Rekha Jhunjhunwala

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).

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Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala comes from a family with a business background

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.

Rekha Jhunjhunwala was the daughter of Purushotam Premraj Gupta, a businessman, and Mrs. Gupta. Information about her siblings is unknown. Her father-in-law’s name was Radheshyamji Jhunjhunwala, and her mother-in-law’s name is Urmila Jhunjhunwala. She has a daughter with Rakesh, Nishtha Jhunjhunwala (born in 2004), and twin sons Aryaman and Aryaveer Jhunjhunwala (born in 2009).

Mrs. Jhunjhunwala became one of the most important and prominent figures in the financial world. After Mr. Jhunjhunwala’s death, she became involved in managing the business and the family’s investment.

She took forward the legacy of Mr. Rakesh Jhunjhunwala. This made her come to the spotlight as she boosted the legacy left by her husband. Rekha has been involved in strategic investment decisions and played a crucial role in their financial success. She is going to become one of the most important parts of the stock market, just like her husband.

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About RaRe Enterprises by Mr. and Mrs. Jhunjhunwala

RaRe Enterprises is a Mumbai-based investment and asset management company. This company was a private equity trading firm. It was owned by Mr. Rakesh Jhunjhunwala before his death. The company name “RaRe” was derived from the initials of Mr. and Mrs. Jhunjhunwala, i.e., Rakesh ‘Ra’ and Rekha ‘Re’, ‘RaRe’.

Recently, Mrs. Jhunjhunwala, in one of her interviews with the Hindustan Times, opened up about how she has been dealing with her husband’s passing. She praised Mr. Jhunjhunwala for his planned investments and visions. She said,

“End mein, kuch farak nahin padta hai. He had managed everything and secured us. Even in this house, he sat with the architects and designers to convey his thoughts for every floor”

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Rekha Jhunjhunwala works as a financial investor in the stock market

As of now, she is associated with four different companies, namely Jalaram Baba Children’s Nest Education Pvt Ltd, Minosha Digital Solutions Pvt Ltd, Ohn Educom Foundation Pvt Ltd, and Rare Family Foundation.

The Rare Family Foundation was started by Mr. Rakesh Jhunjhunwala. It is a stock brokerage firm founded in 1992. Its name was made using his and Rekha’s initials.

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.

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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.

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Rekha Jhunjhunwala net worth

As of 2022, Rekha Jhunjhunwala has surpassed her late husband as the 30th richest person in India. Currently, she has a net worth of Rs 47,650.76 crore (5.9 billion USD).

She earns up to Rs 650 crore, approximately per month. She publicly holds 29 stocks with a net worth of over Rs 25,655 crore as of March 22, 2023.

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Rekha Jhunjhunwala’s husband was the late businessman Rakesh Jhunjhunwala, known as the Big Bull of the Indian stock market. He had shares in Titan Pvt. Ltd., a Tata Group of companies. On March 22, 2023, he was awarded Padma Shri for his eminent contribution to the field of trade and industry.

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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”

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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.

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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.

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A postgraduate from Jadavpur University, Kolkata, Ananya is a passionate writer with an experience of three years in Content Writing. She is known for her insightful research, in-depth knowledge, and engaging writing style. Her attention to detail and ability to capture the attention of the readers is worth mentioning. She is enthusiastic about the entertainment industry and is passionate about writing on TV, Bollywood, and celebrity gossip. She is also well-versed in search engine optimization (SEO) techniques and can adapt her writing style for the target audiences.