Rishi Sunak Early Life
Rishi Sunak, born 12 May 1980, is a British politician who is currently serving as the Chancellor of the Exchequer from February 2020. The Hindu son of a doctor and a pharmacist, Sunak attended Winchester College, one of the country’s most prestigious private schools, before studying at Oxford and Stanford Universities. After graduating, he worked for Goldman Sachs, before spending about three years at billionaire activist hedge fund manager Chris Hohn’s TCI Fund Management. Later he moved on to join his TCI colleague Patrick Degorce’s hedge fund Theleme Partners. He previously served as Chief Secretary to the Treasury from July 2019 to February 2020, and has been the Member of Parliament for Richmond since the 2015 general election. Mr Sunak has been the Conservative MP for Richmond in Yorkshire since 2015. He lives in Kirby Sigston, just outside the town of Northallerton. His father was a GP, and his mother was a pharmacist. They emigrated from India to the UK with Mr Sunak’s grandparents. He was born in 1980 in Southampton in Hampshire, and studied at the exclusive private school Winchester College.
Mr Sunak then went on to Oxford University to read Philosophy, Politics and Economics, a tried and trusted route for aspiring Westminster politicians. He also studied for an MBA at Stanford University. Before entering politics he worked for investment bank Goldman Sachs and a hedge fund, then co-founded an investment firm. His wife – Akshata Murthy – is the daughter of Indian billionaire and co-founder of IT services giant Infosys Narayana Murthy. The couple have two daughters.
Rishi Sunak said his Asian identity matters to him:
“I’m a first generation immigrant. My parents emigrated here, so you’ve got this generation of people who are born here, their parents were not born here, and they’ve come to this country to make a life. In terms of cultural upbringing, I’d be at the temple at the weekend – I’m a Hindu – but I’d also be at the Saints game as well on a Saturday – you do everything, you do both.”
Rishi Sunak Biography and Profile
Rishi Sunak, MP for Richmond in Yorkshire since 2015, born 12 May 1980 in Southampton, Hampshire, is the son of Yashvir, an NHS GP, and Usha, a pharmacist, who moved to the UK from Punjab, India in the 1960s. As a Hindu, he takes his Commons oath on the Bhagavad Gita, a sacred Sanskrit text.
Sunak attended the prestigious Winchester College before going on to study Politics, Philosophy and Economics at Oxford University. He also earned an MBA from Stanford University in the US, becoming a Fulbright scholar.
Before entering politics he worked for investment bank Goldman Sachs and a hedge fund, then co-founded an investment firm.
Sunak entered Parliament in 2015, elected to represent Richmond in Yorkshire, the constituency previously held by William Hague, a former party Leader. Theresa May appointed him as a junior minister and he went on to back Johnson in last year’s leadership campaign in a joint piece in The Times. That earned him a promotion to the cabinet when Johnson won.
Seen as a rising star in the Conservative Party, he has been touted for the top since first arriving in Parliament five years ago. However at the age of 39, he misses out on being the youngest chancellor of the past century by just a single year – George Osborne was 38 when he took charge of the Treasury in 2010. And before his rise to Chancellor, Tory officials saw he was the “perfect fit” for Johnson’s new Cabinet.
One told the Financial Times: “Rishi is a superstar, he keeps to the line and proved himself to be a calm, able debater.”
In July 2019, Mr Johnson picked by Mr Johnson to be chief secretary to the Treasury, after he had served as parliamentary under-secretary in the Ministry of Housing, Communities and Local Government from January 2018 to July 2019.
Who is Rishi Sunak?
Who is Rishi Sunak, the man who in a stunning turn of events was appointed U.K. Chancellor of the Exchequer less than a month before the first budget of Boris Johnson’s new government?
I grew up watching my parents serve our local community with dedication. My dad was an NHS family GP and my mum ran her own local chemist shop. I wanted to make that same positive difference to people as their Member of Parliament and I was first elected to represent this wonderful constituency in 2015 and re-elected in 2017. I live in Kirby Sigston, just outside Northallerton.
