Latest news with #AkshataMurty
Leader Live
2 days ago
- General
- Leader Live
WeMindTheGap up for Centre for Social Justice Award
WeMindTheGap, which supports young people who have fallen through the gaps, has been nominated for a Centre for Social Justice (CSJ) Award. The CSJ Awards seek out the top charities nationwide, highlighting those that excel in innovation and effectiveness in the fight against poverty. The diverse panel of judges includes Akshata Murty, Rachel Riley and past CSJ Award winners along with experts from various sectors that come together to select the winners. Read more: Wrexham baby charity's milestone with 300th hamper The awards celebrate the best of the small charity sector who are providing innovative policy solutions to address the root causes of poverty across the UK. WeMindTheGap gives new opportunities to young people 11-25yrs who deserve better. It fills the gaps in young people's lives, supporting them into employment, education, and independent lives. The charity's life changing programmes give under-served young people, paid work, mentoring, skills, confidence and connections. Ali Wheeler, CEO of WeMindtheGap, said: "We are thrilled to have been chosen as a finalist in the 2025 CSJ Awards recognising the work we do to support young people who have fallen through the gaps in life, it is recognition that the young people we have the privilege to walk alongside matter, are seen and heard, and will give them more opportunities to influence their lives and futures generations." Read more: Wrexham woman set to take on 500k cycle in memory of late husband Andy Cook, CEO of the Centre for Social Justice, added: "While Westminster is in chaos and the rest of the world in convulsions, there's an army of small charities in some of our most challenged communities picking up the pieces and solving real-life problems. "The CSJ Awards are the Oscars of the small charity sector, celebrating the best of the best of those unsung heroes. "We are proud to announce our 12 2025 finalists. We will be announcing the five winners at our glittering CSJ Awards ceremony in the heart of Westminster this November." Read more: Dog rescued by Flintshire animal centre after 'awful start to life' looking for home Rachel Riley MBE, co-presenter of Countdown, said: "It's a real pleasure to be back on the CSJ Awards Judging Panel for the second consecutive year! Yet again, this year's finalists have blown us away. The panel had a lively, three-hour debate, and I am confident that the winners are going to make a difference with the money, recognition and contacts that becoming a CSJ Award Winner brings. "I'm really looking forward to meeting all the finalists in Westminster this November - they all deserve to be celebrated."
Yahoo
11-07-2025
- Business
- Yahoo
U.K.'s richest prime minister ever just bagged a Goldman Sachs gig—he's also made $668K in 3 months from appearances, and still works in government
Former British prime minister Rishi Sunak and his wife's net worth is nearing $1 billion—but he's not kicking up his feet and retiring any time soon. The Gen X politician has just rejoined investment firm Goldman Sachs as a senior advisor. Despite the role's likelihood to come with a hefty salary, Sunak has promised to donate this pay to his new charity, The Richmond Project. Like millions of Gen Z, former British prime minister Rishi Sunak spent the last year on the job hunt, after voters ousted him from 10 Downing Street following a landslide electoral defeat for his party. Although he's still working within the government, the 45-year-old has wasted no time in calling up his network for another gig. On Tuesday, Sunak rejoined investment banking firm Goldman Sachs as a senior advisor. 'I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a Senior Advisor,' said Goldman Sachs Chairman and CEO David Solomon in a press release. Sunak is set to advise clients globally on a range of macroeconomic and geopolitical issues as well as contribute to a culture of 'ongoing learning and development' with Goldman employees around the world. While the company declined to share Sunak's new salary, his pay will be donated to The Richmond Project, a newly launched charity by him and his wife—Akshata Murty—to improve numeracy skills in the U.K. However, it's unclear whether his wife will take home a salary as a trustee. As a newly registered charity, it has not yet published any financial accounts. Fortune reached out to Sunak for further comment. Sunak and Murty's net worth totals about £640 million ($871 million), according to The Sunday Times Rich List. Their family is the wealthiest to have called 10 Downing Street home—and are even richer than King Charles III. This is thanks largely to Murty's 0.94% stake in Infosys, the Indian IT giant co-founded by her billionaire father. With a market cap of about $78 billion, her stake is worth