We all know that Rishi Sunak, son-in-law of Infosys co-founder Narayan Murthy, is the Finance Minister of England.
Akshata Murty’s daughter’s name is Akshata Murty. Sunak and Akshata have been included in the Sunday Times Rich List. The couple is at 222nd position in this list with a combined wealth of 73 million pounds (over Rs 7000 crores). The Hinduja brothers of Indian origin top the list with an estimated net worth of £28,472 billion. Sunak is the first frontline leader to be included in the 34-year history of the annual ranking of Britain’s richest people. Sunak’s wife Murthy holds a 0.93 per cent stake in Infosys, ie she is the owner of around £69 million.
Shri and Gopichand Hinduja and their family are in the first place in this list, they had dropped to third place last year. It said, most of his money is invested in companies listed on the Indian stock exchange. The family’s stake in Mumbai’s IndusInd Bank is £4.545 billion. Also third on the list is India-born brothers David and Simone Reuben and their family with an estimated net worth of £22.265 billion.
Rishi Sunak became a politician in 2015
Rishi Sunak was a successful businessman before becoming a politician. In 2015, he entered politics and became a member of the Conservative Party. Last month, the Sunak couple had landed in controversies when questions were raised regarding the tax on Akshata Murthy’s earnings. Actually, there is no tax in England on the overseas earnings of Akshata Murthy. His status is non-domicile. This is the reason why Akshata does not deposit any tax in England on the earnings of Infosys. However, her husband Rishi Sunak would also have used this money.
Saves tax of at least 190 crores
According to the report, due to non-domicile status, Murthy saves at least 20 million pounds (taxes). This income she earns from Infosys in the form of dividend. 20 million pounds is about 190 crores in Indian rupees.
Akshata Murthy is an Indian citizen
Akshata Murthy is an Indian citizen and was born in India. The Indian government does not allow any Indian citizen to simultaneously accept the citizenship of two countries. In such a situation, according to British law, Akshata Murthy is non-domicile and the same rule will be considered in tax. She pays full tax on the income she earns in the UK. She does not collect tax in the UK on overseas earnings other than the UK.
Was married to Sunak in 2009
In the year 2009, Akshata Murthy was married to Sunak. His father is the owner of property worth thousands of crores. 42-year-old Akshata Murthy has a stake in Infosys. The current value of Akshata’s stake in Infosys is around $1 billion. This wealth is more than twice the personal wealth of British Queen Queen Elizabeth-II of $ 460 million.