I have been fortunate to enjoy a successful business career. I co-founded a large investment firm, working with companies from Silicon Valley to Bangalore. Then I used that experience to help small and entrepreneurial British companies grow successfully. From working in my mum’s tiny chemist shop to my experience building large businesses, I have seen first-hand how politicians should support free enterprise and innovation to ensure our future prosperity.
My parents sacrificed a great deal so I could attend good schools. I was lucky to study at Winchester College, Oxford University and Stanford University. That experience changed my life and as a result I am passionate about ensuring everybody has access to a great education. I have been a school governor, a board member of a large youth club, and have always volunteered my time to education programmes that spread opportunity.
I have been lucky to live, study and work internationally. I met my wife, Akshata, in California where we lived for a number of years before returning home. We have two daughters, Krishna and Anoushka, who keep us busy and entertained.
In July 2019 I was appointed Chief Secretary to the Treasury, having entered Government service as the Minister for Local Government in January 2018
Rishi Sunak “Fortunate” not to have to endure much racism
Rishi Sunak said he had been “fortunate” not to have to endure much racism growing up, but he said there was “one incident that sticks in my head”.
“I was just out with my younger brother and younger sister, and I think, probably pretty young, I was probably a mid-teenager, and we were out at a fast food restaurant and I was just looking after them. There were people sitting nearby, it was the first time I’d experienced it, just saying some very unpleasant things. The ‘P’ word. And it stung. I still remember it. It seared in my memory. You can be insulted in many different ways, certainly in this job, but that stings in a way that is hard to explain.”
However, Rishi Sunak said he “can’t conceive of that happening today” in the UK.
Rishi Sunak attended Stanford Graduate School of Business, Lincoln College, Oxford.
Rishi Sunak a rising star in the Conservatives
Rishi Sunak is seen as a rising star in the Conservatives, with endorsements from people including former Conservative Party leader Lord Hague of Richmond, who has described Mr Sunak as an “exceptional individual”.
He was also endorsed by Mr Javid, who in a recent tweet said “The force is strong with young Sunak” in reference to a phrase from Disney’s Star Wars franchise. His hobbies include keeping fit, cricket, football and watching films, according to his website. One of his childhood heroes was Southampton football player Matt Le Tissier.
“One of my prized possessions is an 18th birthday card signed by the entire Saints team, but Matt in the middle there, which I’ve still got,” Mr Sunak told the BBC in an October 2019 interview.
Rishi Sunak Brexit
Sunak campaigned for Leave in the EU referendum, and his constituency voted 55% Leave. He voted for Theresa May’s Brexit deal on all three occasions, and was an early supporter of Boris Johnson, making a number of media appearances in his support.
In July 2019 Mr Sunak was picked by Mr Johnson to be chief secretary to the Treasury, after being parliamentary under-secretary in the Ministry of Housing, Communities and Local Government from January 2018 to July 2019.
In 2017, he co-authored an article highlighting five benefits of Brexit, including striking new trade deals, improving regulation and being free of EU state aid rules.
“From working in my mum’s tiny chemist shop to my experience building large businesses, I have seen how we should support free enterprise and innovation to ensure Britain has a stronger future,” Sunak had said during the Brexit referendum.
“It’s time to shout about that idealistic and hopeful vision for post-Brexit Britain,” Rishi Sunak wrote. “Opportunities like these are what Brexit means to us.”
Rishi Sunak Quick Facts
- The UK-born son of a pharmacist mother and a National Health Service (NHS) general practitioner (GP) father is an Oxford University and Stanford graduate. Sunak’s father was an NHS GP.
- Sunak, who boarded at the £40,000-a-year Winchester College, was born in Southampton.
- He co-founded a 1-billion pound global investment firm and specialised in investing in small British businesses before his entry into politics. He strongly believes that small businesses in the UK would flourish as a result of Brexit as the “vast majority of British businesses (94 per cent) don’t have anything to do with the EU; but they are still subject to all EU law”. He is believed to be one of the richest members of Parliament, living with his family in a magnificent Georgian manor house in a small North Yorkshire village.
