Rekha Jhunjhunwala: Inside the Life and Fortune of India's Second Richest Woman
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Rekha Jhunjhunwala is the second richest woman in the country in terms of wealth. When it comes to her fortune, the estimated net value is above INR 72,000 crore, and her very strategically picked shares, account for close to INR 30,000 crore in stock portfolio valuation. Her taste, no wonder, runs after luxury on the basis of this realty investment.
She claims to enjoy an unhindered panoramic view of the Arabian Sea sitting in her residence. Her ability to make strategic acquisitions and maintain her high-profile stocks has helped highlight her exceptional financial acumen. So let’s dive into her life, investments, and actual wealth.
Rekha Jhunjhunwala: Biography
| Name | Rekha Jhunjhunwala |
|---|---|
| Born | September 12, 1963 |
| Nationality | Indian |
| Profession | Stock Market Investor |
| Education | |
| Spouse | Late Rakesh Jhunjhunwala |
| Children | Aryaman & Aryaveer Jhunjhunwala (twin brothers), Nishtha Jhunjhunwala (daughter) |
| Net Worth | $8.8 Billion |
Rekha Jhunjhunwala - Early Life, Education and Family
Rekha Jhunjhunwala - Real Estate Investments
Rekha Jhunjhunwala - Expansive Stock List
Rekha Jhunjhunwala - Rise in Net Worth
Rekha Jhunjhunwala - Facts
Rekha Jhunjhunwala - Early Life, Education and Family
Rekha was born in September 1963 and earned her Bachelor of Commerce from the University of Mumbai. She married Rakesh Jhunjhunwala in 1987 who started their financial journey with the setting up of self as a significant stock investor. He is often regarded as the Indian Warren Buffet for his investment savvy, and Rekha has stood by him through thick and thin. But, despite holding a rich level of property, they always keep themselves low profile. Rekha and Rakesh have three children, twin boys, Aryaman and Aryaveer, and a daughter Nishtha.
Megha Rani
Rekha Jhunjhunwala - Real Estate Investments
Rekha’s real estate portfolio investments reflect her taste and status. Her main residence, RARE Villa, is a 14-storey mansion located on Malabar Hills. This residential property was known as Ridgeway Apartments and had been purchased in two phases from 2013-2017 for a sum of INR 370 crores. Spread over 70,000 sq. ft, it is in one of the prime locales of Mumbai. But when the nearby Rockside CHS went up for redevelopment, it posed a threat to her precious sea view. To ensure that her panoramic view stayed the same she bought nine flats for INR 118 crore.
Other than the nine Rockside CHS apartments in 2023 Rekha also bought five commercial properties in the Bandra Kurla Complex and Chandivali in Andheri East for INR 739 crore. These properties collectively cover 1.94 lakh sq. ft. and are a significant part of her investment plan.
Ashwini
Rekha Jhunjhunwala - Expansive Stock List
Rekha Jhunjhunwala’s stock list is a testament to her financial prowess and currently stands at a value of INR 37,831 crore. Her investments provide substantial returns with a dividend income of INR 224 crore for a quarter. The list of the prominent stocks she owns are:
| Stock | Holding Value | Qty Held | Sep 2024 Evolution % | Sep 2024 Holding % |
|---|---|---|---|---|
| Agro Tech Foods Ltd. | 160.6 Cr | 17,11,759 | -0.3 | 7.00% |
| Aptech Ltd. | 215.8 Cr | 1,21,98,376 | -2.3 | 21.00% |
| Baazar Style Retail Ltd. | 94.2 Cr | 27,23,120 | New | 3.70% |
| Canara Bank | 1,312.8 Cr | 12,86,93,000 | 0 | 1.40% |
| Crisil Ltd. | 2,037.8 Cr | 37,99,000 | -0.2 | 5.20% |
| Escorts Kubota Ltd. | 607.1 Cr | 17,08,388 | 0 | 1.50% |
| Federal Bank Ltd. | 727.8 Cr | 3,45,30,060 | -0.1 | 1.40% |
| Fortis Healthcare Ltd. | 2,026.3 Cr | 3,07,39,000 | -0.1 | 4.10% |
| Geojit Financial Services Ltd. | 198.9 Cr | 1,67,49,500 | -0.2 | 7.00% |
