Mrs Sunak goes high street! Billionaire heiress Akshata Murthy left her designer labels at home and wore a £165 Club Monaco dress in Tory blue for family campaign visit to Grantham
- Rishi Sunak’s wife Akshata Murthy stepped out in Club Monaco on Saturday
- The designer-loving heiress donned a £165 frock in Tory blue in Grantham
- Ms Murthy has previously raised eyebrows by wearing Gucci and Valentino
- Politician’s wife is the daughter of billionaire Indian IT mogul Narayana Murthy
She is an heiress with a billionaire father, but Rishi Sunak’s wife seemed eager to prove she could still be a woman of the people as she joined her husband on the campaign trail over the weekend.
Akshata Murthy, the daughter of Indian IT mogul Narayana Murthy, donned a £165 dress by high street label Club Monaco for the outing to Margaret Thatcher’s hometown of Grantham.
Ms Murthy, who is more often seen dressed up in designer labels, paired the simple floral dress – in Conservative blue – with a pair of tan heels and clutch bag.
The couple were joined by their daughters Krishna and Anoushka for the visit.
Tory blue: Akshata Murthy, the daughter of billionaire Indian IT mogul Narayana Murthy, donned a £165 dress by high street label Club Monaco for the outing to Margaret Thatcher’s hometown of Grantham. She and Rishi were joined by their daughters on the campaign trail
Designer darling: Ms Murthy has previously raised eyebrows with her high-end wardrobe. In December 2020, the IT heiress wore a box-fresh pair of £445 Gucci trainers, a REDValentino shearling and leather coat costing £1,630 and a leather skirt worth more then £1,000, for a date night with her husband in upmarket Mayfair, pictured
Wearing a navy suit and turquoise tie, Mr Sunak denounced Liz Truss’s tax cuts as ‘immoral’ and railed against the ‘forces that be’ who are trying to install her in No 10.
In a social media post today he praised his family and said having their support was ‘everything’.
Captioning the images, Mr Sunak wrote: ‘Family means everything to me. So grateful to have the support of my family at yesterday’s event in Grantham. Thank you to everyone who came along.’
Ms Murthy, who owns a £430million stake in her Indian tech billionaire father’s IT business, has raised eyebrows with her high-end wardrobe.
In December 2020, the IT heiress wore a box-fresh pair of £445 Gucci trainers, a REDValentino shearling and leather coat costing £1,630 and a leather skirt worth more then £1,000, for a date night with her husband in upmarket Mayfair.
Family outing: Mr Sunak and Ms Murthy were joined by their children on the campaign trail. Ms Murthy paired her floral Club Monaco dress with tan heels and matching clutch bag
Candid: Glossy politician Mr Sunak chose to share ‘behind-the-scenes’ photograph from the trip, including this one of him chatting to his wife and daughters
On the move: The ex-chancellor set out his agenda while addressing supporters at Margaret Thatcher’s hometown of Grantham on Saturday accompanied by his daughters Krishna and Anoushka and wife Akshata Murthy – the heiress of an Indian billionaire
On Saturday she appeared to be sending the message that she could also be more low-key, choosing a classic knee-length dress with short sleeves and soft A-line shape.
Murthy’s Millions: Akshata’s family business portfolio
- Combined shareholding in tech firm Infosys worth £1.7billion
- Joint venture with Amazon, Cloudtail, in India worth £900m-a-year
- Shareholding in UK firm which runs Jamie’s Italian restaurants and burger chain Wendy’s in India
- Also holds shares in Koru Kids and is director of Digme Fitness
- Murthy is a shareholder or director in five other UK companies, including Mayfair outfitter which makes Eton College pupils’ tailcoats costing £2,500 each
- Akshata is also listed as a director of the UK arm of software company, Soroco, co-founded by her brother
- Investment firm Catamaran Ventures owned by father N. R. Narayana Murthy
- Ms Murthy runs fashion label Akshata Designs
Club Monaco is an upmarket high street label loved by famous shoppers including the Duchess of Sussex, Princess Eugenie and Jennifer Lawrence.
Mr Sunak and Ms Murthy have built up a joint fortune of £730million, the Sunday Times Rich List revealed in May, making him the first frontline politician to feature in the annual wealth rankings since its inception in 1989.
His inclusion sparked concern over whether he was best placed to handle the country’s finances amid a cost of living crisis. Now the same questions remain over his suitability for the role of Prime Minister.
One Twitter user wrote at the time: ‘Does Rishi Sunak appearing in the Times Rich List give him a unique insight into working class families managing the cost of living crisis?’
Another wrote: ‘Rishi Sunak and his wife are in the Times Rich List. They’re in the top 250 richest in the country! He’s definitely going to help ordinary people isn’t he.’
Mr Sunak made big money in the City of London before entering politics.
But the bulk of the cash is from his wife’s stake in IT giant Infosys, set up by her father N. R. Narayana Murthy, one of the richest men in India who has been described as the father of the Indian IT sector and ‘one of the 12 greatest businessmen of all time’.
Ms Murthy has enjoyed around £54million in dividends over the past seven and a half years alone.
There was a furore after it emerged Ms Murthy had non-dom status, which typically applies to someone who was born overseas and spends much of their time in the UK but still considers another country to be their permanent residence or ‘domicile’.
It has been estimated Ms Murthy’s non-dom status could have saved her £20million in taxes on dividends. She later agreed to pay UK taxes on her worldwide income.
Millionaire: Chancellor Rishi Sunak’s wife Akshata Murthy (pictured together at their wedding) has shares in her family’s tech business worth £430million, making her richer than the Queen
Living the high life: Rishi Sunak and his wife Akshata Murthy have built up a joint fortune of £730million – with the Chancellor now the first frontline politician to be named in the Sunday Times Rich List
Her family are also have a joint venture with Amazon worth £900million a year and shares in the firm running Jamie Oliver’s Jamie’s Italian and burger chain Wendy’s in India.
Before becoming Chancellor, Sunak was better known in India than he was in Britain, after he became a household name when he married Akshata.
The furore came after was revealed that Ms Murthy had non-dom status, which typically applies to someone who was born overseas and spends much of their time in the UK but still considers another country to be their permanent residence or ‘domicile’.
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