Rishi Sunak has been Chancellor of the Exchequer since February 2020. He is a member of the Conservative party and was previously Chief Secretary t
Rishi Sunak has been Chancellor of the Exchequer since February 2020. He is a member of the Conservative party and was previously Chief Secretary to the Treasury from July 2019 to February 2020, and has been a Member of Parliament for Richmond, Yorkshire, since 2015. Born in Southampton, Mr Sunak’s parents are Punjabi Hindus who emigrated to the UK from East Africa. The Chancellor was educated at Winchester College, before reading philosophy, politics and economics (PPE) at Lincoln College, Oxford, and later gained an MBA from Stanford University, USA, as a Fulbright Scholar.
Who is Akshata Murthy?
Mr Sunak met his wife Akshata, 41, while studying abroad at Stanford University.
The couple married in 2009 in a two-day wedding in Bangalore and now have two daughters together, Krishna and Anoushka.
Initially, they had been living in California, but relocated to the UK with their two children and now reside between Yorkshire and London.
Ms Murthy is the daughter of Narayana Murthy, one of the richest men in India, and is part of an impressive dynasty.
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Her own personal fortune is estimated to be at £430million, making her richer than the Queen whose personal wealth spans £350million.
Ms Murthy runs a fashion label called ‘Akshata Designs’.
The Chancellor’s wife previously revealed she loved clothes as a child which baffled her “no-nonsense software engineer mother”, Sudha Murthy.
Ms Murthy has previously been shot by Vogue magazine, and declared in an interview with the magazine in 2011: “I am about the story behind a particular garment, its authenticity, its craftsmanship and protecting a rich heritage.”
The Times reported in February 2020 that Ms Murthy has a stake in her dad’s IT firm that is reportedly worth £185million, and he is often dubbed the ‘Bill Gates of India’.
Ms Murthy and Mr Sunak are understood to be very well off, owning “at least four properties”, according to reports.
This includes a five-bedroom townhouse in London’s affluent Kensington, valued at about £7million.
The Chancellor’s wife came under fire recently after it was revealed she claimed up to £100,000 of taxpayer’s cash to pay furloughed staff at her gym business.
Figures recently released show the company claimed between £50,000 and £100,000 in furlough money during December to help the Digme Fitness Limited business.
Ms Murthy has a 4.5 percent stake in the business, and is also a director of the firm, while she also has a 0.9 percent stake in her father’s tech company.
Infosys, Ms Murthy’s father’s company, has also reportedly taken part in the furlough scheme, using it to furlough about three percent of the firm’s UK staff force during parts of 2020.
In the face of claims the Chancellor didn’t appropriately declare his wife’s interests before unveiling the furlough scheme, the Treasury responded saying Mr Sunak “followed the ministerial code to the letter”.