Lapid is the founder and party chair of Yesh Atid. He has been a Member of the Israeli parliament, the Knesset since 2013, and was Finance Minister in the Third Netanyahu Government from 2013 to 2014. From 17 May 2020 to 13 June 2021, he was the Leader of the Opposition.
On 20 June 2022, then-Prime Minister Naftali Bennett announced that he would call for a vote to dissolve the Knesset and that he would step down as prime minister shortly after the vote. Bennett resigned on 30 June 2022 and Lapid became prime minister on 1 July 2022.[2]