While all eyes are on Rishi Sunak, Britain’s next prime minister after former leader Liz Truss controlled 44 days in office, much has been said about her vast unpublic fortune.
The British tabloids dubbed the politician “Rishi Rich,” a play named after the children’s film Richie Rich about the world’s richest boy.
Sunak, 42, and his wife and heiress Akshata Murthy are among Britain’s richest people and together worth £730 million ($828 million), according to the Sunday Times Rich List, a rating formula established during the newspaper’s year.
He was the first top politician to appear on the Rich List since its inception in the late 1980s.
Sunak, who once worked for Goldman Sachs, made his fortune as a hedge fund manager and later married Murthy, an Indian heiress who owns shares in Infosys, the company founded by his billionaire father.
The couple’s estimated wealth makes them richer than King Charles III, who inherited $500 million upon the queen’s death, though the royals also have a portfolio of assets that adds jewelry, art, palaces and land valued at $42 billion.
The Sunak family’s finances sparked controversy in April, when Sunak was still chancellor, after it emerged that Murthy, who ran her own fashion label, did not pay UK taxes on her source of income because she had “homeless” prestige as an Indian citizen. .
But after the discussion, Murthy agreed to pay the taxes and said the procedure was “totally legal . . . It has become clear that many do not believe this is compatible with my husband’s role as chancellor. “
Sunak’s wealth would possibly have attracted attention in some quarters, but top politicians tend not to struggle to make ends meet during the time they succeed at the top. So how does Sunak’s wealth compare to that of its long-term peers on the global stage??
While the Saudi royal circle of relatives and some African dictators would possibly mock Sunak’s bank balance, what about the rulers of China, Russia and South Korea?And how does Sunak’s wealth compare to that of the democratically elected in the West?
President Joe Biden positions himself as a “middle class” president, yet Forbes’ public records research suggests his fortune stood at around $8 million last June.
Interestingly, the publication warned that he deserves to be even richer than that, given that he raised more than $17 million after his time as vice president through promoting books and giving speeches on the circuit after dinner.
Even taking into account the $7 million spent on taxes and another $1. 3 million on charity, as well as mortgages and staff bills, there’s still a little more left in their bank accounts. The magazine warned that he may have spent heavily or given cash to his family.
Still, his wealth is dwarfed by that of his predecessor, with former President Donald Trump as the first billionaire president. Forbes estimated his fortune at $3. 2 billion, much of which comes from real estate and its resorts, even though Trump claimed he’s richer than that. .
Prime Minister Justin Trudeau is worth about $10 million, most commonly a circle of family wealth, according to the website Celebrity Net Worth. His father, Pierre, also prime minister, and grandfather had made their fortunes in real estate and gas stations.
Prime Minister Anthony Albanese is known for his humble beginnings and grew up in public housing. It now owns an asset portfolio of $5 million according to the Daily Mail.
President Emmanuel Macron enjoyed a high-flying career as a leading investment banker and amassed millions before entering politics. But since then, his fortune has swelled and now stands at just $540,815, according to a report by British newspaper Daily Express.
The pay cut once he entered the civil service and the main source of income taxes in France would have been the cause of his declining wealth.
Volodymyr Zelensky is worth between $20 million and $30 million, according to Forbes, thanks to his shares in a successful television company, which he quit when he took over, though he is likely to regain them later.
Mystery surrounds President Xi Jinping’s non-public wealth, with estimates ranging from $1 million to $1. 2 billion, on news sites, though none of those figures involve sources. This data is not made public and cannot be verified, which makes almost most of It is unlikely that you know the leader’s non-public wealth.
Supreme Leader Kim Jong-un was worth $5 billion in March 2013, according to a joint U. S. -South Korean investigation.
He reportedly owns a number of opulent palaces and mansions, a yacht, a plane, and a hundred luxury cars, according to the International Business Times.
In March of this year, Fortune magazine published an article titled “Is Putin Secretly the Richest Man in the World?It remains an enigma because President Vladimir Putin’s finances are shrouded in mystery.
The Kremlin insists Putin earns a modest salary and lives in an 830-square-foot apartment, but experts have denied those claims. Putin, which the Kremlin has denied.
According to CEO Today, former Russian government adviser Stanislav Belkovsky estimated that Putin is worth $70 billion, while others estimated he could succeed at $200 billion, such as Russia-based American hedge fund manager Bill Browder.
Browder testified to those claims before the U. S. Senate Judiciary Committee. U. S. in 2017.
And the guy regarded as the richest in the world, Tesla and SpaceX tycoon Elon Musk, whose Forbes price tag estimates at $214 billion, has claimed in the past that he believes Putin is richer than him.
Now that Trump and his billions have left office, this means that Britain’s new prime minister is richer than any of his democratically elected counterparts in the entire West.
But it turns out he would be the poorest user of the room if he met privately with Putin or Kim Jong-un.
Newsweek has contacted Sunak for comment.
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