Rishi Sunak-Akshata Murty Wealth Surges By ₹12.91 Billion Amid UK Billionaire Slowdown
Date
5/18/2024 12:00:17 AM
(MENAFN- Live Mint) "UK Prime Minister Rishi Sunak and wife Akshata Murty's fortune have witnessed a massive surge despite the wider UK billionaire boom coming \"to an end\" due to tough economic conditions to UK-based broadcasting Network iTV, the wealth of the billionaire couple has surged by ₹12.911 (approx) billion over the past year latest annual Sunday Times Rich List revealed Sunak and Murty's wealth stood at ₹68.89 billion compared to ₹55.98 billion in the previous year astronomical rise in fortune can be attributed largely to Murty's ownership stake in India's IT giant Infosys, co-founded by her father Narayana Murthy's shares in Infosys experienced a remarkable increase in value, soaring by 108.8 million pounds to nearly 590 million pounds within the span of a year, iTV reported, the couple's current wealth still falls short of its peak in 2022, when it reached approximately 730 million pounds upward trajectory in wealth isn't unique to Sunak and Murty alone; King Charles has also seen his fortune grow, climbing to 610 million pounds from 600 million pounds over the past year's Billionaire IndexThe overall landscape for British billionaires is shifting as the country has experienced a decline for the third consecutive year, dropping from a peak of 177 in 2022 to 165 in the current year. This decline is attributed to various factors, including some individuals witnessing a contraction in their private wealth due to high borrowing rates, while others have chosen to relocate from the country latest data reveals that Britain's 350 wealthiest individuals and families collectively possess a staggering combined wealth of 795.36 billion pounds. Topping the list once again are Gopi Hinduja and his family, who oversee the renowned Indian conglomerate Hinduja Group. Their wealth has ascended to 37.2 billion pounds from 35 billion pounds in the previous year, not all prominent billionaires have experienced growth in their fortunes. For instance, Sir Richard Branson's fortunes dwindled to 2.4 billion pounds from 4.2 billion pounds, owing to challenges faced by his company, Virgin Galactic, throughout the year.
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