Rishi Sunak’s 4-month-old nephew becomes multimillionaire after receiving £22m gift from grandfather

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Prime minister Rishi Sunak’s four-month-old nephew has turn out to be a multimillionaire after receiving £22m value of shares in a main Indian tech agency as a gift from his billionaire grandfather.

NR Narayana Murthy, the co-founder of Infosys and father-in-law of Rishi Sunak, on Friday transferred a 0.04 per cent stake within the IT agency to his grandson Ekagrah Rohan Murthy, making the toddler the agency’s youngest shareholder.

Mr Murthy grew to become a grandfather for the third time after his son Rohan Murthy and Rohan’s spouse Aparna Krishnan welcomed a child boy in November final yr. Rohan Murthy is the brother of Mr Sunak’s spouse, Akshata Murty.

Mr Sunak and his spouse have two daughters, Krishna and Anoushka.

Ekagrah Murthy now owns 1.5 million firm shares, transferred by way of an off-market transaction, based on a inventory change submitting.

Following the switch, Narayana Murthy’s share within the software program service supplier agency dipped from 0.4 per cent to 0.36 per cent, totalling 15.1 million shares, reported The Economic Times.

The IT billionaire sparked a raging debate in India final yr after he stated younger folks wanted to work for 70 hours every week to boost productiveness.

Mr Murthy stated throughout a YouTube interview that India wanted “highly determined, extremely disciplined and extremely hardworking” kids.

He went on to say that younger folks must be able to put in lengthy hours at work – feedback that led to an enormous on-line backlash.

“You know, this is exactly what the Germans and Japanese did after the Second World War,” Mr Murthy informed Mohandas Pai, the previous CFO of Infosys, throughout the chat shared on YouTube.

“Somehow our youth have the habit of taking not-so-desirable habits from the West and then not helping the country,” Mr Murthy stated. “India’s work productivity is one of the lowest in the world.”

He continued: “We need to be disciplined and improve our work productivity. I think, unless we do that, what can the poor government do? And every government is as good as the culture of the people. And our culture has to change to that of highly determined, extremely disciplined and extremely hardworking people.”

He stated: “Our youngsters must say – ‘This is my country. I want to work 70 hours a week.’”

In many international locations, the usual working week is usually 35 to 40 hours – 9 hours per day for 5 days every week. In India, folks in some sectors work six days every week.

At the time, although Mr Murthy acquired help from CEOs of a number of firms, many individuals took to social media to boost questions on wage, layoffs, office exploitation, and work-life stability.

“Million-dollar question is – are companies ready to pay more for the extra hours taken from the life of employees?” wrote one person on X. “How their personal life, family life & social life will get affected by such schedules, need to be kept in mind before milking employees for growth of the company.”