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Prime Minister Rishi Sunak is richer than King Charles III, here is how he built his fortune

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Steph Deschamps / October 26, 2022

Rishi Sunak was appointed Prime Minister of the United Kingdom by King Charles III on October 25, 2022. The new head of government is richer than the British monarch: he and his wife Akshata Murty have a considerable fortune, estimated at about 837 million euros. Here’s how they built it.
 
Rishi Sunak is too rich to be Prime Minister. The man referred to by the British newspaper The Times , in this article published in April 2022, was then Chancellor of the Exchequer, the equivalent of the Minister of Finance in the United Kingdom. But since then, the then head of government, Boris Johnson, has resigned, Liz Truss, who succeeded him, has resigned and Rishi Sunak was appointed Prime Minister by King Charles III (who meanwhile succeeded his mother, Queen Elizabeth II, who died in September) on October 25, 2022.
 
The new Conservative head of government is richer than the monarch: the couple he forms with his wife, Akshata Murty, is said to be worth £730 million, or €840 million. That’s about twice as much as Charles III and Queen Consort Camilla, according to the local daily The Guardian …
 
To understand the origins of Rishi Sunak’s fortune, one must first delve into his history. The 42-year-old, who comes from a family of Indian immigrants who settled in East Africa and then in the United Kingdom, was born in Southampton, in the south of England. His father was a doctor; his mother a pharmacist. He first studied at Winchester College, a prestigious private school. His parents were able to pay for his education by saving and making financial “sacrifices,” according to the Encyclopedia Britannica.
 
Rishi Sunak went on to study at Oxford University, another elite institution, before joining the investment bank Goldman Sachs, where he worked as an analyst. After returning to school at Stanford University in the United States, he returned to the world of finance, joining several investment funds. It was there, in the City, the financial heart of London, that he built part of his fortune, notes the British daily The Independent.
 
In 2009, Rishi Sunak got married. He married Akshata Murty, whom he had met five years earlier in California, at Stanford. Indian businesswoman, who has since become a fashion designer, she is very, very wealthy. Notably because she holds shares worth nearly a billion euros in Infosys, the Indian technology giant co-founded by her father, N.R. Narayana Murthy.
 
As a result, in 2022, the couple entered the list of the richest personalities in the United Kingdom drawn up by the newspaper The Sunday Times. According to the same media, the couple’s fortune was almost twice as high as that of Queen Elizabeth II: 730 million pounds against 370 million pounds (424 million euros). Still according to The Guardian, Akshata Murty also holds “almost as much property” as the former British sovereign …
 
But with fortune also comes controversy.  In April, the British press revealed that Akshata Murty, who has lived in the U.K. for nine years, has a tax status that allows her to avoid being taxed on income earned abroad… It’s all legal, but it doesn’t sit well with the public in a U.K. hard hit by inflation, and while her husband is Minister of Finance – a position he held from February 2020 to July 2022.
 
Rishi Sunak denounced a “smear campaign” and his wife subsequently decided to domicile her income overseas. “I’m doing it because I want to, not because the regulations force me to,” she said at the time in remarks reported by Agence France-Presse (AFP).
 
All these elements explain why the British media regularly question the fortune of the man who was elected MP for the first time in 2015. Many commentators wonder if with such wealth, he is precisely “too rich” to take the helm of government and well perceive the financial difficulties faced by many in the country.
 
On the whole, people in Britain don’t think that being rich is a bad thing or disqualifies you,” said Robert Ford, a professor of political science at the University of Manchester, interviewed by the American daily The Washington Post. A lot of very wealthy people are popular, among the general public. But what people don’t like are rich people who make rules for themselves. [… People think they don’t mind if a wealthy person is a politician as long as they pay their taxes. It really annoys them when they don’t. »

 

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At least 63 employees of the UN agency for Palestinian refugees killed in Gaza

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At least 63 employees of the UN agency for Palestinian refugees killed in Gaza, Magnate Daily
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Eva Deschamps / October 31, 2023

Since the start of the war between Israel and Hamas on October 7, 63 employees of the UN agency for Palestinian refugees (UNRWA) have already lost their lives in the Gaza Strip. Ten aid workers have been killed in the last 72 hours, according to this new toll released by the agency on its website on Monday.
 
At least 22 UNRWA staff were also injured. Since October 7, 44 UNRWA facilities have also been destroyed. Of its 22 health centers, only nine are still operational, the UN agency said, warning that the provision of health care is made even more difficult by the very low fuel supply.
 
The UN agency had previously reported that several of its warehouses had been looted. “Due to the very limited aid available and overcrowded shelters, growing tensions are being reported within the displaced communities,” it stressed. Some 672,000 refugees are living in 149 UNRWA facilities across the Gaza Strip, “in increasingly difficult conditions”. “The ability to provide vital assistance was further hampered by the 36-hour communications blackout between October 27 and 29”, UNRWA added.
 
In all, an estimated 1.4 million people have been displaced in the Gaza Strip. Over 120,000 of them have taken refuge in public buildings such as hospitals and schools.
 
“The aid currently available is insufficient to meet the most basic needs of displaced people and the communities hosting them”, warns the UN agency.
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Mouse embryos grown in space for the first time

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Mouse embryos grown in space for the first time, Magnate Daily
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Sylvie Claire / October 31, 2023

This research into mammal reproduction in space could prove crucial for future solar system exploration missions.
 
Mouse embryos were grown on board the International Space Station (ISS) and developed normally, according to a Japanese study published in the scientific journal “iScience” on Saturday, October 28.
 
This is “the very first study to show that mammals might be able to thrive in space”, claim Yamanashi University and the Riken National Research Institute.
 
The researchers, including Teruhiko Wakayama, a professor at Yamanashi University’s Center for Advanced Biotechnology, and a team from the Japanese space agency Jaxa, sent frozen mouse embryos aboard a rocket to the ISS in August 2021. The astronauts thawed the embryos at an early stage, using a specially designed device, and cultured them on board the station for four days.
 
The experiment “clearly demonstrated that gravity had no significant effect”, noted the researchers. After analyzing the blastocysts (cells that develop into fetuses and placentas) that were returned to their laboratories on Earth, they observed no particular changes in the state of DNA and genes.
 
“In the future, it will be necessary to transplant blastocysts grown in microgravity on the ISS into mice to see if the mice can give birth,” in order to confirm that the blastocysts are normal, say Yamanashi University and the Riken Institute.
 
This research could prove crucial for future space exploration and colonization missions. As part of its Artemis program, NASA plans to send humans back to the Moon to learn how to live there in the long term, and to prepare for a trip to Mars in the late 2030s.

 

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Bobi, the world’s oldest dog, died aged 31

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Bobi, the world&#8217;s oldest dog, died aged 31, Magnate Daily
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Steph Deschamps / October 25, 2023

The world’s oldest dog died last weekend in Portugal. Bobi, a purebred Rafeiro de l’Alentejo, was 31 years and 165 days old, reports the British public broadcaster BBC on Monday.
 
Last February, Bobi entered the Guinness Book of Records as not only the oldest living dog, but also the oldest dog of all time.
 
The old record had been held for almost 100 years by Bluey from Australia. He died in 1939 at the age of 29 years and five months.
Bobi has spent his entire life with the Costa family in the village of Conqueiros, near the west coast of Portugal.
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