[15]
”And this April, as skyrocketing energy prices added more urgency to an already devastating crisis, Chancellor Rishi Sunak said it would be “silly” for the government to provide more help to struggling families now. Despite households across the country facing an average £700 ($879) increase in their gas and electricity bills immediately after April, with another 50 percent spike expected in October, Sunak – whose family is worth more than £700 million ($879 million) – said he won’t act before “knowing what the situation will be in autumn”
ALJAZEERA
TORY DISDAIN FOR THE POOR IS FUELLING UK’S
COST OF LIVING CRISIS
23 MAY 2022
SEE FOR THE WHOLE TEXT, NOTE 10
[16]
”Despite households across the country facing an average £700 ($879) increase in their gas and electricity bills immediately after April, with another 50 percent spike expected in October, Sunak – whose family is worth more than £700 million ($879 million) – said he won’t act before “knowing what the situation will be in autumn”.
ALJAZEERA
TORY DISDAIN FOR THE POOR IS FUELLING UK’S
COST OF LIVING CRISIS
23 MAY 2022
SEE FOR THE WHOLE TEXT, NOTE 10
WIKIPEDIA
RISHI SUNAK/RISHI SUNAK AND HIS FAMILY’S WEALTH
ORIGINAL SOURCE
WIKIPEDIA
RISHI SUNAK
[17]
CBS NEWS
RISHI SUNAK, THE UK’S NEW PRIME MINISTER, IS
RICHER THAN THE ROYALS
25 OCTOBER 2022
Rishi Sunak will become the wealthiest ever prime minister of the U.K., with his family’s personal fortune surpassing even that of the royals.
Sunak, 42, is breaking plenty of ground as he becomes the country’s third premier in under two months. He’s the U.K.’s youngest leader since 1812, as well as the first person of color to serve in the role.
But Sunak’s personal wealth is also grabbing outsized attention, especially as he takes the helm at a time the U.K. is facing an economic crisis he described as “profound” in his first address as prime minister. Sunak and his wife Akshata Murty are worth a combined $837 million (or 730 million pounds), according to the Sunday Times Rich List.
Before her death, Queen Elizabeth was estimated to have a personal net worth of $424 million (370 million pounds), according to the Sunday Times.
Sunak and his wife will become the wealthiest residents of No. 10 Downing Street, the residence of the prime minister, surpassing that of the previous record holder. That was Edward Stanley, the 14th Earl of Derby, who served as prime minister three times in the 1800s and was worth about $509 million in today’s dollars, according to the Guinness Book of World Records.
Source of wealth
Sunak’s grandparents immigrated from India to East Africa, where his mother and father were born — in Tanzania and Kenya, respectively — according to Encyclopedia Britannica. His parents met in England after they immigrated there in the 1960s, his father becoming a doctor and his mother a pharmacist.
Born in 1980, Sunak attended the exclusive boarding school, Winchester College, where he was the editor of the school newspaper and the “head boy,” which is a leadership role for students in the U.K. He then went on to college at Oxford University and, after graduating, worked at Goldman Sachs for several years.
Sunak left Goldman to pursue an MBA at Stanford University, where he met his wife, the daughter of billionaire Narayana Murty, the cofounder of Indian technology services company, whose worth Forbes pegs at $4.5 billion.
After Stanford, Sunak held roles with various hedge funds. His assets are greatly buoyed by his wife’s almost 1% stake in Infosys, which has a market value of about $77 billion.
Tax, green card issues
Sunak and his wife earlier this year aroused public scrutiny over their taxes, when reports surfaced that his wife held a “non-domiciled” status that allowed her to avoid U.K. taxes on foreign earnings.
Murty changed her tax status, but Sunak was dogged by another issue: He held a green card to work in the U.S. while serving as an MP and later as Chancellor of the Exchequer under former Prime Minister Boris Johnson. Critics suggested he was keeping his options open, portraying him as unpatriotic. Sunak gave up the green card in October 2021, according to reports.
At a recent event, Sunak said he didn’t believe people should hold his wealth against him.
“I think in our country, we judge people not by their bank account, we judge them by their character and their actions,” he said, according to Reuters. “And yes, I’m really fortunate to be in the situation I’m in now, but I wasn’t born like this.”
END OF THE ARTICLE
[18]
WIKIPEDIA
RISHI SUNAK/BUSINESS CAREER
ORIGINAL SOURCE
WIKIPEDIA
RISHI SUNAK
CONSERVATIVES
RISHI SUNAK/ABOUT ME
I grew up watching my parents serve our local community with dedication. My dad was an NHS family GP and my mum ran her own local chemist shop. I wanted to make that same positive difference to people as their Member of Parliament and I was first elected to represent this wonderful constituency in 2015 and re-elected in 2017 and 2019. I live in Kirby Sigston, just outside Northallerton.
I have been fortunate to enjoy a successful business career. I co-founded a large investment firm, working with companies from Silicon Valley to Bangalore. Then I used that experience to help small and entrepreneurial British companies grow successfully. From working in my mum’s tiny chemist shop to my experience building large businesses, I have seen first-hand how politicians should support free enterprise and innovation to ensure our future prosperity.
My parents sacrificed a great deal so I could attend good schools. I was lucky to study at Winchester College, Oxford University and Stanford University. That experience changed my life and as a result I am passionate about ensuring everybody has access to a great education. I have been a school governor, a board member of a large youth club, and have always volunteered my time to education programmes that spread opportunity.
I have been lucky to live, study and work internationally. I met my wife, Akshata, in California where we lived for a number of years before returning home. We have two daughters, Krishna and Anoushka, who keep us busy and entertained.
In my spare time I enjoy keeping fit, cricket, football and movies.
In July 2019 I was appointed Chief Secretary to the Treasury, having entered Government service as the Minister for Local Government in January 2018. In February 2020, I had the honour to be appointed Chancellor of the Exchequer, a position I held until July 2022.
On October 25, I was honoured and privileged to be appointed UK Prime Minister.
FROM
ORIGINAL WEBSITE
[19]
ON THE DEATH OF THE VENEZUELAN PRESIDENT
HUGO CHAVEZ/NO HERO, NO DICTATOR
ASTRID ESSED
3 APRIL 2013
[20]
WIKIPEDIA
RISHI SUNAK/EARLY LIFE AND EDUCATION
ORIGINAL SOURCE
WIKIPEDIA
RISHI SUNAK