Rishi Sunak Net Worth 2024: Uncovering the Fortune of UK’s Richest PM

Current UK Prime Minister Rishi Sunak is richer than most in the UK – with a net worth double what King Charles owns today.

Today, Rishi Sunak’s net worth is set at over $800 million, a fortune he shares with Akshata Murty, the tech heiress of Narayana Murthy.

If you’re interested in learning how Sunak was able to build such a tremendous fortune, keep reading.

Rishi Sunak’s Net Worth Breakdown:

Even though a lot of this money comes from Akshata’s father’s venture capital gains, Sunak is earning quite a lot independently.

He has a high income in his position as Prime Minister, not to mention the big investments in real estate and other ventures.

Not all of Sunak’s earnings, investments, and income sources have been made public but we were able to build a strong estimate by analyzing all of the publicly available relevant sources.

5 Fun Facts about Rishi Sunak

1. Stanford Graduate: Sunak received an MBA from Stanford University as a Fulbright Scholar, where he met his wife.
2. Wealthiest UK Prime Minister: As of 2024, Sunak is the wealthiest Prime Minister in the history of the UK.
3. Real Estate Portfolio: Sunak and his wife own at least four properties in the UK and the U.S., valued at over $19 million.
4. Tech Advocate: Sunak is an advocate for cryptocurrencies and even planned to launch an NFT collection with the Royal Mint.
5. First Prime Minister of Color in the UK: Sunak became the UK’s first Prime Minister of Indian heritage and the youngest in modern history.

Latest News & Updates

In 2023 and early 2024, Rishi Sunak faced significant political challenges, including navigating the UK’s post-Brexit economy and addressing inflation concerns.

His government has been active in addressing energy crises and economic recovery post-COVID.

His leadership and policy decisions continue to spark debate within the UK, particularly around his financial ties and his stance on climate policy, which has drawn criticism from various groups.

Rishi Sunak’s Early Life

Rishi Sunak was born May 12, 1980 in Southampton, Hampshire to parents Yashvir and Usha Sunak, both of Indian Punjabi descent. His grandparents were from Gujranwala and Ludhiana which, at the time, were both in Punjab, British India.

The family moved to the United Kingdom in the 1960s. Sunak’s father worked as a general practitioner in the National Health Service, while his mother was a pharmacist who owned her own pharmacy in Southampton.

Rishi studied at Stroud School in Romsey, followed by his time at Winchester College. He studied politics, philosophy, and economics (PPE) at Lincoln College at Oxford University, and obtained his MBA from Stanford University as a Fulbright Scholar.
Sunak built his working habits from an early age. During his summer holidays while in college, he worked as a waiter in a curry house in Southampton.

While at Oxford, the exceptional student interned at the Conservative Party Central Office and became a member of the Conservative Party. This marked his path inthe world of politics, leading him to the high position he holds today – the Leader of the Conservative Party and the Prime Minister of the United Kingdom.

While at Stanford, Sunak met his wife Akshata Murty. Murthy is the daughter of N.R. Narayana Murthy, the man behind the Indian tech giant Infosys.

Rishi Sunak Net Worth: How He Became the Wealthiest UK Prime Minister

Britain’s current Prime Minister is the first leader of color in the UK, and the youngest in several centuries. He’s the richest occupant of Downing Street due to the combined net worth of millions with his wife. Let’s see how he built his fortune and what contributed to it.

Early Beginnings in Rishi Sunak’s Career

While he was studying for his MBA, Rishi Sunak worked as an analyst at Goldman Sachs between 2001 and 2004. He then moved on to work at a hedge fund called The Children’s Investment Fund (TCIF). After he earned an MBA in 2006, he was promoted to partner in TCIF.

Sunak remained in TCIF until 2009 when he left to work at a new hedge fund company called Theleme Partners. The fund officially launched in 2010 and had $700 million under management. It was set up by Patrick Degorce, his former colleague and the co-founder of TCIF.

Sunak had a stake in the company, albeit a rather small one – less than 5%. In 2013, the company had $2.2 billion in assets under management.

After leaving Theleme Partners, Rishi Sunak worked as a director of Catamaran Ventures UK, the investment company owned by his father-in-law, Narayan Murthy. He spent two years in this position, between 2013 and 2015. The company is now under the ownership of his wife.

Rishi Sunak in Politics

In the 2015 general election, Sunak was elected to the House of Commons for Richmond in North Yorkshire. He worked as a backbencher at the time, supporting a highly successful Brexit campaign in the 2016 EU membership referendum.

