How Rishi Sunak married into nearly US$1 billion in tech money: Britain’s new PM grew up privileged, has a bigger net worth than King Charles – and once said he has no ‘working-class friends’
- Sunak and his billionaire heiress wife Akshata Murty have a fortune of US$825 million; but he had a wealthy childhood studying at Winchester College and Oxford
- The former chancellor to Boris Johnson took over from Liz Truss in October, but has been criticised for his gigantic fortune, alleged tax scandals and splurges
Rishi Sunak is set to become Britain’s newest prime minister, taking over from Liz Truss after her astonishingly short – and chaotic – time in office.
Truss’ slashing of taxes and subsequent policy U-turns during her brief six weeks in office spooked the markets and plunged Britain into financial turmoil.
Her aggressive tax-cutting plan coupled with already soaring interest rates and a squeeze on energy prices worldwide has left many Brits with distinct financial worries and in a cost of living crisis.
The UK now has more food banks than McDonald’s, and many people are making the choice between eating and heating their homes, as shared by Insider. The Guardian reported in August that almost a quarter of the country is planning not to turn on the heating this winter.
On October 24, Sunak secured the backing of his Conservative Party to become its leader, thereby becoming the UK’s presumptive PM.
As a former Chancellor of the Exchequer, Sunak’s grasp of fiscal policy may be welcomed by a country facing immense financial difficulties.
