What's happened
Prime Minister Rishi Sunak and his wife Akshata Murty's wealth has increased by £122 million over the past year, reaching £651 million, according to the latest Sunday Times Rich List. This makes them wealthier than King Charles, whose fortune stands at £610 million. The increase in their wealth is largely attributed to Murty's shares in Infosys, the Indian IT company co-founded by her father. The news comes amid a cost of living crisis in the UK, with millions of Britons struggling financially.
Why it matters
The significant increase in the wealth of Prime Minister Rishi Sunak and his wife Akshata Murty is noteworthy, especially as it surpasses that of King Charles. This development is particularly relevant given the ongoing cost of living crisis in the UK, where many citizens are facing financial hardships. The contrast between the immense wealth of the Prime Minister and the economic struggles of the general population may influence public perception and political discourse, especially with a general election on the horizon. The disparity highlights issues of wealth inequality and could impact voter sentiment and policy discussions.
What the papers say
According to Sky News, the personal fortune of Rishi Sunak and Akshata Murty has soared by more than £120 million over the past year, reaching a total of £651 million. The BBC News also reports that the couple's wealth has increased significantly, mainly due to Murty's shares in Infosys. The Mirror highlights the criticism Sunak has faced over his wealth, with Labour MP Nadia Whittome commenting on the disparity between his financial status and the 'tough decisions' affecting working-class people. The Independent notes that the couple's wealth increase comes at a time when millions of Britons are struggling with the cost of living.
How we got here
Rishi Sunak, a former hedge fund manager, became the UK's Prime Minister in October 2022. His wife, Akshata Murty, is the daughter of the co-founder of Infosys, an Indian IT giant. The couple's combined wealth has been a topic of public interest and scrutiny, especially given Sunak's political role and the economic challenges faced by many in the UK. Murty's decision to pay UK taxes on her overseas income in 2022, following public backlash, further brought their financial status into the spotlight. The latest Sunday Times Rich List reveals that their wealth has continued to grow, now surpassing that of King Charles.
Common question
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