This week, everyone has been watching Rishi Sunak, who seems likely to become the leader of the Conservative Party.
His wife, Akshata Murty, who is thought to be worth hundreds of millions of pounds, got into trouble last year when she was accused of using his wife’s nom-dom status to avoid paying UK taxes. She has already confirmed the arrangement which means she doesn’t have to pay British taxes on the money she makes abroad.
Early Life of Akshata Murty
Akshata Murty was born in the Indian city of Hubli in April 1980. Her mother Sudha was the first woman hired as an engineer by TATA Engineering and Locomotive Company, which makes the most cars in India. Sudha got the job after she wrote a letter to the Chairman of TATA complaining that there were no women engineers at the company. The letter got her an interview, which led to a job offer. Sudha is a member of the Gates Foundation and a philanthropist now.
Academic Background of Akshata Murty
Akshata went to the prestigious Baldwin Girls’ High School in Bangalore, India. She then went to Claremont McKenna College in California to get her bachelor’s degree in French and Economics. She also went to the Fashion Institute of Design & Merchandising in California and got a degree in making clothes while she was there.
In 2006, she signed up for the MBA program at Stanford University. Rishi Sunak, who would become her husband, was also in graduate school with her at Stanford. In 2009, they got married, and now they have two daughters.
Net Worth of Akshata Murty
Akshata, who is 42 years old, is the daughter of Narayana Murthy, one of the wealthiest persons in India. This makes her a member of a distinguished family. And until the past year, nobody understood how much money she actually had. According to The Sun, Rishi’s net worth is approximately £200 million, while Akshata’s is over £500 million. According to the Sunday Times Rich List, the couple’s total wealth exceeds that of the late Queen Elizabeth II by £730 million.
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According to The New York Times, the couple owns “at least four properties.” One of these is a seven-million-pound home in Kensington where the couple resides with their two children, Krishna and Anoushka. Their two kids, Krishna and Anoushka, attend a South Kensington private school for girls. There is also Harper Beckham, the daughter of Victoria and David Beckham.
Career Life of Akshata Murty
After going to school in Los Angeles at the Fashion Institute of Design and Merchandising, Rishi’s wife, Akshata, started her own fashion brand in 2007. The company wanted to show respect for Indian culture by finding and helping artists in small villages and working with them to use their design ideas as inspiration for something new.
She told Vogue, “The story behind a piece of clothing is important to me. It’s about being real, making things well, and keeping a rich history alive.” “It’s important to me to do something in India for India because it’s in our blood.” But Akshata has also said that her mother often yelled at her because she cared more about style and fashion than her schoolwork.
Akshata also has shares in Infosys, the business that her family runs. On her LinkedIn page, it says that she is a director of Catamaran Ventures, the company she and Rishi started together, as well as of the gym chain Digme Fitness and the Etonian tailor New & Lingwood. She has also been associated with Jamie Oliver’s restaurant.
Personal Life and Real Estate of Akshata Murty
Since 2009, Akshata and Rishi have been married, and they have two kids, Krishna and Anoushka. Rishi Sunak and Akshata Murty are reported to own global real estate worth $20 million. The couple’s main home is a 5-bedroom mansion in the West London neighborhood of Kensington. This building is worth $10 million by itself.
They go to a place in the country called Kirby Sigston Manor on the weekends. The estate is in North Yorkshire, England, and was built in 1826. It is a grade II National Heritage manor. In 2015, the family paid 1.5 million pounds for the manor. After they bought the house, they spent an extra £400,000 to turn some of it into a wellness retreat with a modern pool, spa, and gym. People say that they spend about $20,000 a year just to heat the 50-by-16-foot pool.
Rishi ran a hedge fund in California for a few years, and he and his wife still own a $7 million penthouse apartment there. It is in the beach town of Santa Monica.
Infosys Stake of Akshata Murty
During the change of Prime Minister in July 2022, her husband’s reputation grew, and it came out that Akshata owned 0.93% of Infosys, or about 39 million shares of the publicly traded company. Also, it came out that Akshata had gotten $14 million in dividends from the company the year before.
Infosys is the second largest IT company in India. The company, which is traded on the stock market (NYSE: INFY), makes $16 billion in sales and $4 billion in profits every year. As of this writing, the market cap of the company is $80 billion, but it has recently been worth more than $100 billion.
Using a market cap of $80 billion, the 39 million shares of Akshata are worth about $744 million. At the end of 2021, when the British pound was doing well against the dollar and Infosys’ market cap was over $110 billion, Akshata’s stake made her a paper billionaire in US dollars.
Akshata’s father, N.R. Narayana Murthy (father’s surname is spelled differently), is worth $4.6 billion. This makes him one of the fifteen richest individuals in India. Rohan Murty is the brother of Akshata.
Final Words
Akshata Murty was born in 1980 in the Indian city of Hubli. Her mother Sudha was the first woman hired as an engineer by TATA Engineering and Locomotive Company. Akshata’s net worth exceeds that of Queen Elizabeth II by £730 million. Akshata Murty is a director of Catamaran Ventures, Digme Fitness, and New & Lingwood. She and her husband Rishi Sunak own global real estate worth $20 million.
