Rishi Sunak’s wife is richer than the Queen as tech billionaire’s daughter has family shares worth £430m
RISHI Sunak's wife is richer than the Queen as the daughter of a billionaire worth £430million.
Akshata Murthy and her relatives hold a multimillion pound portfolio of shareholdings in her family's tech firm.
The Chancellor, who met Akshata while studying at Stanford University, California, has not declared the portfolio in the register of ministers' interests.
The assets make her richer than the Queen, who is estimated to be worth £350m, according to The Sunday Times Rich List.
This revelation comes after Mr Sunak faced demands to reveal details of his financial interests last month.
It had emerged that Mr Sunak set up a "blind trust" when he was made Chief Secretary to the Treasury in July last year.
Critics have said there is a risk of conflict because Mr Sunak is aware of what he put into the trust.
Mr Sunak's wife is the daughter of entrepreneur Nagavara Ramarao Narayana Murthy in India, who co-founded the technology company Infosys.
She owns a 0.91 per cent stake, which equals £430million.
It is also said that her family have a joint venture with Amazon worth £900million a year as well as shares in the burger chain Wendy's in India.
It follows calls for Mr Sunak to reveal his financial interests after he set up a "blind trust" - meaning he doesn't know how his assets are being invested.
Critics have claimed Mr Sunak is aware of what he put into the trust.
It also means he doesn't have to disclose fuller details of his investment portfolio.
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It came as other documents revealed he did not take his salary for five months when he joined the Treasury last year.
Theresa May also attracted controversy when she made a similar move after becoming Prime Minister in 2016.