Finance News

Rishi Sunak’s wife invests in a company linked to Qatari rulers

The multimillionaire wife of the British Chancellor, Rishi Sunak, has interests in a “private investment community for the next generation of world leaders” and a luxury British furniture company backed by Rupert Murdoch’s daughter.

Akshata Murty, the daughter of an Indian billionaire, married Sunak in 2009. She owns shares in dara5, a London-based investment company co-founded in 2019 by a member of Qatar’s ruling Al-Thani family. The shareholding, through its investment company Catamaran Ventures UK, was first reported by Bloomberg on Tuesday.

Dara5 says on LinkedIn that it aims to provide a “global investment network for next-generation family members, young investors and young entrepreneurs.” Nasser Al-Thani, “next gen family member of the Qatari Ruling Family”, who studied international business management at Newcastle University, is a founding member. According to his instagram account, he owns a large collection of supercars.

The multimillionaire co-founder of Brent Hoberman is also an investor.

Filings with Companies House also show that Catamaran Ventures UK is a shareholder in the exclusive furniture market The New Craftsmen. The company, which says it “manages, commissions and sells unique contemporary objects rooted in craftsmanship and narrative,” counts several well-known high-net-worth investors among its shareholders. Among them is Prudence MacLeod, the eldest child of Rupert Murdoch.

Murty set up Catamaran’s UK branch with Sunak to invest her private fortune. He transferred his shares to her in 2015, just before he entered parliament, and she is now the sole owner. As a result, she has invested in a number of start-up companies. Sunak declares ownership of Catamaran by his wife on the list of ministers’ interests, but no details are given about the companies in which she has interests