Jump to content

Akshata Murty

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 90.255.142.209 (talk) at 13:10, 24 October 2022 (marital status). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Akshata Murty
File:Akshata murthy (cropped).png
Akshata in 2019
BornApril 1980 (age 44)
Hubli-Dharwad, Karnataka, India
Alma materClaremont McKenna College
Fashion Institute of Design & Merchandising
Stanford University (MBA)
Spouse
​
(m. 2009)​
Children2
Parents
RelativesRohan Murty (brother)

Akshata Narayan Murty (born April 1980)[1] is a British-based Indian fashion designer. She is the daughter of N. R. Narayana Murthy, a founder of the Indian multi-national IT company Infosys, and Sudha Murty. She holds a 0.93% stake in Infosys. Her personal wealth became the topic of British media discussion in 2022 in the context of her claiming non-domiciled status in the UK.[2]

She is married to former Chancellor of the Exchequer and Conservative Party leader Rishi Sunak.

Early life and education

Murty was born in Hubli, and raised by her paternal grandparents as her father N. R. Narayana Murthy and her mother Sudha Murty worked to launch their technology company, Infosys.[3][4] Her mother was the first female engineer to work for India's then largest car maker; she is now a philanthropist and a member of the Gates Foundation.[5] At the age of two, her parents moved her to Mumbai.[4] She has one brother, Rohan Murty.[6]

Murty attended Baldwin Girls' High School, Bangalore, and later studied economics and French at Claremont McKenna College in California; she has a diploma in clothes manufacturing from the Fashion Institute of Design & Merchandising,[4] and a Master of Business Administration from Stanford University.[4]

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.[4] Her fashion label closed in 2012.[7] In 2013, she became the director of venture capital fund Catamaran Ventures.[4] She co-founded, with her husband Rishi Sunak, the London branch of the Indian firm which is owned by her father, N. R. Narayana Murthy.[8] Sunak transferred his shares to her shortly before being elected as the Conservative MP for Richmond in 2015.[9] Since 2015, she has owned a 0.93% share of her father's technology firm Infosys, valued at around £700 million in April 2022,[2] and shares in two of Jamie Oliver's restaurant businesses, Wendy's in India, Koro Kids and Digme Fitness.[10] She is a director of Digme Fitness and the Soroco that her brother Rohan Murty co-founded.[10]

Personal life

In August 2009 Murty married Rishi Sunak, whom she met at Stanford University.[4][11] They have two daughters, Anoushka and Krishna.[2][6] The couple own a flat on Old Brompton Road and Kirby Sigston Manor, a Grade-II listed mansion in Kirby Sigston, Yorkshire.[10] She lived with her husband at 11 Downing Street in London while he was the Chancellor of the Exchequer.[10]

Murty is an Indian citizen and a non-domiciled UK resident,[3][10] which temporarily entitled her to pay no tax on her income outside Britain, subject to an annual payment of £30,000.[2] 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.[10][2]

References

  1. ^ "Akshata Narayan Murty". Companies House. Retrieved 9 July 2022.
  2. ^ a b c d e "Chancellor Rishi Sunak defends wife Akshata Murty in row over non-dom status". BBC News. 8 April 2022. Retrieved 8 April 2022.
  3. ^ a b "Rishi Sunak faces questions over wife Akshata Murty's non-dom tax status". BBC News. 7 April 2022. Retrieved 7 April 2022.
  4. ^ a b c d e f g 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.
  5. ^ Blackall, Molly (7 April 2022). "The super-rich businesswoman and wife of Rishi Sunak under fire for using non-domicile status". inews.co.uk. Retrieved 12 August 2022.
  6. ^ a b "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.
  7. ^ Neate, Rupert (7 April 2022). "Akshata Murty: Rishi Sunak's wife and richer than the Queen". The Guardian. Retrieved 12 July 2022.
  8. ^ 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.
  9. ^ "Who is Rishi Sunak's wife Akshata Murty – and why are her family so wealthy?". Sky News. Retrieved 12 August 2022.
  10. ^ a b c d e f Neate, Rupert (7 April 2022). "The wealth of Akshata Murty, Indian heiress and wife of Rishi Sunak". The Guardian. Retrieved 8 April 2022.
  11. ^ Neate, Rupert (3 April 2022). "Sunaks' £5m Santa Monica flat offers sun, sea ... and a pet spa". The Observer. Retrieved 7 April 2022.
  • Rishi Sunak's wife set to receive £6m from Infosys (EasternEye)
Retrieved from "https://en.wikipedia.org/w/index.php?title=Akshata_Murty&oldid=1117960725"