Latest News

: The U.K.’s next prime minister is worth more than the king. Kind of.

They’re both enormously wealthy, but King Charles III is going to be appointing as prime minister someone wealthier than him in Rishi Sunak.

Sunak is a former Goldman Sachs

analyst and hedge-fund manager, but his wealth overwhelmingly comes from his wife, Akshata Murthy, who is the daughter of the Infosys founder N.R. Narayana Murthy. Her 0.93% stake in Infosys

at Friday’s closing price, was worth $710 million.

Together, they own four properties — including one in Santa Monica, Calif. She also owns Catamaran Ventures, a venture-capital firm whose net book value at the end of last year was £3.5 million ($4 million).

The king’s assets are less easily marked to market. Forbes puts his personal assets at around $500 million, and other reports say his personal worth is more like $600 million. The queen consort, Camilla, is worth a few million, as well, and has her own country house.

Charles, on the other hand, does oversee some $42 billion in the monarchy’s assets, according to Forbes, which is his to use but not sell. He can’t personally profit from a hypothetical sale-and-leaseback of, say, Buckingham Palace.

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News