London Daily

Focus on the big picture.
Wednesday, Nov 04, 2026

London's No. 10 Downing Street Gets Its First Billionaire Family

London's No. 10 Downing Street Gets Its First Billionaire Family

Rishi Sunak's spouse Akshata Murty is the reason he's part of the first billionaire family atop British politics.

Rishi Sunak's elevation to the top of UK politics brings a number of firsts. He's the youngest prime minister in more than two centuries; the first Hindu to hold the office; and his family will -- in nominal terms -- be the wealthiest to occupy 10 Downing Street.

His spouse Akshata Murty is the reason he's part of the first billionaire family atop British politics, with investments spanning everything from a luxury furniture marketplace to an outfitter for students of Eton College.

Murty, 42, who was born in India and is still an Indian citizen, has a net worth of about $1 billion thanks largely to her stake in Infosys Ltd., the software giant founded by her father, according to an estimate by the Bloomberg Billionaires Index.

Murty's net worth is larger than the roughly $400 million fortune of the late Queen Elizabeth II. Her son, King Charles III, formally appointed Sunak as prime minister on Tuesday.

The Bangalore-based company's shares have surged more than 1,500% since Murty was first publicly disclosed as a shareholder in 2001, though they have struggled this year in the face of a broad tech selloff as policymakers worldwide move to curb rising inflation.

Murty didn't immediately respond to a request for comment. Her father, Infosys founder Narayana Murthy, congratulated Sunak in an emailed statement.

"We are proud of him and we wish him success," Murthy said. "We are confident he will do his best for the people of the United Kingdom."

Political Headache


The material blessings of his in-laws have proven a political headache at times.

The revelation in April that Murty enjoyed "non-domiciled" tax status in the UK, meaning she paid no local taxes on overseas income, made her wealth a contentious topic just as a cost-of-living crisis began to bite across Britain. The furore saw Sunak's approval ratings plunge and prompted her to commit to paying UK taxes on her global income.

Their wealth is likely to remain in the spotlight. Sunak is taking charge with the UK facing what he described as "profound economic challenge," with many worrying about how to pay for heating or even groceries. That could make him an easy target for opposition lawmakers, who have also seized on the fact Sunak spent the bulk of his private sector days working for hedge funds, including one of the financial industry's most prominent activist investors.

Murty has links to some of the world's richest families through her investment firm, Catamaran Ventures UK. She was an early backer of dara5, a private investment community for "the next generation of global leaders," co-founded in 2019 by a member of Qatar's ruling dynasty, the Al-Thani family.

Catamaran has also acquired a stake in luxury British furniture marketplace the New Craftsmen, whose shareholders include Rupert Murdoch's oldest daughter, Prudence, and the Al Tajir family, the Emirati owners of the Park Tower hotel in London's Knightsbridge district.

Murty has been directly involved in some of her UK investments. She became a director in 2017 of New & Lingwood, an outfitter for students of England's prestigious Eton College -- former Prime Minister Boris Johnson's alma mater -- which charges tuition fees of about £45,000 a year. She stepped down from the role in February.

Catamaran Ventures is the name of Murty and her family's main investment entity, based in Bangalore, which employs about 15 staff in India overseeing holdings worth more than $1 billion spanning e-sports, insurance and Elon Musk's Space Exploration Technologies Corp.

Murty and Sunak met while studying for MBAs at Stanford University in mid-2000s. Sunak has said that he took certain classes just to be able to sit next to Akshata. The two married in the summer of 2009 in a wedding in Bangalore attended by thousands. They still own a property in California, a penthouse overlooking the ocean.

Sunak's elevation is drawing plenty of attention in India. After the news broke, a huge swarm of TV cameramen and reporters thronged the Murthys' home in Bangalore and Prime Minister Narendra Modi tweeted his congratulations.

Sunak may get inspiration from his father-in-law's approach to business.

In private, Sunak has said many times that he tries to live by his father-in-law's favored one-liner while building Infosys: "In god we trust, everybody else brings data to the table."

