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Rishi Sunak’s wife is a software heiress who’s richer than royalty

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Rishi Sunak’s wife is a software heiress who’s richer than royalty

 

Narayana Murthy, one of India’s richest men, had mixed feelings when he first heard that the man would be his son-in-law.

I was also a little sad and jealous when you told us you found your life partner- he wrote in a letter to his daughter Akshata Murty, published in “Legacy: Letters from Exceptional Parents to Daughter”. “middle.

But when I met Rishi and found out that he was who you described him as – smart, handsome, and most importantly, honest – I understood why you let your heart be stolen- he said of a certain Rishi Sunak He said he became Britain’s prime minister on Tuesday after winning a chaotic race to replace Leeds Strass.

Not only will Sunak be Britain’s youngest leader in 200 years, but he’s also the country’s first non-white prime minister. Thanks to his wife Murthy, Sunak would become one of the richest men, able to rise to the top of the political system.

Murty owns a 0.93 percent stake in her father’s Indian software company Infosys, worth about $715 million. That represents the bulk of the couple’s estimated £730m ($830m) net worth, according to the Sunday Times Rich List, an annual ranking of Britain’s richest people.

Even Queen Elizabeth wasn’t that wealthy – The Sunday Times put the late monarch’s net worth at £370m ($420m) before her death. And this super-rich status almost derailed Sunak’s rise.

In April, it was reported that Murthy had tax status in the UK, meaning she could legally avoid paying tax on her overseas income. Sunak, then Chancellor of the Exchequer, recently pushed the overall burden on British taxpayers to the highest level since the 1940s.

After trying to ride out the storm, Murthy released a statement confirming the reports. She tweeted: “In recent days, questions have been raised about my tax arrangements: to be clear, I have paid tax in this country on my UK income and on my international income International taxation.” “This arrangement is perfectly legal and how many people without domicile are taxed in the UK? But obviously many people don’t think it is compatible with my husband’s role as a Chancellor.”

Non-domiciled status is controversial in the UK – tax campaigners say it favors the super-rich. Murty acknowledged the controversy and said she would relinquish her advantage.

I understand and appreciate the British sense of fairness and I don’t want my tax status to distract my husband or affect my family. For this reason, I will no longer ask for a remittance basis for tax – she tweeted added above.

Sunak briefed on the uproar to then-Prime Minister Boris Johnson’s independent adviser to ministerial interests, at a time when the country was already mired in a cost-of-living crisis. He was later cleared for breaching ministerial codes.

Asked about the couple’s wealth in an August interview with The Times, Sunak said against Truss in his first campaign for leadership: not what’s in their bank accounts. I’m lucky today, but I didn’t grow up like this. I work hard for what I have and my family works hard too, that’s why I want to do this job. ”

From fashion to politics Murthy was not born rich.

Infosys was founded by her father in 1981, a year after she was born. In those days when our family couldn’t afford a phone, my then colleague Arvind Kher came all the way from our office in Nariman Point (Mumbai) to our home in Bandra (a suburb of Mumbai) and told me your mum gave birth to you – N. R. Narayana Murthy wrote in “Legacy.”

Our lives have changed since then, there is enough money, but you know our way of life is still simple – he added in the letter.

Sunak wrote on his official website that he and Murty met in California when they were both pursuing MBAs at Stanford University.

They married in Bangalore, India in 2009. Indian media described the gathering as an “unpretentious” event attended by close friends and family, noting that the Murthys were “known for respecting their privacy”.

Murty went on to found the womenswear label Akshata Designs, which was described in a 2011 Vogue India mini-profile as “combining indigenous craftsmanship with contemporary Western silhouettes”.

In the interview, Murthy said her love of clothes left her mother “confused” and “a serious engineer” on why Murthy “would spend so much time creating different outfits from my closet” Confused.

The couple went on to have two daughters, Krishna and Anushka, and in 2015 Sunak was elected to parliament in the safe Conservative seat of Richmond, North Yorkshire.

In the U.K., she and Sunak are listed as directors of venture capital firm Catamaran Ventures, founded by her father, where Murty is listed in Companies House and serves on the board of high-end fitness chain Digme Fitness. Managed after struggling during the Covid-19 pandemic.

When Sunak first pitched for the Conservative leader in August, he told The Times that the pairing was due to their differences.

I’m very neat, she’s very messy…I’m more organized, she’s more natural…she doesn’t love me for saying that, but I’ll be honest with you, she doesn’t overall Love to organize things too much. She’s a total nightmare, with clothes all over the place…and shoes…oh my gosh, shoes… – he said.

Sunak doesn’t drink, which makes Muti angry, he said. I really wanted to [drink] – he told The New York Times. “My family drinks and my wife definitely drink. I don’t and it annoys her very much. My parents do and my dad is upset that I don’t share a glass of wine with him, but thankfully my brother came and that’s ok.”

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