Akshata Murty
Akshata Murty (born 1980) is a British-based Indian fashion designer.
Akshata Murty | |
|---|---|
| Born | 1980 (age 41–42) |
| Education | Claremont McKenna College Fashion Institute of Design & Merchandising Stanford University (MBA) |
| Spouse(s) | |
| Children | 2 |
| Parents |
|
| Relatives | Rohan Murty (brother) |
She is the daughter of N. R. Narayana Murthy, a founder of the Indian multi-national IT company Infosys, and holds 0.93% share in the company. She is married to Rishi Sunak (the chancellor of the Exchequer of the United Kingdom).
Her personal wealth became the topic of British media discussion in 2022 in the context of her claiming non-domiciled status in the UK.[1]
Early life
Murty was born in Hubli, and raised by her paternal grandparents as her father N.R. Narayana Murty and her engineer mother Sudha Murty worked to launch their technology company, Infosys.[2][3]
At the age of two, her parents moved her to Mumbai.[3]
Education
Murthy was educated in California and studied economics and French at Claremont McKenna College; she has a diploma in clothes manufacturing from the Fashion Institute of Design & Merchandising.[3] She has a Master of Business Administration (MBA) from Stanford University.[3]
Career and investments
In 2007, Murty joined Dutch cleantech firm Tendris as its marketing director, where she worked for two years, before leaving to start her own fashion firm.[3]
In 2013, she became the director of Indian venture capital fund Catamaran Ventures[3] that she co-founded with her husband Rishi Sunak.[4]
Since 2015 she has owned a 0.93% share of her father's technology firm Infosys, valued at £700 million,[1] and shares in two of Jamie Oliver's restaurant businesses, Wendy's in India, Koro Kids (nanny agency) and Digme Fitness (gym operator).[5]
She is a director of Digme Fitness and the Soroco that her brother Rohan Murty co-founded.[5]
Personal life
Murty married Rishi Sunak, whom she met at Stanford University, in Bangalore in August 2009.[3][6]
She owns a flat on Old Brompton Road, a Grade-II listed mansion in Kirby Sigston, Yorkshire, but primarily lives with her husband at 11 Downing Street in London.[5] She is an Indian citizen. She is a non-domiciled UK resident,[2][5] which temporarily entitles her to pay no tax on her income outside Britain, subject to an annual payment of £30,000.[1]
Her personal wealth became the topic of British media discussion in 2022 in the context of her being wealthier than Elizabeth II and yet not paying tax in the UK on her unremitted income from Infosys dividends, £11.5m for the tax year 2021/2022.[5][1]
She has two daughters, Anoushka and Krishna.[7][1] She has one brother, Rohan Murty.[7]
References
Footnotes
- "Chancellor Rishi Sunak defends wife Akshata Murty in row over non-dom status". BBC News. 8 April 2022. Retrieved 8 April 2022.
- "Rishi Sunak faces questions over wife Akshata Murty's non-dom tax status". BBC News. 7 April 2022. Retrieved 7 April 2022.
- Bedi, Rahul; Bird, Steve (15 February 2020). "Why Rishi Sunak's wife may hold the clue to his budget". The Telegraph. ISSN 0307-1235. Retrieved 7 April 2022.
- Hurley, James (2 October 2021). "Rishi Sunak's wife Akshata Murty lends £4.3m to start-up Catamaran Ventures". The Times. ISSN 0140-0460. Retrieved 7 April 2022.
- Neate, Rupert (7 April 2022). "The wealth of Akshata Murty, Indian heiress and wife of Rishi Sunak". The Guardian. Retrieved 8 April 2022.
- Neate, Rupert (3 April 2022). "Sunaks' £5m Santa Monica flat offers sun, sea ... and a pet spa". The Observer. Retrieved 7 April 2022.
- "The 'IT' Crowd At Rohan Murty's Wedding; Infy Squad Turns Up In Suits, Kurtas - A Lot Like Love". The Economic Times. 4 December 2019. Retrieved 7 April 2022.
Works cited
- Rishi Sunak's wife set to receive £6m from Infosys (EasternEye)