Meeting Challenges of Putting the Economy on an Even Keel
On Diwali day of 2022, Rishi Sunak, 42, has been elected by the Conservative Party by acclamation.
He is an MP from Richmond in North Yorkshire three times- 2015 (with a majority of 19,550 (36.2%)), 2017 (with a majority of 23,108 (40.5%)), 2019 (with a majority of 27,210 (47.2%)). On 8th July 2022, in the election to replace Johnson, Sunak received the highest number of votes by MPs. But in the voting by all the members of Conservative Party, he lost to Liz Truss, receiving only 42.6% vote.
His grand parents had moved from Gujranwala (in Punjab part of Pakistan) to Kenya in 1935. His father, Yashvir Sunak was born in Kenya and his mother Usha was born in Tanzania. Sunak’s parents came to UK from Kenya in 1960. Rishi Sunak was born on 12 May 1980 in Southampton, one of three children to NHS GP Yashvir Sunak and pharmacist Usha Sunak. He read Philosophy, Politics and Economics (PPE) at Lincoln College, Oxford, graduating with a first in 2001. During his time at university, he undertook an internship at Conservative Campaign Headquarters. In 2006, he gained an MBA from Stanford University, where he was a Fulbright scholar.
At Stanford he met Akshata, daughter of Dr N.R.Narayan Murthy and Sudha Murthy and married her in Bangalore.
First, he worked as an Investment Analyst at Goldman Sachs. Then he worked in the management of a Hedge Fund, in which he became a Partner in September 2006. Then he joined some of his colleagues to form a new hedge fund firm in California. He was also a director of Catamaran Ventures, an investment firm, owned by his father-in-law, Dr N.R.Narayan Murthy.