Rishi Sunak joins Goldman Sachs as adviser, to give his salary to charity; this condition set for his appointment
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.
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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.
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