about $740 million—about 85% of the couple's net worth. In fact, Murty has also invested in a number of British start-ups, like the gentlemen's outfitters New & Lingwood, which sells silk dressing gowns for £2,500 (about $3,400), adding to their household's wealth. On top of the lucrative dividends paid from their investment portfolio, the family has gained recent income from Sunak's role at the Washington Speakers Bureau. In April and May of this year, he received a total of £505,661 ($668,000) for three separate appearances, including a speaking engagement for Bain Capital. Throughout Sunak's decade of serving in the British parliament, he earned a salary ranging between £66,365 and £86,584—the latter being his 2023-2024 payout, which translates to about $110,000 based on the exchange rate at the time. It's a source of income he's likely to continue to bring in as the representative for the northern U.K. region of Richmond and Northallerton. Of course, being prime minister further enhanced Sunak's wealth. Between April 2022 and March 2023, he earned £139,000 (about $167,000) from his salary as a member of parliament, finance minister and prime minister, and £2.1 million (about $2.5 million) from investments, according to accounting data reported by Reuters. In the U.K., former prime ministers are also entitled to public financial support of up to £115,000 (about $156,200) a year to reimburse 'incurred expenses for necessary administrative costs arising from their special position in public life.' Sunak's latest gig is a full circle moment: Before he entered politics or even attended Stanford, he began his career working for Goldman, as an intern—and then in an analyst role. He later served as a partner at two other hedge funds. The Gen Xer first hit multimillionaire status in his late 20s, when as a hedge fund manager, he shared a £100 million pot after a lucrative bet in the buildup to the global financial crisis. In a joint commencement speech with Murty at Stanford's Graduate School of Business (where the couple first met back in 2004), Sunak told graduates that key to finding success is being adept at both what the data and own instinct is telling you. 'As you progress in your own careers, learn to listen to your intuition with as much respect and rigor as you do the analysis because if you want to lead it's not a question of data or intuition you've got to get comfortable with both,' Sunak said. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Glasgow Times
09-07-2025
- Glasgow Times
Street Connect named finalist in UK charity ‘Oscars'
Street Connect, which provides addiction outreach and support services, has been nominated for a Centre for Social Justice (CSJ) Award. The CSJ Awards aim to recognise the best charities across the country, focusing on those excelling in innovation and effectiveness in combating poverty. The panel of judges includes Akshata Murty, Rachel Riley, and past CSJ Award winners, alongside experts from various sectors. Read more: Former Rangers star in court accused of killing woman in road incident Street Connect works alongside churches in the Greater Glasgow area to tackle drug addiction. The charity is in the process of extending its successful addiction support model nationwide. Ricky McAddock, chief executive officer of Street Connect, said: "We feel honoured to be chosen as a CSJ Awards finalist for the second year running in recognition of our vital work. "We partner with churches to deliver addiction outreach and support services, primarily in the Greater Glasgow region, but are now in the process of replicating our model across the UK as the impact of addiction continues to ravage our communities." Andy Cook, chief executive officer of the Centre for Social Justice, said: "While Westminster is in chaos and the rest of the world in convulsions, there's an army of small charities in some of our most challenged communities picking up the pieces and solving real-life problems. "The CSJ Awards are the Oscars of the small charity sector, celebrating the best of the best of those unsung heroes. "We will be announcing the five winners at our glittering CSJ Awards ceremony in the heart of Westminster this November.' Rachel Riley MBE, co-presenter of Countdown, said: "Yet again, this year's finalists have blown us away. "The panel had a lively, three-hour debate, and I am confident that the winners are going to make a difference with the money, recognition and contacts that becoming a CSJ Award Winner brings. "I'm really looking forward to meeting all the finalists in Westminster this November—they all deserve to be celebrated." Akshata Murty, director of The Office of Akshata Murty and Rishi Sunak, said: 'I'm very much looking forward to welcoming the winners to Westminster this November as we celebrate their tireless efforts to bring about lasting change, starting at the local level.'
