Rishi Sunak elected as the United Kingdom (UK)’s next prime minister after rival Penny Mordaunt failed to secure the necessary 100 nominations from her fellow MPs.

Sunak, one of the wealthiest politicians in Westminster, replaced Liz Truss – the outgoing leader, who only served for 44 days before resigning from the post after her economic agenda caused turmoil.

He will be Britain’s third leader in seven weeks and the first prime minister of color in its history.

Sunak was elected as a Member of Parliament (MP) for the Yorkshire seat of Richmond in 2015. Since entering Parliament in 2015, he backed Brexit and was named finance minister in 2020.

He was widely viewed as a contender to replace Johnson as Conservative leader one day, though his popularity plummeted following a string of politically unpopular policies, involvement in the lawbreaking “Partygate” scandal of government rule breaking during the lockdown, and after revelation that his wealthy wife had avoided millions in tax by claiming non-domicile status.