluru, which was attended by 1,000 guests. They have two daughters, Krishna and Anushka.
In April this year, it emerged that Murthy was a non-resident UK resident, meaning he evaded UK taxes on his international earnings in exchange for paying an annual fee of £30,000.
Without that non-DOM status, she could have been liable for more than £20 million in UK taxes on these windfalls, it was reported.
As The Guardian reports, following public outcry, her spokesperson announced that she would begin paying UK taxes on her foreign earnings to relieve political pressure on her husband.
Nevertheless, the combined wealth of Sunak and Murthy is estimated at £730 million, more than twice the estimated wealth of King Charles III and Camilla, Queen Consort, of £300 million-350 million.
The Guardian reported that he owns four properties spread around the world and is worth more than £15 million.