Time of India
09-07-2025
- Business
- Time of India
Rishi Sunak joins Goldman Sachs as adviser, to give his salary to charity; this condition set for his appointment
Former UK Prime minister has joined Goldman Sachs as a senior adviser. In his new role, Sunak will advise Goldman Sachs executives and clients on geopolitical and economic issues. Tired of too many ads? go ad free now According to a report by Financial Times, Sunak will donate his salary from the role to a UK charity focused on education. Sunak's earnings will go to the Richmond Project, a charity he runs with his wife Akshata Murty, which works to improve numeracy skills in the UK, the report adds. The appointment marks Sunak's return to the investment bank where he began his career more than two decades ago. He worked at Goldman Sachs as a summer intern and junior analyst between 2001 and 2004. This is Sunak's first major role since stepping down as leader of the Conservative Party following the party's defeat in the July 2024 UK general election. The party lost more than two-thirds of its seats, falling from 365 to just 121. Sunak resigned shortly after the results were announced. He served as Prime Minister from October 2022 to July 2024. What Goldman Sachs CEO said on Rishi Sunak's appointment Speaking on Sunak's return, Goldman Sachs CEO David Solomon said 'I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a senior adviser'. He continued: "In his role, he will work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape. He will also spend time with our people around the world, contributing to our culture of ongoing learning and development.' Rishi Sunak's wealth and career background According to the Sunday Times Rich List, Sunak and his wife Akshata Murty have a combined estimated net worth of £640 million, with most of the wealth linked to Murty's stake in Infosys, founded by her father, . Before entering politics in 2015, Sunak worked in finance and hedge funds. After leaving Goldman Sachs in 2004, he joined the hedge fund TCI and later helped launch Theleme Partners.
Daily Mail
09-07-2025
- Business
- Daily Mail
Rishi Sunak will donate Goldman Sachs salary to charity after Tory ex–PM takes on adviser role at bank
is to donate his Goldman Sachs salary to charity after rejoining the firm as an adviser. The ex–prime minister will advise leaders across the firm and provide 'insights on the macroeconomic and geopolitical landscape' alongside his job as MP for Richmond and Northallerton. But according to the Advisory Committee on Business Appointments (Acoba), his remuneration for the role will be paid to The Richmond Project. The charity was set up by Mr Sunak and his wife Akshata Murty earlier this year to improve numeracy across the UK. The role, which will see Mr Sunak return to Goldman after 21 years, is his first major position since resigning as lead of the Conservative Party following its general election defeat last year. The appointment to the firm where he worked between 2001 and 2004 comes just over a year since Mr Sunak's resignation as prime minister, allowing him to take on the advisory position. Earlier this year, the former prime minister also took up posts with the University of Oxford and Stanford University. Acoba said Mr Sunak cannot lobby the Government or use ministerial contacts to influence policy or secure business advantage for another year. It also restricted him from advising on matters linked to foreign governments or sovereign wealth funds for another year. The Sunak's charity aims to help children struggling at school, families lacking in number confidence and adults who never mastered basic maths. Launching it in March Mr Sunak said: 'Akshata and I are passionate about the importance of education - particularly numeracy, and the culture around it. 'If we can change the way people think about and approach numbers, we can build confidence and transform lives. 'We're calling it The Richmond Project - named after the place where we live and the constituency I am proud to represent. 'It'll be a UK-wide charity which will focus on breaking down some of the barriers that exist in families around numeracy - whether you're at primary school, secondary or indeed as an adult.' In 2023, while Mr Sunak was still in office, Ms Murty launched her Lessons At Ten programme in which thousands of children came to Downing Street on Friday mornings for lessons on a range of subjects, including numeracy and maths. Chairman and chief executive David Solomon said: 'I am excited to welcome Rishi back to Goldman Sachs in his new capacity as a senior advisor. 'In his role, he will work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape.