- Sunak, the son-in-law of InfosysNSE 1.43 % Co-founder Narayana Murthy, will join Home secretary Priti Patel on the top government bench as the Chancellor of the Exchequer.
- The MP for Richmond in Yorkshire, married to Murthy’s daughter Akshata, first entered the UK Parliament in 2015 and has fast risen up the Conservative Party ranks as a staunch Brexiteer who had back Johnson’s strategy to leave the European Union (EU).
- When Mr Sunak was elected to represent the safe seat of Richmond at the 2015 election – succeeding Tory former leader Lord Hague – he was memorably dubbed the ‘Maharaja of the Dales’.
- Sunak is a solid media performer, repeatedly offered up by Downing Street for tricky interviews.
- The staunch Brexiteer was promoted to Boris Johnson’s Cabinet after the dramatic reshuffle in July.
- Until now he was Mr Javid’s deputy, with the title Chief Secretary to the Treasury.
- Sunak worked for a London hedge fund before setting up his own business, Theleme Partners, in 2010, with an initial fund of $700million. While building the hedge fund he spent a couple of days doing voluntary work for the Conservatives. He then decided he would like to go into politics full-time.
- Sunak has praised his his father-in-law’s favourite saying: ‘In God we trust — but everyone else needs to bring data to the table.’
Boris Johnson Appointed Rishi Sunak as Chancellor
After Sajid Javid dramatically quit as chancellor, his former deputy at the Treasury, Rishi Sunak, takes the job having agreed to a joint Number 10-Number 11 team of advisers. Five years ago Britain’s new finance minister Rishi Sunak wasn’t even a member of parliament, now he is running the world’s fifth largest economy. The 39-year-old former Goldman Sachs banker was appointed in dramatic fashion on Thursday 13 February 2020 when incumbent Sajid Javid unexpectedly quit – in a row over advisers – during what Downing Street had cast as a routine ministerial reshuffle.
As Johnson moves to increase control of the finance ministry, one of the youngest chancellors in history will face a prime minister who wants to increase spending on everything from infrastructure and police to health and education.
“Delighted to be appointed, lots to get on with, thanks very much,” Sajid Javid told reporters before bounding up the steps into Britain’s finance ministry.
Rishi Sunak Books
- A Portrait of Modern Britain
- A New Era for Retail Bonds
Rishi Sunak Billionaire?
Rishi Sunak Wealth
Rishi Sunak was elected to represent the safe seat of Richmond at the 2015 election – succeeding Tory former leader Lord Hague – he was memorably dubbed the ‘Maharaja of the Dales’. Rishi Sunak is believed to be one of the richest members of Parliament, living with his family in a magnificent Georgian manor house in a small North Yorkshire village.
A multi-millionaire in his own right thanks to his investment career, Mr Sunak is married to Akshata Murthy, whose father N.R. Narayana Murthy is India’s sixth-wealthiest man.
Rishi Sunak Hobbies
In my spare time I enjoy keeping fit, cricket, football and movies.
Rishi Sunak Family
In 2009, Rishi Sunak married Akshata Murthy, Infosys Ltd. co-founder Narayana Murthy, she’s the daughter of Indian billionaire Nagavara Ramarao Narayana Murthy, who co-founded business consulting firm Infosys.
Rishi Sunak Children
Krishna Sunak, Anoushka Sunak.
What People are Saying About Rishi Sunak
“Rishi has proved to be a diligent constituency MP and it was no surprise to see him re-elected with an increased majority in 2017. He is an exceptional individual and I believe he will continue to be a strong and effective advocate for our community,” – Lord William Hague of Richmond
“His voting history shows he’s an ardent Brexiteer, supports reductions in corporation tax, cuts to capital gains tax and he’s gone on the record as favouring infrastructure investment. So this is either going to be a meeting of minds or Sunak will be the Prime Minister’s yes man living in Number 11,” – the research note by Capital Economics said.
Rishi Sunak Biography and Profile