|Net Worth:||$800 Million|
|Profession:||heiress, investor and fashion designer|
What is Akshata Murty’s Net Worth?
Akshata Murty is an Indian heiress, investor, and fashion designer who has a net worth of $800 million. At the time of writing, British politician Rishi Sunak is the front-runner to succeed David Cameron as the country’s next prime minister.
He is Akshata Murty’s husband. Akshata is mostly responsible for the couple’s wealth. Akshata’s riches come from a 0.93% ownership stake in Infosys, the second-largest IT company in India and one that was founded by her father N.R. Narayana Murthy.
If Rishi does truly succeed David Cameron as prime minister of the United Kingdom, it will mark the first time in history that the prime minister actually had more wealth than the reigning royal, in this case, King Charles.
Akshata Murty was born in April 1980 in Hubli, India. Her mother Sudha was hired as the organization’s first female engineer by the TATA Engineering and Locomotive Company, the country’s largest automaker.
After complaining that there were no female engineers employed by TATA in a letter to the company’s chairman, Sudha was given the position. She was given a job after the letter led to an interview. The Gates Foundation now counts Sudha as a member and philanthropist.
After graduating with a degree in French and Economics from Claremont McKenna College in California, Akshata attended the exclusive Baldwin Girls’ High School in Bangalore. She earned a degree in apparel manufacturing at the same time as her fashion design degree from the Fashion Institute of Design & Merchandising in California.
She began attending Stanford University’s MBA program in 2006. One of her Stanford classmates and eventual spouse Rishi Sunak was a graduate student. They were wed in 2009, and as of right now, they have two daughters.
Over the years, Akshata has started several businesses, most notably a fashion company that shut down in 2012. She and Rishi created Catamaran Ventures in 2013 as a hedge fund to handle her family’s funds.
She has invested money in ownership holdings in two Jamie Oliver restaurants, Wendy’s quick service restaurant chain in India, and the Digme Fitness fitness center.
Akshata is technically a citizen of India and a “non-domiciled UK resident.” She is therefore immune from paying income tax on gains from companies based outside of Britain, including the $14–$20 million in dividends Infosys sends her every year.
Following the July 2022 Prime Minister shakeup, it was discovered that Akshata had 39 million shares of Infosys or 0.93% of the publicly traded company. This was because her husband’s prominence had increased. Additionally, it was disclosed that Akshata received dividend payments from the business totaling $14 million the year before.
The second-largest Indian IT company in terms of scale is Infosys. The company is publicly traded on the New York Stock Exchange (NYSE: INFY), and it generates $4 billion in earnings and $16 billion in revenue each year.
The market capitalization of the corporation is $80 billion as of this writing, although, in recent years, it has been valued at more than $100 billion. Based on a market capitalization of $80 billion, the 39 million shares of Akshata are worth around $744 million.
At the end of 2021, when the British pound was trading favorably compared to the dollar and Infosys’ market value was close to $110 billion, Akshata’s investment made her an official US dollar billionaire. The father of Akshata, N.R. Narayana Murthy, whose last name is spelled differently, has a $4.6 billion net worth.
Now among the top 15 richest people in India, he has a substantial fortune. Akshata has only one sibling, Rohan Murty.
Global real estate holdings owned by Rishi Sunak and Akshata Murty are thought to be worth $20 million. The mansion in Kensington, West London, where the couple resides, has five bedrooms. It is worth $10 million only to own this property.
They take refuge at Kirby Sigston Manor on the weekends, a rural estate. The estate is a grade II National Heritage manor that was built in 1826 and is situated in North Yorkshire, England. 2015 saw the family pay 1.5 million pounds for the manor.
After purchasing the property, they invested an additional £400,000 turning some of the grounds into a wellness resort with a contemporary pool, Jacuzzi, and gym. For merely heating the 50 by 16-foot pool, they reportedly spend almost $20,000 annually.
The couple is still the owners of a $7 million penthouse residence in the beachside neighborhood of Santa Monica in California, where Rishi spent several years managing a hedge fund.
There are two girls, Krishna and Anoushka, born to Akshata and Rishi since their marriage in 2009.
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