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British PM Rishi Sunak, Wife Akshata Murty’s Wealth Soars In 2024 Rich List

Rishi Sunak

London: British Prime Minister Rishi Sunak and his wife, Akshata Murty, have ascended in the 2024 ‘Sunday Times Rich List,’ moving up to 245th place from 275th last year. Their estimated combined wealth now stands at GBP 651 million, primarily due to Akshata Murty’s substantial shares in Infosys.

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Both 44 years old, the couple’s financial rise is largely attributed to Murty’s holdings in Infosys, the Bangalore-based IT company co-founded by her father, Narayan Murthy. Financial statements reveal that in 2022-23, Rishi Sunak earned GBP 2.2 million, whereas Akshata Murty received approximately GBP 13 million in dividends from her Infosys shares over the past year.

The newspaper’s analysis highlights that Infosys shares increased by GBP 108.8 million, reaching a value of nearly GBP 590 million. It is projected that Murty will receive an additional GBP 10.5 million in dividends this year.

The ‘Sunday Times Rich List’ for 2024 is topped by the Hinduja family, whose wealth grew to GBP 37.196 billion, bolstered by the opening of their new luxury OWO Hotel in London. The Hinduja group’s operations span 48 countries and various industries, including automotive, oil, banking, IT, healthcare, and real estate.

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David and Simon Reuben, Indian-born brothers, are ranked third on the list with an estimated wealth of GBP 24.977 billion, up from fourth place last year. NRI steel magnate Lakshmi N. Mittal is in eighth place with GBP 14.921 billion, a drop of two positions, while Anil Agarwal of Vedanta Resources ranks 23rd with GBP 7 billion.

Other notable Indian-origin billionaires include Prakash Lohia at 30th with GBP 6.23 billion, Mohsin and Zuber Issa at 39th with GBP 5 billion, and Navin and Varsha Engineer at 58th with GBP 3 billion. The Arora brothers, Simon, Bobby, and Robin, are 65th with GBP 2.682 billion, followed by Lord Swraj Paul and family at 67th with GBP 2.6 billion. Sunder Genomal is 77th with GBP 2.214 billion, and Jasminder Singh and family are 83rd with GBP 2.001 billion.

The 36th edition of the list notes a decrease in the number of billionaires, down from 177 in 2022 to 165 this year. Robert Watts, the list’s compiler, commented that the billionaire boom in Britain appears to be waning, with many wealthy individuals seeing their fortunes decline or relocating.

A significant milestone is reached by former Beatle Sir Paul McCartney, who has become the first UK musician to be listed as a billionaire, having increased his wealth by GBP 50 million over the past year.

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