Rishi Sunak and his wife Akshata Murty have seen their wealth grow to more than £650 million, the annual Sunday Times Rich List has revealed.

The Southampton-born Prime Minister and his wife saw their personal fortune grow by more than £120 million over the past year.

This rise was linked to Ms Murty’s small stake in Infosys, the 70 billion dollar (£55.3 billion) Indian IT giant co-founded by her billionaire father.

Her shares grew in value by £108.8 million to nearly £590 million for the year.

Despite this increase in their wealth, it is still below the £730 million figure they had during 2022.

The full Sunday Times Rich List can be found on the website here.

Where did Rishi Sunak and Akshata Murty place in the Rich List?

Rishi Sunak and Akshata Murty were in 245th place on the Sunday Times Rich List with a value of £651 million.

The Times wrote: "Sunak and Murty are the wealthiest people to call 10 Downing Street home.

"The prime minister's political fortunes may have suffered over the past year, but the same cannot be said of their personal fortune."

Daily Echo: Rishi Sunak made £2.2m during the 2022-23 financial yearRishi Sunak made £2.2m during the 2022-23 financial year (Image: PA)

Whilst the vast majority of the wealth came from Murty, financial statements showed that Sunak made £2.2 million during 2022-23 which is more than 60 times the average UK salary.

They added: "His MP and prime ministerial wages account for only about 6.5 per cent of this sum, with other income sources including returns from his investment portfolio."

Robert Watts, compiler of the Sunday Times Rich List, said: “This year’s Sunday Times Rich List suggests Britain’s billionaire boom has come to an end. Many of our home-grown entrepreneurs have seen their fortunes fall and some of the global super-rich who came here are moving away. 

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“Thousands of British livelihoods rely on the super-rich to some extent. We’ll have to wait and see whether we have now reached peak billionaire, and what that means for our economy. 

“These may be harder times to create wealth, but The Sunday Times Rich List continues to unearth entrepreneurs building fortunes in diverse and often surprising ways. This year’s new entries include people who have made money from artificial intelligence and virtual worlds as well as plumbing supplies and teaching aides.  

“We know many of our readers find such people — especially those from humbler backgrounds — very inspiring.”