After the 2017 general election, Sunak took a junior ministerial position in the second government of Theresa May as Parliamentary Under-Secretary of State for Local Government.

In 2019, Sunak supported Johnson’s bid for Prime Minister in the Conservative Party leadership election. When he got the position, Johnson appointed Rishi Sunak as Chief Secretary to the Treasury.

Not long after, he was promoted to Chancellor of the Exchequer in 2020, after Sajid Javid resigned from the position. His work in this role was received well at the time, thanks to his very active role in the financial response of the government to the COVID-19 pandemic and the impact it had on the UK’s economy.

In addition to these activities, Sunak was also involved in the government’s work on the UK energy supply crisis, cost of living crisis, and global energy crisis.

In July 2022, Sunak decided to resign from his cabinet role due to a government crisis, right alongside Sajid Javid.

This is where he embarked on one of the most important political journeys – he stood in the Conservative Party leadership election for the role of Prime Minister.

While he won the majority of MP votes, he lost the Tory party members’ vote to Liz Truss, Foreign Secretary at the time. So, he had to spend the entire duration of Truss’s premiership waiting for his next chance, which he got weeks later, in 2022.

In October 2022, Sunak tried again, this time to succeed Truss after her resignation. He was appointed the new Prime Minister and Conservative leader on October 25, 2022.

The Fortune of Mr. Sunak’s Wife Akshata Murty

Sunak has earned a significant amount over the years, and his income in the past few years totals millions, according to his tax reporting. Still, the bulk of his net worth of $800+ million is shared between Rishi Sunak and Akshata, and most of it comes from his wife’s fortune.

Wife Akshata Murty is the daughter of the co-founder and chairman of Infosys, now retired. She owns less than 1% (0.93%) in the publicly traded digital services firm, a stake that’s worth $700+ million today.

Akshata is also the owner of Catamaran Ventures UK, an arm of her father’s company Infosys, and a very successful venture today. In 2017, she also became the director at Digme, a fitness company in London. She owns a 4.4% stake in the company.

Other Investments of Rishi Sunak

Sunak and his wife have major investments in real estate, as well as a very big car collection.

Real Estate

Mr Sunak and his wife own millions in real estate. They own at least four properties today, estimated at over $19 million.

Their primary residence before entering Downing Street was in Kensington, London. The former finance minister and his wife own a five-bedroom house they bought for over $7 million in 2010.

Now Rishi Sunak and Akshata live at 10 Downing Street, right next door to the Prime Minister’s former residence when he served as the Chancellor of the Exchequer in 2020, living at Number 11. As PM, he also has access to the grace-and-favor country estate of Chequers.

The couple also spends some time in their largest property with their two daughters, the Manor House in the village of Kirby Sigston in North Yorkshire. They bought this house for $2.3 million in 2015.

They also own an apartment nearby Kensington, on Old Brampton Road, which was worth $300,000 in 2001. In California, they reportedly own a penthouse by the ocean on 1705 Ocean Ave, worth about $7.5 million.

Car Collection

Rishi Sunak and Akshata Murthy have a fleet of cars in their London home before his new role in politics. Here is what they have in their garage:

• Jaguar XJ worth about $90,000
• Kia Rio worth about $30,000
• Land Rover Discovery worth about $65,000
• Mercedes Benz S Class worth about $115,000
• Range Rover Abio Sentinel worth about $400,000 (his Prime Ministerial vehicle)
• Range Rover SV Autobiography worth about $230,000
• Volkswagen Golf Mk6 GTI worth about $30,000

Cryptocurrency

Rishi Sunak is a fierce proponent of cryptocurrency. He’s frequently shared his plans to launch an NFT with the Royal Mint of the UK, making it a crypto-friendly state.

And while this is the case, it is unknown how much he has invested in digital coins.

What Can We Learn From Rishi Sunak’s Success?

The richest Prime Minister of the UK is one of the richest politicians in the UK and the world (though he’s still lagging behind a few colleagues, including Donald Trump).

Most of it comes from his wife’s net worth, but Sunak’s story is nothing less than exceptional.

Starting with his excellent performance at school, to his fierce stand in politics, and continuous success in his endeavors, Rishi Sunak is proof that capability, resilience, and good morals are the recipe for success in life.

Over the years and especially during his political career, he’s demonstrated that he has a knack for navigating the most complex issues, such as the economic crisis due to the pandemic.

He has a pragmatic approach to fiscal matters, demonstrating the importance of making tough decisions when you are given grand responsibility in life.