Rekha Jhunjhunwala, was named in the list of the richest women by Forbes in 2022, after her husband, stock trader and billionaire rakesh Jhunjhunwala passed away. According to Forbes, Rekha Jhunjhunwala at that time nurtured a net worth of $5.7 billion. It has been a year since Rakesh Jhunjhunwala passed away at the age of 62.
In an interview with Hindustan Times, Rekha Jhunjhunwala has said that for her there is ‘life before Rakesh Jhunjhunwala’ and ‘life after Rakesh Jhunjhunwala’. And moving on is the act of adapting and learning. For the interview Rekha Jhunjhunwala was in her new house, a 14-storeyed bungalow on Ridge Road, Malabar Hill, Mumbai.
Unwillingly the billionaire has shifted to this new abode from her penthouse at Il Palazzo. The house that had ‘memories’ of and with Rakesh Jhunjhunwala. Notably, this abode was bought by Rakesh Jhunjhunwala in two phases between 2013 and 2017 for a cumulative price of ₹370 crore approximately, reports Hindustan Times.
The building was torn down to make way for Jhunjhunwala’s lavish “dream home". This put Rakesh Jhunjhunwala in the same league as Mukesh Ambani, Kumarmangalam Birla, and Sajjan Jindal of owning palatial houses in South Mumbai. Rekha Jhunjhunwala's most valuable listed holding in the portfolio is watch and jewellery maker Titan, part of the Tata Group.
Recently, Titan’s shares grew 65 % and Rekha was among the biggest gainers from the stock market, earning ₹2,400 crore. A month ago, Rare Enterprises, the private equity investment and asset management firm set up by Rakesh Jhunjhunwala in 2003, sold 4.98% shares in Rallies back to Tata Chemicals for ₹208 crore. “Managing home finances was good grounding", Rekha Jhunjhunwala told Hindustan Times.
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