Cost of living crisis: Rishi Sunak makes the Sunday Times Rich List!

Rishi Sunak has become the first major politician to make it onto the Sunday Times Rich List.

Mr Sunak, along with his wife Akshata Murty, entered the rich list for the first time with their joint £730million fortune as Russian billionaires tumbled down this year’s rankings.

He is the first frontline politician to appear in the rankings since it began in 1989.

It comes as the the Chancellor and his wife’s finances have come under intense scrutiny in recent months - not to mention the cost of living crisis affecting us, the ordinary English men and women.

Last month, it was revealed that Ms Murty 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 Murty’s non-dom status could have saved her £20million in taxes on dividends from her shares in Infosys, an Indian IT company founded by her father.

On Friday morning, the Sunday Times Rich List revealed they featured at 222nd in the list with the joint forecast of £730million driven by Ms Murty’s £690million stake in Infosys.

The latest ranking of the 250 richest people in Britain also revealed a record 177 billionaires in the UK this year, up from 2021.