Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: Spanish Parliament has overwhelmingly voted in favor of legislation banning arms sales to "Israel"
Syrian leadership approved the return of spy Eli Cohen's archive to "Israel": Reuters citing sources
Government Media Office in Gaza: The [Israeli] policy of starvation has led to more than 300 cases of miscarriage among pregnant women during the same 80-day period
Government Media Office in Gaza: The [Israeli] policy of starvation has resulted in the deaths of 326 people due to malnutrition and the lack of food and medicine over the past 80 days
UN says no aid distributed yet in Gaza
EU's top diplomat Kaja Kallas asks for a review of EU-"Israel" trade deal
Rubio says Syria could be weeks away from 'full-scale civil war'
Sweden seeks EU sanctions targeting "individual Israeli ministers": Minister to AFP
UK pauses trade deal talks with "Israel", summons ambassador over new Gaza offensive
Al Mayadeen's correspondent: 67 martyrs in Israeli strikes on Gaza since morning.

Sunaks' wealth rises to £651m in latest Sunday Times Rich List

  • By Al Mayadeen English
  • Source: News websites
  • 18 May 2024 08:42
3 Min Read

The UK Prime Minister's wealth rises to £651m, two months after accepting a raise amid the UK's deteriorating economy and cost of living crisis.

  • x
  • Britain's Prime Minister Rishi Sunak leaves 10 Downing Street to attend the weekly session of Prime Ministers Questions in Parliament in London on May 15, 2024. (AP)
    Britain's Prime Minister Rishi Sunak leaves 10 Downing Street to attend the weekly session of Prime Minister's Questions in Parliament in London on May 15, 2024. (AP)

UK Prime Minister Rishi Sunak and his wife Akshata Murty's wealth increased by £122 million last year, according to the Sunday Times Rich List.

The couple's fortune was estimated at £651 million in the latest Sunday Times Rich List, up from £529 million in 2023. This increase is primarily attributed to Akshata Murty's shares in Infosys, the Indian IT giant co-founded by her father.

According to the annual list of the UK's most wealthy people, it means they are richer than the King.

Charles III was ranked higher than the Sunak family last year, but his fortune is estimated to have grown more modestly over the past year, increasing by £10 million to a total of £610 million.

Read next: Sunak confesses taking money from deprived areas for political gain

Related News

UK Tories elect Badenoch as new leader

Sunak government freed over 10,000 prisoners 70 days early

The Sunak family's fortune was also ranked higher than the late Queen's in 2022 - with Elizabeth II's personal fortune that year evaluated at £370m. However, estimating the personal fortunes of monarchs is tricky. The wider wealth of the monarchy, including various estates and palaces, has been estimated at dozens of billions of pounds.

Sunak became the first front-line politician to feature on the Sunday Times' annual wealth list in its 35-year history, when he appeared as chancellor in the 2022 edition. At that point, the family's wealth was estimated at £730m.

UK to have weakest-performing economy

Sunak's listing comes amid trouble in the UK's economy. 

Earlier this month, the Organisation for Economic Cooperation and Development (OECD) said Britain will have the weakest economic performance among G7 countries next year, attributing it to high interest rates and the lasting impacts of last year's inflation surge.

The think tank also downgraded its forecast for British economic growth from 0.7 percent last November to 0.4 percent.

The OECD added that the UK will plunge to the bottom of G7 economic growth rates in 2025 with a growth of 1 percent, directly behind Germany at 1.1 percent. Meanwhile, the United States and Canada will top the chart as the fastest-growing member economies at 1.8 percent.

Additionally, it is crucial to mention that the rate of homeless people in the United Kingdom increased by 15.8% between October and December 2023 compared to the same period in 2022 amid a housing crisis in the country, the UK Department for Levelling Up, Housing & Communities said in a report. 
 
"Between October to December 2023 [...] 44,760 households were initially assessed as homeless and therefore owed a relief duty, up 15.8% from the same quarter last year," the report said earlier this month. 

  • Rishi Sunak
  • London
  • United Kingdom
  • cost of living
  • UK economy

Most Read

Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025
Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Abu Obaida

Abu Obeida posts shortly after Israeli reports about his assassination

  • Palestine
  • 15 May 2025
YAF say struck 'Israel's' Ben-Gurion Airport with missiles, drones

YAF say struck 'Israel's' Ben Gurion Airport with missiles, drones

  • MENA
  • 18 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
A 3D render of China's planned 'drone mothership' Credit: X/@XH_Lee23
US & Canada

China unveils drone mothership capable of swarm attacks

Half of UK youth would give up the internet: Survey
Technology

Half of UK youth would give up the internet: Survey

Secretary of State Marco Rubio, speaks to the media during a meeting with President of the Conference of Italian Bishops, Cardinal Matteo Zuppi at the U.S. Embassy to the Holy See in Rome, Saturday, May 17, 2025. (AP Photo/Gregorio Borgia)
Politics

Trump focused on peace while Europe pushes for war: Rubio

Hungarian Prime Minister Viktor Orban, left, and Israeli Prime Minister Benjamin Netanyahu shake hands after a press statement at the Carmelite Monastery in the Buda Castle in Budapest, Hungary, April 3, 2025 (AP/Denes Erdos)
Europe

Hungary votes to begin withdrawal from International Criminal Court

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS