UK Prime Minister Rishi Sunak and his wife Akshata Murty saw their wealth fall last year, according to the Sunday Times Rich List.
Their net worth is estimated at £529m this year, down from £730m in 2022.
The prime minister’s wife owns a stake in Infosys, the IT company owned by her father Narayan Murthy.
The prime minister and his wife made their Rich List debut in 2022. However, the couple’s wealth is estimated at £201m less than 12 months ago. That works out as an average daily loss of more than £500,000.
This is due to a slide in Infosys’s share price, which fell by over a fifth during 2022.
The Sunday Times reported: “He published financial statements that showed he earned just under £2 million in 2021/22 — still more than 50 times the average full-time UK salary. It included his MP and ministerial wages as well as returns from his investment portfolio and other unspecified “gains”.
“On all this he paid £432,493 of tax, according to information from his wealth adviser released by the government.”