Rishi Sunak Religion Wikipedia, Religious, Children, Net Worth, Father, Family Background, Wife Age

Rishi Sunak Religion Wikipedia, Religious, Children, Net Worth, Father, Family Background, Wife Age

Rishi Sunak Religion Wikipedia, Religious, Children, Net Worth, Father, Family Background, Wife Age – Rishi Sunak is a well-known name in the United Kingdom’s political landscape. Born on May 12, 1980, in Southampton, Hampshire, South East England, Sunak has become a prominent figure in British politics. His journey from a family with immigrant roots to becoming the Prime Minister of the United Kingdom is both remarkable and inspiring.

Rishi Sunak Early Life and Family Background

Sunak’s family has its roots in India, particularly Punjab. His grandparents left India and moved to East Africa. In Tanzania and Kenya, Sunak’s parents were born. The two met and married after their families migrated to Southampton, England, in the 1960s. Rishi Sunak’s father worked as a general practitioner in the National Health Service, while his mother owned and operated a small pharmacy. Sunak, being the eldest of their three children, would eventually help with the family’s finances by keeping the pharmacy’s books.

The values Sunak gained from his family’s experiences and his time working in the family business would later shape his political career. He drew parallels between his own experiences and the values espoused by Conservative Party icon Margaret Thatcher, who was the daughter of a grocer.

Thanks to his parents’ sacrifices and savings for his education, Sunak had the opportunity to attend Winchester College, an exclusive private school. Winchester College has produced no fewer than six chancellors of the Exchequer. During his time at Winchester, Sunak served as the “head boy” and was also the editor of the school’s newspaper. During summer vacations, he worked as a waiter at an Indian restaurant in Southampton. After Winchester, Sunak pursued a degree in Philosophy, Politics, and Economics (PPE), a degree often obtained by future prime ministers, at Lincoln College, Oxford. There, he also served as the president of the Oxford Trading & Investment Society and had an internship at the Conservative Party’s headquarters.

Rishi Sunak Religion

He follows Hinduism and frequently visits temples.

Rishi Sunak Business and Education

Upon graduating from Oxford in 2001, Sunak began working as an analyst for Goldman Sachs, a prominent investment banking company, a position he held until 2004. He then pursued an MBA at Stanford University as a Fulbright scholar, where he met his future wife, Akshata Murthy. Akshata is the daughter of Narayana Murthy, an Indian billionaire and co-founder of the technology giant Infosys. Sunak’s career in business continued as he joined The Children’s Investment Fund Management (TCI), a hedge fund run by Sir Chris Hohn, and later became a partner in the firm. In 2009, Sunak left TCI to join another hedge fund, Theleme Partners. In the same year, he married Akshata, and they have two daughters. Together, they began amassing considerable wealth, with their net worth estimated at around £730 million ($877 million) in 2022 by The Sunday Times. Some sources even suggested Akshata Murthy’s net worth could be as high as £1 billion ($1.2 billion).

Rishi Sunak Career

Sunak’s political career began in 2010 when he started working for the Conservative Party. During this period, he also became involved with Policy Exchange, a leading Conservative think tank, where he became the head of the Black and Minority Ethnic (BME) Research Unit in 2014. In the same year, Policy Exchange published “A Portrait of Modern Britain,” a pamphlet co-authored by Sunak and Saratha Rajeswaran, the deputy head of the BME unit.

In 2014, Sunak was selected as the Conservative Party’s candidate for the House of Commons representing Richmond in North Yorkshire, a safe Conservative seat in the north of England, previously held by one-time party leader William Hague. Sunak was elected by a commanding majority in May 2015. He initially identified as a Euroskeptic and supported the “leave” camp during the Brexit referendum, believing it would make the United Kingdom “freer, fairer, and more prosperous.” Sunak was reelected to Parliament in 2017 and 2019 and supported Prime Minister Theresa May’s Brexit plans.

From 2015 to 2017, he served as a member of the Environment, Food and Rural Affairs Select Committee and as a parliamentary private secretary at the Department for Business, Energy and Industrial Strategy. In January 2018, he was appointed to his first ministerial post as the undersecretary of state at the Ministry of Housing, Communities and Local Government. Sunak’s vocal support for Boris Johnson’s bid for party leadership and his role as chief secretary to the Treasury, appointed in July 2019, positioned him as a rising star within the Conservative Party.

• Chancellor of the Exchequer

Sunak’s journey to becoming one of the most recognizable figures in UK politics reached a turning point when he became the Chancellor of the Exchequer. His predecessor, Sajid Javid, resigned in February 2020, and Boris Johnson appointed Sunak to the position. At the age of 39, Sunak became the fourth youngest person ever to hold this vital role.

Sunak’s tenure as Chancellor was marked by significant challenges brought about by the COVID-19 pandemic. As the pandemic led to economic turmoil, Sunak implemented a wide-ranging economic support program that dedicated approximately £330 billion ($400 billion) in emergency funds for businesses and salary subsidies for workers. These measures aimed to retain jobs and ease the economic burden of the lockdowns.

