Born in Southampton on 12 May 1980 to parents of Indian descent who migrated to Britain from East Africa in the 1960s.His father was born and raised in the Colony and Protectorate of Kenya (present-day Kenya), while his mother was born in Tanganyika (which later became part of Tanzania).His grandfathers were born in Punjab province, British India, and migrated from East Africa with their families to the UK in the 1960s.His paternal grandfather, Ramdas Sunak, was from Gujranwala (in present-day Pakistan) and moved to Nairobi in 1935 to work as a clerk, where he was joined by his wife Suhag Rani Sunak from Delhi in 1937.His maternal grandfather, Raghubir Sain Berry MBE, worked in Tanganyika as a tax official, and had an arranged marriage with 16-year-old Tanganyika-born Sraksha, with whom he had three children, and the family moved to UK in 1966, funded by Sraksha selling her wedding jewellery. In Britain, Raghubir Berry joined the Inland Revenue, and as a collector, was appointed a Member of the Order of the British Empire (MBE) in the 1988 . Rishi Sunak was educated at Winchester College. He subsequently read philosophy, politics and economics (PPE) at Lincoln College, Oxford, and later gained an MBA from Stanford University in California as a Fulbright Scholar. While studying at Stanford, he met his future wife Akshata Murty, the daughter of N. R. Narayana Murthy, the Indian billionaire businessman who founded Infosys. Sunak and Murty are the 222nd richest people in Britain, with a combined fortune of £730m as of 2022. After graduating, he worked for Goldman Sachs and later as a partner at the hedge fund firms the Children's Investment Fund Management and Theleme Partners.
Sunak was elected to the House of Commons for Richmond in North Yorkshire at the 2015 general election, succeeding William Hague. Sunak supported Brexit in the 2016 referendum on EU membership. He was appointed to Theresa May's second government as Parliamentary Under-Secretary of State for Local Government in the 2018 reshuffle. He voted three times in favour of May's Brexit withdrawal agreement. After May resigned, Sunak supported Boris Johnson's campaign to become Conservative leader. After Johnson was elected and appointed Prime Minister, he appointed Sunak as Chief Secretary to the Treasury. Sunak replaced Sajid Javid as Chancellor of the Exchequer after his resignation in the February 2020 cabinet reshuffle.
As Chancellor, Sunak was prominent in the government's financial response to the COVID-19 pandemic and its economic impact, including the Coronavirus Job Retention and Eat Out to Help Out schemes. He resigned as chancellor on 5 July 2022, citing his economic policy differences with Johnson in his resignation letter. Sunak's resignation, along with the resignation of Javid as Health Secretary, led to Johnson's resignation amid a government crisis.
On 8 July 2022, he stood in the Conservative party leadership election to replace Johnson. On 20 July, Sunak polled first amongst Conservative MPs, then competed in a vote of party members against Liz Truss. He in turn lost the Conservative leadership race to Truss, garnering 42.6% of the vote, and returned to the backbenches. Following Truss's pending resignation amid a government crisis, election.
Born in Southampton on 12 May 1980 to parents of Indian descent who migrated to Britain from East Africa in the 1960s.His father was born and raised in the Colony and Protectorate of Kenya (present-day Kenya), while his mother was born in Tanganyika (which later became part of Tanzania).His grandfathers were born in Punjab province, British India, and migrated from East Africa with their families to the UK in the 1960s.His paternal grandfather, Ramdas Sunak, was from Gujranwala (in present-day Pakistan) and moved to Nairobi in 1935 to work as a clerk, where he was joined by his wife Suhag Rani Sunak from Delhi in 1937.His maternal grandfather, Raghubir Sain Berry MBE, worked in Tanganyika as a tax official, and had an arranged marriage with 16-year-old Tanganyika-born Sraksha, with whom he had three children, and the family moved to UK in 1966, funded by Sraksha selling her wedding jewellery. In Britain, Raghubir Berry joined the Inland Revenue, and as a collector, was appointed a Member of the Order of the British Empire (MBE) in the 1988 . Rishi Sunak was educated at Winchester College. He subsequently read philosophy, politics and economics (PPE) at Lincoln College, Oxford, and later gained an MBA from Stanford University in California as a Fulbright Scholar. While studying at Stanford, he met his future wife Akshata Murty, the daughter of N. R. Narayana Murthy, the Indian billionaire businessman who founded Infosys. Sunak and Murty are the 222nd richest people in Britain, with a combined fortune of £730m as of 2022. After graduating, he worked for Goldman Sachs and later as a partner at the hedge fund firms the Children's Investment Fund Management and Theleme Partners.
Sunak was elected to the House of Commons for Richmond in North Yorkshire at the 2015 general election, succeeding William Hague. Sunak supported Brexit in the 2016 referendum on EU membership. He was appointed to Theresa May's second government as Parliamentary Under-Secretary of State for Local Government in the 2018 reshuffle. He voted three times in favour of May's Brexit withdrawal agreement. After May resigned, Sunak supported Boris Johnson's campaign to become Conservative leader. After Johnson was elected and appointed Prime Minister, he appointed Sunak as Chief Secretary to the Treasury. Sunak replaced Sajid Javid as Chancellor of the Exchequer after his resignation in the February 2020 cabinet reshuffle.
As Chancellor, Sunak was prominent in the government's financial response to the COVID-19 pandemic and its economic impact, including the Coronavirus Job Retention and Eat Out to Help Out schemes. He resigned as chancellor on 5 July 2022, citing his economic policy differences with Johnson in his resignation letter. Sunak's resignation, along with the resignation of Javid as Health Secretary, led to Johnson's resignation amid a government crisis.
On 8 July 2022, he stood in the Conservative party leadership election to replace Johnson. On 20 July, Sunak polled first amongst Conservative MPs, then competed in a vote of party members against Liz Truss. He in turn lost the Conservative leadership race to Truss, garnering 42.6% of the vote, and returned to the backbenches.
