The personal wealth of Rishi Sunak and his wife Akshata Murty rose by £122m last year, according to the Sunday Times Rich List.

The couple’s fortune was estimated at £651m in the latest list, up from £529m in 2023.

This was mainly due to Ms Murty’s shares in Infosys, the Indian IT giant co-founded by her father.

It means they are richer than the King, according to the annual list of the UK’s most wealthy people., external

Charles III was ranked higher than the Sunak family last year, but his personal fortune is estimated to have grown more modestly over the past year, up £10m to £610m.

The Sunaks were ranked higher than the late Queen in 2022 – with Elizabeth II’s personal fortune that year evaluated at £370m.

However, estimating the personal fortunes of monarchs is tricky, while the wider wealth of the monarchy – which includes various estates and palaces – has been estimated at dozens of billions of pounds.