Rakesh Jhunjhunwala’s death has broken many hearts as the billionaire who was an ace stock investor lost his life due to prolonged illness and cardiac arrest on August 14, 2022. The man was an expert in dealing with the stock market and always earned huge profits wherever he invested. He was called the Big Bull Of Dalal Street or India’s Warren Buffett. Jhunjhunwala is survived by his wife, Rekha Jhunjhunwala, and his three children.
Rakesh Jhunjhunwala is currently ranked as the 438th billionaire, as per Forbes list 2022, with a net worth of $5.8 billion (as of August 14, 2022).
The veteran stock investor, Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala is also a stock investor, and a good one too
Rekha Jhunjhunwala was born in Mumbai on September 12, 1963. She completed her graduation from Mumbai University. Rekha Jhunjhunwala got married to the Big Bull of India in 1987.
She has a daughter with Rakesh, Nishtha Jhunjhunwala (born in 2004), and twin sons Aryaman and Aryaveer Jhunjhunwala (born in 2009).
Rekha Jhunjhunwala reportedly holds at least 19 stocks in her portfolio from across the sectors worth Rs 9,800 crore
From the data available with Ace Equity it can be seen that the top holdings in terms of value in Rekha Jhunjhunwala portfolio are stocks like Metro Brands (Rs 3,310 crore), Titan Company (Rs 2,379 crore), and Star Health and Allied Insurance Company (Rs 1,264 crore).
As of June 30, 2022, it can be observed that Rekha held a 14.43 percent stake in Metro Brands and held a 1.07 percent stake in Titan Company in terms of percentage. Rekha Jhunjhunwala also had a 3.10 percent holding in Star Health and Allied Insurance Company.
Rekha’s portfolio also includes Crisil (Rs 613 crore), NCC (Rs 515 crore), The Indian Hotels (Rs 393 crore), Tata Communications (Rs 333 crore), The Federal Bank (Rs 231 crore), Jubilant Pharmova (Rs 173 crore), VA Tech Wabag (Rs 125 crore), Rallis India (Rs 117 crore) and Aptech (Rs 106) among her other prominent holdings.
Rekha Jhunjhunwala also owned over a 1 percent stake in some additional companies like Agro Tech Foods, Dishman Carbogen Amcis, DB Realty, Bilcare, Prozone Intu Properties, and Autoline Industries.
Rakesh and Rekha Jhunjhunwala’s relationship
Rakesh Jhunjhunwala made a confession on his 50th birthday about his wife Rekha, he said,
“I can tell you one thing, nothing is more important to me than my children and there is no woman I can ever love in my life other than Rekha Jhunjhunwala (wife), come what may”
Rakesh Jhunjhunwala’s firm RARE Enterprises recently purchased through a bulk deal on the BSE, 42.5 lakh shares of Singer India at Rs 53.35 per share. RARE enterprises comprise the first two letters of the names of Rekha and Rakesh.
Rakesh Jhunjhunwala began his portfolio with just Rs 5,000 during his college in 1985, and then it increased to Rs 11,000 crore. Jhunjhunwala went on to become the biggest stock market investor in India. The first big profit for him came in 1986 from the Tata Tea stocks. His biggest investment in Rakesh Jhunjhunwala portfolio is Titan, as it was worth over Rs 7,000 crore.
Before his demise, Rakesh Jhunjhunwala recently joined hands with former IndiGo head Aditya Ghosh and ex-Jet Airways CEO Dube to launch a new low-cost airline Akasa which commenced commercial operations with a maiden flight from Mumbai to Ahmedabad this month.
Rekha and Rakesh Jhunjhunwala are an inspiration to many young minds who are interested in stock markets and want to learn to invest correctly.