British Prime Minister Rishi Sunak and wife Akshata Murty, who made their debut in the annual Sunday Times Rich List' two years ago, have moved up the ranks in the 2024 edition released on Friday thanks to the Murty's lucrative Infosys shareholding. The couple, both 44, have risen from 275th last year to 245th with an estimated wealth of GBP 651 million, making them the wealthiest people to call 10 Downing Street home. Murty's earnings are said to far exceed that of her husband as financial statements published in February are quoted to say Sunak made GBP 2.2 million in 2022-23 compared to Murty's estimated GBP 13 million in dividends over the past year. The couple's most valued asset is Murty's shareholding in Infosys, a Bangalore-based IT company co-founded by Murty's father [Narayan Murthy], reads the newspaper's analysis. Over the past year, the shares have grown in value by GBP 108.8 million to nearly GBP 590 million. The latest annual report suggests that Murty received about
British Prime Minister Rishi Sunak and wife Akshata Murty, who made their UK rich list debut last year, lost around GBP 201 million since then as a result of a drop in the value of Murty's shares in Infosys, according to a media report on Friday. The couple has slipped from 222nd position in 2022 to 275th in this year's tally with an estimated wealth of GBP 529 million, largely attributed to the Indian software firm co-founded by Murty's father Narayana Murthy, claimed "The Sunday Times Rich List" 2023. The couple's most valuable asset has long been a shareholding in Infosys, an Indian IT giant set up by Murty's father, the rich list analysis said. Over the past year, their wealth has fallen by more than half a million pounds a day. When the pair made their debut on the Rich List 12 months ago, this stake was worth about GBP 690 million. Since then Infosys' shares have plummeted owing to lower revenues from its banking, tech and other clients, it noted. The annual compilation of ..
No Covid-induced gloom as British-Asian businesses record over 20% rise in combined wealth in 2021
The coronavirus pandemic is seen as a major factor behind the fall in the overall wealth of the UK's richest people
Britain's annual rich list released by The Sunday Times has a distinctly Indian flavour with two sets of India-born brothers grabbing the top two slots