Rakesh Jhunjhunwala, the founder of Akasa Air was born on July 5, 1960, and grew up in Mumbai.
New Delhi: Rekha Jhunjhunwala is a prominent Indian investor and the wife of the late Rakesh Jhunjhunwala, often referred to as the “Big Bull of India” for his exceptional success in the stock market. Rekha Jhunjhunwala, India’s third-richest woman with a net worth of $8 billion (Rs 66,000 crore) according to Forbes, rose to prominence after inheriting the extensive investment portfolio of her late husband, Rakesh Jhunjhunwala, in 2022.
This inheritance propelled Rekha Jhunjhunwala into the ranks of India’s wealthiest individuals. Her investment portfolio includes 29 companies, with prominent names such as Titan, Metro Brands, Star Health, Tata Motors, and Crisil, highlighting her substantial influence in the stock market. Ace investor and billionaire Rakesh Jhunjhunwala, often referred to as India’s own Warren Buffet passed away on August 14, 2022.
As per Forbes India’s 100 Richest 2024, Rekha Jhunjhunwala secured the 28th position. According to the media reports, Rekha Jhunjhunwala invested Rs 118 crore to acquire most of the units in a Mumbai building to prevent any obstruction to the view of the Arabian Sea from her Malabar Hill residence. RARE Villa.
Rekha Jhunjhunwala’s RARE Villa is located just behind the sea-facing Rockside CHS, which was slated for redevelopment as part of a cluster scheme involving Rockside and six other buildings in Walkeshwar. The redevelopment, led by prominent developer Shapoorji Pallonji, promised homeowners nearly a 50% increase in carpet area. Concerned that the redevelopment might obstruct the prime sea view from her residence, Jhunjhunwala acquired nearly all the units in the old building. According to a report in MoneyControl, Jhunjhunwala, through multiple entities, purchased nine apartments for Rs 118 crore since November 2023.
Rakesh Jhunjhunwala, the founder of Akasa Air was born on July 5, 1960, and grew up in Mumbai.
After graduating from Sydenham College in 1985, he enrolled at the Institute of Chartered Accountants of India and married Rekha Jhunjunwala, also a stock market investor.