Forbes India Rich List 2022: 59-year-old Rekha Jhunjhunwala has a net worth of Rs 47,650.76 crore ($5.9 billion).
Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala has entered the Forbes India Rich List 2022, months after the veteran stock market investor’s death. She has replaced her husband and is ranked as the 30th richest person in India according to the country’s annual list of billionaires.
Rekha Jhunjhunwala, 59, has total assets of Rs 47,650.76 crore ($5.9 billion). Jhunjhunwala’s portfolio includes Titan, Star Health & Allied Insurance and Metro brands.
Rakesh Jhunjhunwala, known as the “Big Bull” of the Indian stock market, died of cardiac arrest on 14 August. He was 62 years old.
The ace investor, coming from a humble background, is all set to grow his net worth from Rs 5,000 to $5.5 billion in a span of 37 years through his skillful moves in the stock market. According to Forbes’ 2021 billionaires list, he was ranked as the 36th richest person in India. Last year, he had climbed 18 places to be at 36th position. This year his wife has moved up six places.
Rakesh Jhunjhunwala’s health remained a matter of concern in the weeks before his death, as he was seen in public in a wheelchair. The veteran trader-cum-investor was suffering from kidney-related ailments and ischemic heart disease.
He died about a week after his venture – the low-cost carrier Akasa Air – began operations.