Rishi Sunak was today elected Conservative leader and will become the first Indian-origin Prime Minister of UK. Sunak won the race after rival Penny Mordaunt failed to secure the necessary 100 nominations from her fellow MPs.
Here are 5 facts about Rishi Sunak:
Rishi Sunak, 42, will be the youngest prime minister of Britain.
The former finance minister is the first Indian-origin PM of the UK. He is also the first practising Hindu to hold the top job in the UK.
Rishi Sunak is one of the wealthiest politicians in Westminster and has a net worth of over 700 million pounds.
Sunak came to national attention when, aged 39, he became finance minister under Boris Johnson just as the COVID-19 pandemic hit Britain, developing the successful furlough scheme.
The multi-millionaire former hedge fund boss would be expected to launch deep spending cuts to try to rebuild Britain’s fiscal reputation, just as the country slides into a recession, dragged down by the surging cost of energy and food.