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Rishi Sunak

Also Known As Sunak

Rishi Sunak's profile picture

Rishi Sunak is a British politician who has served as Prime Minister of the United Kingdom and Leader of the Conservative Party since October 2022. He previously held two cabinet positions under Boris Johnson, lastly as Chancellor of the Exchequer from 2020 to 2022. Sunak has been Member of Parliament (MP) for Richmond (Yorks) since 2015.

Sunak was elected to the House of Commons for Richmond in North Yorkshire at the 2015 general election. As a backbencher, Sunak supported the successful campaign for Brexit in the 2016 European Union (EU) membership referendum. Following the 2017 general election, Sunak was appointed to a junior ministerial position in Prime Minister Theresa May's second government as Parliamentary Under-Secretary of State for Local Government in the 2018 cabinet reshuffle. He voted three times in favour of May's Brexit withdrawal agreement, which was rejected by Parliament three times, leading to May announcing her resignation. During the 2019 Conservative Party leadership election, Sunak supported Johnson's successful bid to succeed May as Conservative leader and prime minister, after which he appointed Sunak as Chief Secretary to the Treasury in July 2019.

Following the 2019 general election, Johnson promoted Sunak to Chancellor of the Exchequer in the 2020 cabinet reshuffle after the resignation of Sajid Javid. During his time in the position, Sunak was prominent in the government's financial response to the COVID-19 pandemic and its economic impact, including the Coronavirus Job Retention and Eat Out to Help Out schemes. He was also involved in the government's response to the cost of living crisis, UK energy supply crisis, and global energy crisis. Sunak resigned as chancellor in July 2022 amid a government crisis that culminated in Johnson's resignation.

Sunak stood in the July–September Conservative Party leadership election to succeed Johnson. He had received the most votes in each of the series of MP votes, but lost the members' vote to Foreign Secretary Liz Truss. After spending the duration of Truss's premiership on the backbenches, Sunak stood in the October 2022 Conservative Party leadership election to succeed Truss, who resigned amid another government crisis. He was elected unopposed as Conservative leader and appointed prime minister. He is the first British Asian and Hindu to hold the office of prime minister. Sunak took office amid the cost of living crisis and energy supply crisis that began during his chancellorship. He has authorised foreign aid and weapons shipments to Ukraine in response to the Russian invasion of the country.

Sunak worked as an analyst for the investment bank Goldman Sachs between 2001 and 2004. He then worked for hedge fund management firm the Children's Investment Fund Management, becoming a partner in September 2006. He left in November 2009 to join former colleagues in California at a new hedge fund firm, Theleme Partners, which launched in October 2010 with $700 million under management. At both hedge funds, his boss was Patrick Degorce. Sunak was also a director of the investment firm Catamaran Ventures, owned by his father-in-law, the Indian businessman N. R. Narayana Murthy of Infosys, between 2013 and 2015.

Early Life

Rishi Sunak born 12 May 1980 in Southampton to parents of Indian descent who migrated to Britain from East Africa in the 1960s. He was educated at Winchester College, studied philosophy, politics and economics at Lincoln College, Oxford, and earned an MBA from Stanford University in California as a Fulbright Scholar. During his time at Oxford University, Sunak undertook an internship at Conservative Campaign Headquarters and joined the Conservative Party. After graduating, Sunak worked for Goldman Sachs and later as a partner at the hedge fund firms The Children's Investment Fund Management and Theleme Partners.

He attended Stroud School, a preparatory school in Romsey, and later studied at Winchester College as a dayboy, becoming head boy of the college. He worked as a waiter in a curry house in Southampton during his summer holidays. He read philosophy, politics and economics at Lincoln College, Oxford, graduating with a first in 2001. During his time at university, he undertook an internship at Conservative Campaign Headquarters and joined the Conservative Party. In 2006, Sunak earned a Master of Business Administration postgraduate degree from Stanford University as a Fulbright Scholar. While at Stanford, he met his future wife Akshata Murty, the daughter of Indian billionaire N. R. Narayana Murthy of Infosys.

Sunak's paternal grandfather was from Gujranwala (present-day Pakistan , while his maternal grandfather was from Ludhiana (present-day India ; both cities at the time were in Punjab province, British India. His grandparents migrated to East Africa, and then to the United Kingdom in the 1960s.

His father, Yashvir Sunak, was born and raised in the Colony and Protectorate of Kenya (present-day Kenya), and is a general practitioner in the National Health Service. His mother, Usha Sunak, born in Tanganyika (which later became part of Tanzania), was a pharmacist and owned the Sunak Pharmacy in Southampton between 1995 and 2014, and has a degree from Aston University.

Sunak is the eldest of three siblings. His brother, Sanjay (born 1982), is a psychologist and his sister, Raakhi Williams (born 1985), works in New York as chief of strategy and planning at the United Nations global fund for education in emergencies.                    

In August 2009, he married Akshata Murty, the daughter of N. R. Narayana Murthy, the founder of the technology company Infosys in which Murty owns a stake. Sunak and Murty met while studying at Stanford University in the U.S.; they have two daughters, Krishna (born 2011) and Anoushka (born 2013). They own several houses, including the Kirby Sigston Manor in the village of Kirby Sigston, North Yorkshire, a mews house in Earl's Court in central London, a flat on the Old Brompton Road, South Kensington, and a penthouse apartment on Ocean Avenue in Santa Monica, California.

Sunak is a teetotaler. He has stated he is a Coca-Cola addict and now has seven dental fillings due to excessive consumption when he was younger. He was previously a governor of the East London Science School. Sunak has a Labrador called Nova and is a cricket and horse racing enthusiast.

Sunak is a Hindu.He took his oath as an MP at the House of Commons on the Bhagavad Gita. In the aftermath of the murder of George Floyd, Sunak spoke out against the racism he faced in his life and how his family struggled while immigrating to Britain in the 1960s.

Sunak is a close friend of The Spectator's former political editor James Forsyth, whom he has known since their school days. Sunak was the best man at Forsyth's wedding to the journalist Allegra Stratton, and they are godparents to each other's children. He appointed Forsyth as his political secretary in December 2022. In April 2022, it was reported that Sunak and Murty had moved out of 11 Downing Street to a newly refurbished West London home.             

Education

  • Master of Business Administration postgraduate degree - Stanford University in California
  • Philosophy, politics and economics at Lincoln College, Oxford - Winchester College

Career

  • Prime Minister of the United Kingdom - British politician

Recognition

Reference