One of Sunak’s notable initiatives was the “Eat Out to Help Out” scheme, which aimed to support restaurants and pubs by offering government-subsidized food and drinks. While the program was seen as a success by some, critics pointed out that it may have contributed to a spike in COVID-19 cases during the autumn of 2020. Sunak’s composed and polished demeanor made him a familiar and reassuring presence during daily press conferences, especially when the Prime Minister appeared less composed.

• Political Ambitions and “Partygate” Scandal

Sunak’s political ambitions came to the forefront when he announced his candidacy for the Conservative Party Leadership Election in July 2022, following Boris Johnson’s resignation. While his bid gained support from some prominent figures within the party, it also faced criticism from those who believed it contributed to Johnson’s downfall. Sunak’s campaign featured websites like “readyforrishi.com” and “ready4rishi.com,” signaling his intention to lead the party.

However, his campaign faced significant challenges. Some Conservatives questioned his wealth and ability to understand the needs of average citizens, given the backdrop of rising inflation. Sunak had also imposed tax increases on corporations and national insurance to help fund the government’s pandemic relief programs, which drew the ire of some party members.

In the end, Sunak faced off against Foreign Secretary Liz Truss in the Conservative Party leadership contest. Truss emerged victorious with 57.4% of the vote, becoming the new party leader.

• Return to Leadership Contention and Becoming Prime Minister

Liz Truss’s brief tenure as Prime Minister proved turbulent, marked by controversial economic policies and a lack of confidence from financial markets. After just 44 days, Truss resigned, triggering another leadership contest within the Conservative Party.

This time around, Sunak, who still enjoyed significant support among MPs, was an early favorite. However, Defense Secretary Ben Wallace’s conditional support for Boris Johnson complicated the race. Johnson, who had previously been ousted from office, re-entered the contest and garnered support from a faction of the party membership.

Ultimately, Johnson withdrew from consideration the day before nominations were due, leaving Sunak as the sole remaining candidate. On October 24, more than half of the MPs had committed to nominating Sunak, making his confirmation as party leader a near-certainty. This set the stage for him to become the Prime Minister of the United Kingdom.

Rishi Sunak Personal Life and Controversies

In addition to his political career, Sunak’s personal life has drawn attention. He married Akshata Murthy, the daughter of Indian billionaire N.R. Narayana Murthy, in August 2009. The couple has two daughters. Akshata is not only a successful businesswoman but also a director at Catamaran Ventures, owned by her father.

One controversy that surrounded Sunak’s family was related to his wife’s tax arrangements. Akshata Murthy, as a non-domiciled UK resident and Indian citizen, claimed a tax status that allowed her to avoid paying British taxes on overseas income. This arrangement reportedly saved her as much as £20 million ($24 million) in UK taxes over a seven-and-a-half-year period. Although this was legal, it raised questions about the couple’s financial practices and prompted Akshata Murthy to revise her tax status to pay UK taxes on her global income in April 2022.

Another issue that stirred controversy was Sunak’s possession of a U.S. Permanent Resident Card, commonly known as a green card, until late October 2021. This suggested an openness to maintaining U.S. residency and raised questions about his commitment to the UK. Sunak explained that he held onto the card because he had a meeting with the U.S. President, Donald Trump, in 2020, and the appearance at a birthday party for Boris Johnson in 2020, in violation of government rules against social gatherings during the pandemic. Sunak claimed his presence at the party was inadvertent and due to an early meeting with the Prime Minister.

• Personal Traits and Beliefs

Throughout his career, Rishi Sunak has been known for his polished image and social media savvy. He is often described as an immaculately dressed and handsome politician with a down-to-earth demeanor. Sunak earned the nickname “Dishy Rishi” and was even named “Britain’s sexiest MP” in 2020.

On matters of policy and belief, Sunak’s stance on issues such as trans rights has evolved over time. In 2022, he answered “No” when asked if a transwoman is a woman, a response that generated controversy and criticism. However, earlier in his political career, he expressed support for the transgender community and emphasized the importance of respecting people’s views.

In terms of religion, Sunak follows the Hindu faith and is known to visit temples.

Rishi Sunak Net Worth

As of 2022, Rishi Sunak’s personal net worth was reported to be around £200 million. When combined with his wife Akshata Murthy’s wealth, their collective net worth was estimated at approximately $810 million. This placed them at the 222nd position on the Sunday Times Rich List in 2022.

Rishi Sunak Social Media Accounts

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Conclusion

Rishi Sunak’s rise from a family with immigrant roots to becoming the Prime Minister of the United Kingdom is a testament to his ambition and political acumen. His journey, marked by successes and controversies, highlights the complexities of modern politics. As Prime Minister, Sunak faces the challenges of leading the nation, addressing economic concerns, and navigating the ever-changing political landscape. His story continues to unfold, and the impact of his leadership on the United Kingdom remains to be seen.

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