Who is Rishi Sunak: Early Life and Career
Rishi Sunak was raised in Southampton and attended Winchester College. His parents are of Indian descent and immigrated to the UK from East Africa in the 1960s. Rishi Sunak then studied philosophy, politics, and economics (PPE) at Lincoln College in Oxford before earning an MBA as a Fulbright Scholar from Stanford University in California.
Who is Rishi Sunak: Personal Life
Rishi Sunak met Akshata Murty, the daughter of N. R. Narayana Murthy, the billionaire Indian businessman who founded Infosys, while attending Stanford University, where she would later become his wife.
Rishi Sunak: Income
- Rishi Sunak and Murty rank as the 222nd and 243rd richest individuals in Britain, With a combined wealth of £730 million as of 2022.
- With a net worth of $4.5 billion (£3.45 billion), Rishi Sunak is the famous Chancellor of the Exchequer in the world.
- Rishi Sunak started working as an analyst on Wall Street at Goldman Sachs.
- When this role was first established, its employees made an average of $63,000 a year, with affiliates making an average of $115,000.
Rishi Sunak: Political Career
- In the 2015 general election, Sunak replaced William Hague as the representative for Richmond (Yorks) in North Yorkshire in the House of Commons.
- Sunak voted to leave the EU in the 2016 referendum. In the 2018 cabinet shake-up, he was chosen to serve as the Parliamentary Under-Secretary of State for Local Government in Theresa May’s second administration.
- He cast three yes votes for May’s Brexit withdrawal deal.
- Sunak backed Boris Johnson’s bid to lead the Conservative Party after May quit. Sunak was named Chief Secretary to the Treasury by Johnson after he was elected and given the position of Prime Minister.
- Following Sajid Javid’s departure during the February 2020 cabinet change, Sunak took over as Chancellor of the Exchequer.
- As Chancellor, Sunak played a significant role in the financial reaction of the government to the COVID-19 epidemic and its effects on the economy, including the Coronavirus Job Retention and Eat Out to Help Out programmes.
- Rishi Sunak received a fixed penalty notice for violating COVID-19 regulations during lockdowns, making him the first Chancellor of the Exchequer in British history to have been punished for breaking the law while in office.
- This occurred during the Partygate scandal. On July 5, 2022, he submitted his letter of resignation as chancellor, citing disagreements with Johnson on economic policies.
- Johnson resigned amid a cabinet crisis as a result of Rishi Sunak’s departure and Javid’s resignation as Health Secretary.
- He declared his candidacy for the position of Conservative Party leader to succeed Johnson on July 8, 2022.
- Rishi Sunak received the most votes among Conservative MPs on July 20 and faced Liz Truss in a postal ballot among party members.
- With only 42.6% of the vote, he ultimately lost the contest for the conservative leadership to Truss.