Rekha and Rakesh Jhunjhunwala have ruled the stock market. Both are well-known figures in the field and have succeeded in building billion-dollar empires through careful investments and wise decisions. According to Forbes, Rakesh had a net worth of $5.8 billion as of 2022 and was frequently referred to as India’s Warren Buffet. Rekha expanded her late husband’s business portfolio after inheriting it.
The couple got married in 1987 and their daughter was born in 2004. Nishtha Jhunjhunwala is the oldest child and elder sister to the twins, Aryaman and Aryaveer, who were born on March 2, 2009.
About Rakesh Jhunjhunwala
Rakesh Jhunjhunwala was born in July 1960, and throughout his professional life, he has been well-known among investors. The certified accountant (CA) Jhunjhunwala was followed by almost all stock enthusiasts. Since he was a very young age, Rakesh has dealt with stocks and studied about them. His father was an income tax officer. He started investing with $100 in 1985 when the Bombay Stock Exchange Index was at 150; it currently trades for over 50,000, according to Forbes.
He invested in the brand-new, inexpensive airline Akasa Air, which debuted in August 2022. In addition to these, his early wagers on Star Health and Allied Insurance and Metro Brands, which paid off when both firms listed in 2021, also highlight his investments.
Rekha Jhunjhunwala’s life
Rakesh Jhunjhunwala’s support system throughout his life was Rekha Jhunjhumwala, who carried on his legacy. She recently captured the public’s attention when, according to The Economic Times, she boosted her holdings in one of the consumer discretionary sector’s oldest assets owned by the late Rakesh Junhjhunwala by acquiring 6,50,000 additional shares of Titan Company in the June quarter. At the end of the second quarter, Jhunjhunwala’s ownership of the Tata Group company increased to 5.36% from 5.29%.
According to Fortune India, Rekha made Rs 2400 crore over the past two months, or Rs 40 crore every day.
According to sources, he paid Standard Chartered Bank Rs 176 crore in 2013 to buy half of a sea-facing property in Mumbai’s upscale Malabar Hill neighbourhood that comprised six opulent flats. Additionally, he owns a vacation property in Lonavala with seven bedrooms, a jacuzzi, a pool, a gym, and a disco.
