The Chancellor of the Exchequer Rishi Sunak is due to announce his autumn budget today, in what is likely to be a crucial indicator in how the treasury plans to navigate the UK out of the coronavirus pandemic.
The Chancellor has had something of a meteoric rise through the halls of Westminster and into 11 Downing street.
Born in Southampton in 1980 to Punjabi Hindu parents, the Richmond MP attended the revered Winchester Collage where he was head boy. He then went on to study for a prestigious Politics, Philosophy and Economics a degree from Oxford, graduating with a First in 2001.
From here he joined renowned firm Goldman Sachs as an investment banker, before leaving to complete a Master of Business Administration degree from Stanford University in the USA in 2006, after acquiring a Fulbright Scholarship.
From here he went on to set up his own investment fund, Theleme Partners in 2011 before pursuing a career in politics.
Elected to parliament in 2015 Rishi has a track record for voting with the government in power. Despite this he voted to leave the EU in the Brexit referendum. Before entering the upper tiers of government he served as Chief Secretary to the Treasury, the Chancellor's number two.
In February 2020 Sunak was given the Chancellor's briefcase at the relatively spritely age of 39—his predecessor Sajid Javid was a full ten years old.
He is now regarded as a serious contender to be come the future PM, having represented the government in a number of high profile debates, and relative success in navigating the country's coffers through the pandemic.
What is Rishi Sunak's net worth?
Mr Sunak who has been collecting an MP's wage since his election in 2015 will earn him £81,932 per year which is now bolstered by the Chancellor's salary of £71,090.
The Sun has claimed that the figure of his actual net worth is in fact far higher, alleging he is worth some £200 million making him likely to be among the richest MPs in the commons.
It is understood he and his wife, Akshata, are joint owners of a sizable property portfolio, which the Times Report is worth some £10 million.
Who is Rishi Sunak's wife?
Rishi married to Akshata Murthy in 2009, in a two-day wedding in Bangalore.
The two met during their time studying at Stanford. They now live in Yorkshire together with their two daughters, Krishna and Anoushka.
Akshata Murthy is the daughter of billionaire N.R. Narayana Murthy, co-founder of IT giant Infosys is one of India's richest men: Forbes reported him to be worth £3.1 billion.
Akshata runs fashion label Akshata Designs and is also a director of a venture capital firm founded by her dad in 2010.
Source: Read Full Article
