Rishi Sunak’s rise to prominence in British politics has been nothing short of meteoric. In just five years, he has gone from being a junior minister to Chancellor of the Exchequer, one of the most powerful positions in government. But alongside his political achievements, Sunak has also accumulated considerable wealth. According to reports, his net worth is estimated to be between £7 million and £200 million. So how did he do it? In this article, we’ll explore the secrets to Rishi Sunak’s financial success.
Rishi Sunak’s Wealth: The Rise of a Self-Made Millionaire
Rishi Sunak was born in Southampton in 1980, the son of Indian parents who had emigrated to the UK in the 1960s. After attending Winchester College and Oxford University, where he studied PPE, Sunak went on to work in finance, initially at Goldman Sachs and then at a hedge fund. In 2015, he was elected as the Conservative MP for Richmond (Yorks), and quickly rose through the ranks, serving as a junior minister in the Department for Local Government and then the Treasury. In February 2020, he was appointed Chancellor of the Exchequer, succeeding Sajid Javid.
Sunak’s wealth is largely derived from his time in finance. He worked at Goldman Sachs for three years, and then moved to hedge fund The Children’s Investment Fund (TCI), where he was a partner and fund manager. According to reports, he earned millions of pounds during his time there, and was one of the highest-paid employees at the firm. After leaving TCI in 2014, he set up his own investment firm, Theleme Partners, with fellow TCI alumnus Patrick Degorce. The firm reportedly manages more than £1 billion in assets, and has been very successful.
Unveiling the Secrets to Rishi Sunak’s Financial Success
One of the key factors in Sunak’s financial success has been his education and career in finance. His time at Goldman Sachs and TCI gave him a deep understanding of the financial markets and the skills to manage large sums of money. This experience has also helped him to make wise investment decisions, such as his investment in Deliveroo, which has seen its value soar during the pandemic.
Another factor in Sunak’s success has been his ability to network and build relationships with influential people. He has been described as a "born networker", and has used his connections to secure funding for Theleme Partners and to advance his political career. His marriage to Akshata Murthy, the daughter of Indian billionaire N.R. Narayana Murthy, has also been cited as a factor in his wealth.
Overall, Rishi Sunak’s wealth is a testament to his hard work, intelligence, and business acumen. While his rise to the top of British politics has been impressive, his success in finance has been equally remarkable. Whether he can maintain this success in his new role as Chancellor of the Exchequer remains to be seen, but one thing is clear: Rishi Sunak is a man to watch.
In conclusion, Rishi Sunak’s wealth is a result of his education, career in finance, networking skills, and wise investment decisions. His success in finance has played a significant role in his rise to power in British politics, and his ability to manage the UK’s finances will be closely watched in the coming years. Whether he can balance his political and financial responsibilities remains to be seen, but one thing is for sure: Rishi Sunak is a self-made millionaire who has made his mark on both the business and political worlds.