The death of veteran stock market investor Rakesh Jhunjhunwala sent shockwaves across the business world. The stocks held in his portfolio took a hit soon after his demise. There were also apprehensions about the future of Akasa Air. Despite these setbacks to his investments, Jhunjhunwala’s vast fortune kept his head above water. Now, months after his death, the late investor’s wife Rekha Jhunjhunwala has bagged a place in Forbes. India Rich list 2022.
Rekha Jhunjhunwala has not only replaced her husband in the annual list but has also jumped six places. He is ranked as the 30th richest person in India. The 59-year-old’s net worth currently stands at Rs 47,650.76 crore. Reports suggest that Rekha, a stock investor like her husband, holds Titan Company, Star Health and Allied Insurance Company, Metro Brands and Tata Motors Limited in her portfolio. In the Forbes 2021 list, Rakesh Jhunjhunwala had jumped 18 places and was the 36th richest person in the country.
Along with Falguni Nair of Nykaa, she is one of the few new faces on the list. This year’s list is topped by Gautam Adani followed by Mukesh Ambani and Radhakishan Damani’s family. Cyrus Poonawala of Serum Institute is at number four in the list.
Rakesh Jhunjhunwala, known as India’s Warren Buffet, died of heart failure at the age of 62 on August 14, just days after his latest venture – low-cost air carrier Akasa Air – took off for the first time. a few weeks later. The veteran investor’s health has been a cause for concern in the weeks following his death. The veteran investor was also seen in a wheelchair at public events. Rakesh Jhunjhunwala was suffering from multiple kidney related ailments and ischemic heart disease.
He made a name for himself as a self-made billionaire, increasing his net worth from Rs 5,000 to $5.5 billion through stock market trading.
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