Newsletter

Related Articles

0:00
0:00
Close
Department for Energy Security and Net Zero Approves Construction of New North Sea Offshore Wind Hub
Northern Ireland Executive Finalizes Public Sector Pay Agreements Following Months of Inter-Agency Negotiations
Welsh First Minister Eluned Morgan Secures Cross-Party Support for Regional Clean Energy Infrastructure Bill
Competition and Markets Authority Launches Formal Investigation Into Dominant Artificial Intelligence Cloud Partnerships
United Kingdom Foreign Secretary David Lammy Concludes High-Level Diplomatic Mission to Washington and Ottawa
Scottish Government Announces Emergency Housing Investment Package to Address Escalating Urban Homelessness
Chancellor Rachel Reeves Finalizes Corporate Tax Adjustments Ahead of Upcoming Business Investment Summit
National Health Service England Unveils Emergency Winter Resilience Plan to Combat Projected A&E Overcrowding
Bank of England Monetary Policy Committee Votes to Hold Base Interest Rate Steady at Four Point Seven5 Per Cent
UK Gross Domestic Product Expands by Zero Point Four Per Cent in Third Quarter Driven by Resilient Services Growth
Northern Ireland Executive Agrees on Multi-Year Public Sector Pay Restructuring Framework at Stormont
Department for Transport Confirms Acceleration of Electric Vehicle Charging Infrastructure Rollout Along Strategic Motorways
Welsh Government Announces Emergency Funding Package to Support Agricultural Sector Facing Severe Weather Impacts
High Court Rules in Favor of Environmental Coalition Over Government Carbon Reduction Plan Deficiencies
Office for National Statistics Reports Stable Retail Sales Growth Supported by Strong Digital Commerce Volumes
Scottish First Minister John Swinney Secures Cross-Party Support for Renewable Energy Export Expansion
National Health Service Digital Reports Major Breakthrough in Reducing Elective Waiting Lists Across England
Chancellor Rachel Reeves Outlines Infrastructure Spending Reforms to Boost Regional Economic Growth Across Northern England
Bank of England Holds Baseline Interest Rate at Five Percent Amid Persistent Core Inflation Pressures
House of Lords Advances Representation of the People Bill to Modernize Electoral Law Ahead of General Election
Financial Markets and Private Equity Assess Tax and Corporate Realignment Following Recent Chancellor Budget Adjustments
Justice Committee Warns Legal Aid Is a Service in Managed Decline Due to Inadequate Government Funding Responses
Royal Navy Intercepts Russian Intelligence Vessel and Warships Across Intensive North Sea Operations
Business and Trade Committee Slams Government Policy on China as Fragmented and Lacking Strategic Direction
Home Secretary Shabana Mahmood Softens Immigration Plans Following Intensive Cabinet Backlash Over Settlement Timelines
Automotive Industry Data Reveals Continued Acceleration in Battery Electric Vehicle Registrations Across British Dealerships
High Court of England and Wales Rules on Landmark Legal Challenge Regarding Local Government Housing Mandates
Department for Energy Security and Net Zero Approves Expanded Offshore Wind Infrastructure Along Scottish Coastline
Competition and Markets Authority Launches Broad Investigation Into Artificial Intelligence Infrastructure and Cloud Partnerships
United Kingdom and European Union Launch High-Level Preparations for Bilateral Defense and Security Summit in Brussels
National Health Service England Unveils Emergency Workforce Reforms to Alleviate Winter Accident and Emergency Pressures
Chancellor Rachel Reeves Finalizes Autumn Budget Adjustments to Meet Fiscal Rules and Fund Public Services
Bank of England Prepares for Interest Rate Decision Amid Rising Bond Yields and Inflationary Pressures
House of Lords Begins Detailed Legislative Scrutiny of Representation of the People Bill and Cyber Security Laws
Metropolitan Police Detain More Than Three Hundred Individuals Following Large-Scale Demonstration Outside London Embassy
Home Office Prepares Stricter Residency Rules Requiring Vulnerable Migrants to Wait Decade for Settlement Rights
Professional Mental Health Bodies Demand Statutory Regulation for Counsellors and Psychotherapists
National Grid Confirms Construction of Britain's Largest Electrical Substation to Power Teesside Data Centre
Prime Minister Keir Starmer Travels to Samoa for Commonwealth Summit Amid Debates on Economic Cooperation and Reparations
Home Office Implements Enhanced Digital Border Controls and Visa Processing Systems at Major Airports
Office for National Statistics Reports Stable Employment Participation Rates Across Regional Labor Markets
Department for Business and Trade Announces Strategic Partnership to Secure Critical Mineral Supply Chains
Scottish Government Unveils Regional Economic Development Strategy to Boost Advanced Manufacturing in Glasgow and Dundee
Treasury Officials Review Taxation Frameworks and Capital Gains Rules Ahead of Autumn Budget Disclosures
National Health Service Leaders Warn of Winter Capacity Pressures Across Acute Care Facilities
Bank of England Prepares for Key Interest Rate Decision Amid Sticky Inflation and Fiscal Policy Pressures
Home Office Expands Border Security Operations and Intelligence Sharing With European Partners
Office for National Statistics Reports Modest Retail Sales Growth Ahead of Crucial Christmas Trading Season
Welsh Government Unveils Strategic Plan to Boost Regional Technology Innovation and Digital Skills Training
Department for Environment Food and Rural Affairs Implements New Agricultural Subsidies Framework for English Farmers
×