Rishi not so rich: Sunak and wife slide down UK wealth list as multimillion fortune takes a hit
LONDON — Rishi Sunak and his wife lost an average of £500,000 per day over the past year as the value of their shared fortune took a tumble, according to the latest Sunday Times’ rich list.
The list — annually ranking Britain’s wealthiest people — calculates that the stake Sunak’s wife holds in her father’s IT firm, Infosys, is now worth £481.2 million. That’s down £208.8 million on its value last year.
But the shareholding in Infosys, an Indian tech giant set up by Murty’s father, remains the couple’s most valuable asset, according to the paper. The pair have an estimated combined fortune of £529 million this year, down from £730 million in 2022. The pair are now ranked 275th on the list, falling from 222nd last year.
Sunak and Murty’s fortune pales in comparison to figures at the top of the Sunday Times’ list. Gopi Hinduja and family — owners of a conglomerate with interests including manufacturing and finance — top the list with a fortune of £35 billion.
Brexit-backing Ineos boss Jim Ratcliffe sits in second place, with a fortune of £29.68 billion.
Other political figures in the upper echelons of the list include Daily Telegraph owner Frederick Barclay (27th, £6.418 billion), House of Lords member and former Labour donor Swraj Paul (68th, £2.6 billion) and Conservative donor and peer Michael Hintze (103rd, £1.71 billion).
Murty’s finances at one point threatened to derail Sunak’s ambitions for the top job, after it was revealed she had nondomiciled status — a controversial tax arrangement meaning she does not pay tax on earnings from outside the U.K.
She eventually agreed to pay U.K. tax on all of her income. According to the Guardian, Murty will receive nearly £6.7 million in dividend payments from her Infosys shares this summer.
