Rishi Sunak is ready to succeed as the next Prime Minister of Britain after he won the race of leading the Conservative Party. Rishi Sunak is one of the wealthiest politicians in Westminster, he will also become Britain’s first leader of color. He formed the Government by the official orders of King Charles by replacing the former PM Liz Truss who only lasted 44 days as the UK’s PM before she resigned.
Rishi Sunak’s campaign to be the Prime Minister of Britain after the resignation of Boris Johnson on July 7, 2022, received support from the Deputy Prime Minister of Britain Dominic Raab, and transport minister Grant Shapps, who decided to ditch his own leadership bid to back Rishi Sunak.
Rishi Sunak says he always looked up to his parents and like them, he wanted to make a difference in society as soon as he was elected as the Member of Parliament for the first time in 2015 for Richmond in North Yorkshire.
Rishi Sunak Net Worth
His parents were of Indian Origin and they came to the UK from east Africa as immigrants. Mr. Sunak was born in Southampton in 1980. He says that as he grew up watching his parents serve their local community with commitment. He further talks about his family his father was an NHS family GP and his mother was a chemist shop owner. He is married to Akshata whom he met in California and they both tied the knot in 2009. His wife is the daughter of Indian billionaire N.R. Narayana Murthy and she serves as the director at Catamaran Ventures. She has her own fashion label and is among the wealthiest women in Britain. They have two daughters, Krishna and Anushka
Rishi Sunak Education and Career
He completed his studies at Winchester College, Oxford University, and Stanford University He accepted an internship at Conservative Campaign Headquarters at the time of his graduation from the university. He has also been a school Governor, and a board member of a large youth club too, where he used to volunteer for education programs that spread opportunity. Since he was young wanted to be a Jedi Knight. His favorite Star Wars film is The Empire Strikes Back but as he grew up his dreams changed and he worked hard to become a successful businessman From 2001 to 2004, he worked as an analyst at Goldman Sachs, in an investment bank but as he was not satisfied he left the job to join The Children’s Investment Fund Management and he became a partner in September 2006. He joined the firm Theleme Partners in 2009. He was also a director of an investment firm Catamaran Ventures which was owned by his father-in-law and businessman N. R. Narayana Murthy.
|Birth||12 May 1980|
|Parents||Yashvir Sunak (Father)|
|Usha Sunak (Mother)|
|Lincoln College, Oxford|
|Children||Two, Krishna and Anoushka|
|Former Investment Analyst|
|Net Worth||£3.1 billion|
|Hobbies||Keeping ft, cricket football, movies|
|Lives in||Kirby Sigston, just outside Northallerton|
|Net Worth||The Sunday Times Rich List estimated that the couple’s net|
|worth is about £730m|
Rishi Sunak Political Career
After the resignation of former UK PM Boris Johnson, Rishi Sunak announced that he would stand as a candidate in the Conservative Party Leadership Election. Rishi Sunak met with a lot of criticism, many blamed him for the charges of bringing down Prime Minister Boris Johnson.
He was first elected in 2015 for Richmond in North Yorkshire, a position which was previously held by William Hague. In 2015 he headed the Black and Minority Ethnic Research Unit of Policy Exchange and co-drafted a report on BME communities in the United Kingdom. He also supported the EU referendum in 2016.
He got re-elected in 2017 where he served as a member of the Environment, Food and Rural Affairs Select Committee, that year he wrote a report for the Centre for Policy Studies in which he supported the establishment of free ports after Brexit, and the same year he wrote a report advocating the creation of a retail bond market for the SMEs.
Rishi Sunak Biography
After his entry into the government services as minister for Local Government in January 2018, in July 2019 was re-elected and was appointed as Chief secretary to the treasury and served under Chancellor Sajid Javid. He became a member of the Privy Council on 25 July 2019.
His Education and Career
During the Pandemic in 2020, he presented his first budget of £30 billion created financial impact in mitigating the economic impact of COVID -19 during the pandemic he also announced £330 billion for the emergency support to businesses and a salary subsidy scheme for employees and also a the job withholding scheme too
In February 2020, he was given the honor being appointed as Chancellor of the Exchequer, a position that he held until July 2022. At the G7 Summit in June 2021, a tax reform agreement was signed for the establishment of a global minimum tax on multinational companies and online technology companies..
In October 2021, he unveiled his third budget which included £5bn for health research and innovation and £3bn for skills education. And finally, he is appointed as UK Prime Minister but it wasn’t a piece of cake for him as he won after running for the second time this year before he lost to Liz Truss in September, who resigned six weeks later.
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Rishi Sunak’s Interesting Facts
Mr. Rishi Sunak was behind the financial aid during lockdowns – including leave payments and the “Eat Out to Help Out” scheme for restaurants. He also campaigned for Brexit and deregulation around the areas near ports or airports where goods can be imported and exported without paying taxes, to encourage trade.