How Britain became anti-wealth

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During school vacations, young Rishi helped with the family finances by working as a waiter at Kuti’s Brasserie, an Indian restaurant near his home.

“He was a wonderful boy, from a very good family, and he worked hard,” says Kuti Miah, a family friend and flamboyant owner of the restaurant. “There’s no one better to fit right now, that’s a fact.”

After Winchester came Oxford, where Sunak earned a first-class degree in PPE, then a job in City at Goldman Sachs before studying for an MBA at Stanford University in California as a Fulbright scholar. It was there that he met his wife, Akshata Murty. She, too, had parents who started with nothing and then left a legacy for their children – in their case, Infosys, a global giant that made them multi-billionaires.

Upon returning to Britain, Sunak became a partner in a hedge fund, The Children’s Investment Fund, then left to help found Theleme Partners, launched in October 2010 with $700 million under management.

In the year before his appointment to Parliament, he was director of his wife’s investment fund, Catamaran Ventures, which has so far invested more than £4m in startups. Instead of being encouraged to invest more, she had to wonder if she had broken any rules by giving the company what amounts to a tax-free loan.

When campaigning to become an MP in 2015, Rishi Sunak liked to tell voters how proud he was that “you can come to this country with very little”, like his parents, and build something that takes your family to life. in Parliament. . “For my family,” he said, “the way was education.”

His parents, who thought they were doing the right thing by working hard and giving their kids a head start in life, will no doubt be appalled that succeeding in business should prevent their son from hitting the prize. ultimate goal of becoming prime minister.

As the current incumbent of Number 10 once said: “Instead of treating cases as if they were somehow morally questionable, we Tories should celebrate his power to do the good.


Four countries line up to attract the super-rich

Tom Ree

Greece

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