London Daily

Focus on the big picture.
Monday, Nov 03, 2025

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
Wilt Chamberlain’s One-of-a-Kind ‘Searcher 1’ Supercar Heads to Auction
Erling Haaland’s Remarkable Run: 13 Premier League Goals in 10 Matches and Eyes on History
UK Labour Peer Warns of Emerging ‘Constituency for Hating Jews’ in Britain
UK Home Secretary Admits Loss of Border Control, Warns Public Trust at Risk
President Trump Expresses Sympathy for UK Royal Family After Title Stripping of Prince Andrew
Former Prince Andrew to Lose His Last Military Title as King Charles Moves to End His Public Role
King Charles Relocates Andrew to Sandringham Estate and Strips Titles Amid Epstein Fallout
Two Arrested After Mass Stabbing on UK Train Leaves Ten Hospitalised
Glamour UK Says ‘Stay Mad Jo x’ After Really Big Rowling Backlash
Former Prince Prince Andrew Faces Possible U.S. Congressional Appearance Over Jeffrey Epstein Inquiry
UK Faces £20 Billion Productivity Shortfall as Brexit’s Impact Deepens
UK Chancellor Rachel Reeves Eyes New Council-Tax Bands for High-Value Homes
UK Braces for Major Storm with Snow, Heavy Rain and Winds as High as 769 Miles Wide
U.S. Secures Key Southeast Asia Agreements to Reshape Rare Earth Supply Chains
US and China Agree One-Year Trade Truce After Trump-Xi Talks
BYD Profit Falls 33 % as Chinese EV Maker Doubles Down on Overseas Markets
US Philanthropists Shift Hundreds of Millions to UK to Evade Regulatory Uncertainty in Trump Era
Israeli Energy Minister Delays $35 Billion Gas Export Agreement with Egypt
King Charles Strips Prince Andrew of Titles and Royal Residence
Trump–Putin Budapest Summit Cancelled After Moscow Memo Raises Conditions for Ukraine Talks
Amazon Shares Soar 11% as Cloud Business Hits Fastest Growth Since 2022
Credit Markets Flooded with More Than $200 Billion of AI-Linked Debt Issuance
U.S. Treasury Secretary Scott Bessent Says China Made 'a Real Mistake' by Threatening Rare-Earth Exports
Report Claims Nearly Two Billion Dollars in Foreign Charity Funds Flowed into U.S. Advocacy Groups
White House Refutes Reports That US Targeting Military Sites in Venezuela
Meta Seeks Dismissal of Strike 3’s $350 Million Copyright Lawsuit
Apple Exceeds Forecasts With $102.5 Billion Q3 Revenue Despite iPhone Miss
Israel's IDF Major General Yifat Tomer-Yerushalmi Admits to Act Amounting to Aiding Hamas During Wartime (Treason)
Shawbrook IPO Marks London’s Biggest UK Listing in Two Years
UK Government Split Over Backing Brazil’s $125 Billion Tropical Forest Fund Ahead of COP30
J.K. Rowling Condemns Glamour UK Feature of Nine Trans Women as 'Men Better at Being Women'
King Charles III Removes Prince Andrew’s Titles and Orders His Departure from Royal Lodge
UK Finance Minister Reeves Releases Email Correspondence to Clarify Rental-Licence Breach
UK and Vietnam Sign Landmark Migration Deal to Fast-Track Returns of Irregular Arrivals
UK Drug-Pricing Overhaul Essential for Life-Sciences Ambition, Says GSK Chief
Princesses Beatrice and Eugenie Temporarily Leave the UK Amid Their Parents’ Royal Fallout
UK Weighs Early End to Oil and Gas Windfall Tax as Reeves Seeks Investment Commitments
UK Retail Inflation Slows as Shop Prices Fall for First Time Since Spring
Next Raises Full-Year Profit Guidance After Strong Third-Quarter Performance
Reform UK’s Lee Anderson Admits to 'Gaming' Benefits System While Advocating Crackdown
United States and South Korea Conclude Major Trade Accord Worth $350 Billion
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
Vice President Vance to Headline Turning Point USA Campus Event at Ole Miss
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Bill Gates at 70: “I Have a Real Fear of Artificial Intelligence – and Also Regret”
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
×