UK Prime Minister Rishi Sunak, Wife Akshata Murty’s Wealth Skyrockets on 2024 Rich List

London:

British Prime Minister Rishi Sunak and his wife Akshata Murty, who made their debut on the annual ‘Sunday Times Rich List’ two years ago, have risen up the rankings in the 2024 edition released on Friday thanks to Akshata’s lucrative shareholding Murty at Infosys.

The couple, both 44, rose from 275th place last year to 245th place, with an estimated wealth of £651 million, making them the “richest people to call 10 Downing Street home”.

Akshata Murty’s earnings are said to far exceed those of her husband, as financial statements published in February say Rishi Sunak earned £2.2m in 2022-23, compared to AkshataMurty’s estimated £13m in dividends last year.

“The couple’s most valuable asset is Akshata Murty’s equity stake in Infosys, a Bangalore-based IT company co-founded by Akshata Murty’s father. [Narayan Murthy]”, says the newspaper’s analysis.

“Over the past year the share value has grown by £108.8m to almost £590m. The latest annual report suggests that Murty has received around £13m in dividends during that period – adding up – compared to the more than one million pounds she has paid in previous years, she should receive another 10.5 million pounds this year”, he notes.

The annual compilation of Britain’s richest families is once again topped by the Hinduja family, of Indian origin, who saw their wealth increase last year, reaching £37.196 billion, following the opening of their brand new and luxurious OWO Hotel, in the heart of London.

The UK-based family group of companies, led by chairman GP Hinduja, operates in 48 countries and across multiple sectors – automotive, petroleum and specialty chemicals, banking and finance, IT, cyber security, healthcare, commerce, project development infrastructure, media and entertainment, power and real estate.

“It was a year of expansion through acquisitions for the group, made possible in part by rising stock market valuations of the family’s main listed holdings, which rose to a total of £8.7 billion,” it reads. in the newspaper analysis.

The 2024 “Sunday Times Rich List” top 10 sees another group of Indian-born brothers, David and Simon Reuben, take advantage of their wealth to rise to third place from last year’s fourth, with an estimated fortune at around GBP 24.977 billion.

At 8th place is the NRI tycoon of steel company ArcelorMittal, Lakshmi N. Mittal, who has dropped two places from last year with an estimated 14.921 billion GBP, followed by Vedanta Resources industrialist Anil Agarwal at 23rd position , with an estimated £7 billion – a drop of one. 2023 ranking.

Other Indian-origin billionaires on the 2024 list include textile entrepreneur Prakash Lohia, in 30th place, with an estimated worth of GBP 6.23 billion; large retail companies Mohsin and Zuber Issa rank 39th, with £5 billion; and pharmaceutical chiefs Navin and Varsha Engineer, aged 58, with £3 billion.

Among the 100 richest Britons are brothers Simon, Bobby and Robin Arora, in 65th place, with £2.682 billion, and leading NRI industrialist Lord Swraj Paul and his family, ranked in 67th place, with a wealth estimated at 2.6 billion pounds sterling – the same as last year.

Fashion industrialist Sunder Genomal, a new entrant in 2023, is ranked 77th with an estimated fortune of £2.214 billion, with hoteliers Jasminder Singh and family coming in at 83rd place with £2.001 billion sterling.

Overall, the 36th edition of the rich list reveals the biggest drop in billionaires in its history – going from a peak of 177 in 2022 to 165 this year.

“This year’s Sunday Times Rich List suggests that Britain’s billion-dollar boom has come to an end. Many of our home-grown businesspeople have seen their fortunes fall, and some of the global super-rich who came here are moving away “, said the compiler of the list. , Robert Watts.

However, going from millionaire to billionaire is former Beatle Sir Paul McCartney – now the first UK musician to achieve that status after increasing his wealth by £50 million last year.

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