Beautiful Virgin Islands

Thursday, Jun 05, 2025

Rishi Sunak's Wife, Akshata Murty, Loses $61 Million After Infosys Shares Tumble

Rishi Sunak's Wife, Akshata Murty, Loses $61 Million After Infosys Shares Tumble

Infosys nosedived Monday after its guidance painted a negative outlook for India's technology sector, leading to a wave of downgrades by brokers. It closed down 9.4%, the biggest drop since March 2020.
Rishi Sunak's wife Akshata Murty lost about $61 million Monday after shares in Infosys Ltd tumbled the most since he became UK prime minister.

Murty owns a 0.94% stake in the Indian software giant co-founded by her father Narayana Murthy. The company nosedived Monday after its guidance painted a negative outlook for India's technology sector, leading to a wave of downgrades by brokers. It closed down 9.4%, the biggest drop since March 2020.

While the paper loss is a fraction of the Sunak family's wealth - Murty's stake is still worth more than 450 million pounds - it also serves to highlight the gulf between the prime minister and ordinary Britons struggling in a cost of living crisis.

Sunak's office declined to comment.

Murty's wealth and outside interests have been a recurring theme in her husband's political career. Last year, it emerged she holds non-domicile status and hadn't been paying UK tax on overseas earnings. She said her arrangements were "entirely legal," but also opted to start paying British taxes on those earnings

In a separate development Monday, UK Parliamentary Commissioner for Standards Daniel Greenberg opened an inquiry into whether Sunak failed to declare a relevant interest relating to a minority stake owned by his wife in a childcare company. His office said the interest had been "transparently declared" and that the premier would cooperate with Greenberg.

The prime minister last month disclosed details of his own financial affairs, showing he paid more than 1 million pound in UK taxes over the past three years. His earnings from shares and capital gains easily eclipsed his political salary.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Global News Roundup: From Ukraine's strategic military strikes and Russia's demands and Tensions Escalate in Ukraine, to serious legal issues faced by Britons in Bali and Trump's media criticism, the latest developments highlight a turbulent landscape
Majority of French Voters View Macron's Presidency as a Failure
Hungary Partners with China to Boost Electric Vehicle Production
‘Vibe Coding’ Emerges as the New DIY Trend
AI Pioneer Yoshua Bengio Warns Models Can Deceive Users
Big Four Firms Rush to Create AI Auditing Systems
Musk’s xAI Pursues $113 Billion Valuation in New Share Sale
Walmart Increases Revenue Despite Shrinking Workforce
Hims & Hers Plans UK and EU Launch of Replica Obesity Drugs
Toyota to Acquire Supplier in $33 Billion Buyout
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
×