| Indian Hotels Company Ltd. | 2,285.7 Cr | 2,88,10,965 | 0 | 2.00% |
| Jubilant Ingrevia Ltd. | 371.6 Cr | 47,35,500 | -0.1 | 3.00% |
| Jubilant Pharmova Ltd. | 1,264.4 Cr | 1,02,44,000 | -0.1 | 6.40% |
| Karur Vysya Bank Ltd. | 792.2 Cr | 3,34,87,516 | -0.1 | 4.20% |
| Metro Brands Ltd. | 3,225.1 Cr | 2,61,02,394 | 0 | 9.60% |
| Nazara Technologies Ltd. | 618.9 Cr | 61,83,620 | -0.3 | 8.10% |
| NCC Ltd. | 2,426.0 Cr | 7,83,33,266 | 0 | 12.50% |
| Raghav Productivity Enhancers Ltd. | 81.7 Cr | 11,02,852 | -0.2 | 4.80% |
| Singer India Ltd. | 34.9 Cr | 42,50,000 | 0 | 7.00% |
| Star Health and Allied Insurance Company Ltd. | 839.5 Cr | 1,78,70,977 | 0 | 3.00% |
| Sun Pharma Advanced Research Company Ltd. | 136.2 Cr | 62,92,134 | 0 | 1.90% |
| Tata Communications Ltd. | 789.9 Cr | 45,00,687 | 0 | 1.60% |
| Tata Motors Ltd. | 3,756.9 Cr | 4,77,70,260 | 0 | 1.30% |
| Titan Company Ltd. | 14,852.3 Cr | 4,57,13,470 | -0.2 | 5.10% |
| Va Tech Wabag Ltd. | 897.5 Cr | 50,00,000 | 0 | 8.00% |
| Valor Estate Ltd. | 432.4 Cr | 2,50,00,000 | 0 | 4.70% |
| Wockhardt Ltd. | 398.4 Cr | 28,37,005 | 0 | 1.90% |
Nitin Konde
Rekha Jhunjhunwala - Rise in Net Worth
In Nov 2024, two of Rekha’s portfolio stocks earned over INR 105 crore in the first 10 minutes only. Those from the portfolio stocks are Titan Company and Metro Brands. Titan’s share price surged to INR 20.90 per share whereas Metro Brands' share price gained INR 3.90 per share in the stock market.
Titan’s share price opened with an upside gap of INR 3310 per share on the NSE today and touched a high of INR 3360 per share. But it touched INR 3330 per share in the first ten minutes of the stock market opening and recorded an INR 20.90 per share.
Similarly, Metro Brands’ share price opened at INR 1177.10 per share in the NSE and touched INR 1180.95 apiece in the first ten minutes with a record of INR 3.90 per share.
Rekha currently holds 4,57,13,470 shares in Titan, and with a rise in the first ten minutes, her stocks got her a jump of INR 95.54 crore in one single jump. Again, Rekha holds 2,61,02,394 shares for Metro Brands’ and her net worth rose by INR 10.18 crore.
Rekha Jhunjhunwala - Facts
- Rekha Jhunjhunwala made her latest buy in Tata Motors Ltd., increasing her stake by 0.02%.
- Sold shares in Aptech Ltd., lowering stake by -2.31%.
- Rekha Jhunjhunwala-backed Inventurus Knowledge Solutions announced its IPO launch on December 12, 2024, aiming to raise INR 2,497.92 crore by offloading 1.88 crore shares held by promoters and other shareholders.
- The most valuable listed holding in the portfolio is watch and jewelry maker Titan, part of the Tata conglomerate.
- Has been associated with 4 companies as of 2022. These include Jalaram Baba Children’s Nest Education Private Limited, Minosha Digital Solutions Private Limited, Ohm Educom Foundation Private Limited, and Rare Family Foundation.
- The stock brokerage firm by her husband, Late Rakesh Jhunjhunwala, RaRe Enterprises, formed in 1992, is a combination of both their names - Ra from Rakesh and Re from Rekha.
- Late Jhunjhunwala's early bets on Star Health Allied Insurance and Metro Brands paid off when both companies were listed in 2021.
- Her husband was one of the investors in a new low-budget airline that began flying in August 2022, just before he passed away.
FAQ
Who are the children of Rekha Jhunjhunwala?
Rekha Jhunjhunwala's children are Nishtha, Aryaman, and Aryavir Jhunjhunwala.
What is the education of Rekha Jhunjhunwala?
Rekha Jhunjhunwala holds a degree in Commerce from the University of Mumbai.
How much is Rekha Jhunjhunwala worth?
As of 2024, Rekha Jhunjhunwala's net worth is estimated to be around $8.8 billion.
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