Rekha Jhunjhunwala: The Woman Who Made Rs 400 Crore in Seconds
Discover the story of Rekha Jhunjhunwala, who earned over Rs 400 crore within seconds, and her journey as one of India's wealthiest women. Learn about her investments, real estate, and the impact of her husband, Rakesh Jhunjhunwala, on her success.
Rekha JhunjhunwalaStock MarketTitanInvestmentsReal EstateReal Estate MumbaiOct 07, 2024
Rekha Jhunjhunwala is known for her impressive investment returns, with her dividend income for the fourth quarter amounting to Rs 224 crore. Major contributors to her dividend income include companies like Titan, Canara Bank, and Tata Motors. According to Forbes, her net worth stands at an impressive Rs 72,814 crores.
Born on September 12, 1963, Rekha completed her undergraduate studies at Mumbai University. Her marriage to Rakesh Jhunjhunwala was a turning point in her life, as Rakesh had already established himself as a profitable stock investor. Their combined efforts led to a manifold increase in their fortunes. Rekha Jhunjhunwala held a stake of 5.32% in Titan, valued at Rs 17,301 crore as of last Friday. Following Titan's Q2 sales performance, which saw a positive market response, her investments grew exponentially by over Rs 400 crores.
Rekha is ranked as India’s second wealthiest woman, and her stock portfolio is valued at Rs 37,831 crore. Her wealth allows her to invest in remarkable real estate, such as her apartment with an expansive view of the Arabian Sea, showcasing her elite taste in property. Her primary residence, RARE villa, is a 14-storey mansion located in Malabar Hill, one of Mumbai's most exclusive neighborhoods. This villa was purchased by her late husband, Rakesh Jhunjhunwala, in two phases for a total of 370 crores.
Rakesh Jhunjhunwala was a man of notable financial acumen. His keen eye for the business market influenced his investing patterns, and he was known for investing early in budding and undervalued companies. His strategic investments and their returns helped him build his wealth into what it is today. Rekha learned the skills and knowledge by observing him, and with the right set of strategies and hard work, she continued to build and expand their assets. She is rightfully counted among the most successful business people in India today.
Frequently Asked Questions
Who is Rekha Jhunjhunwala?
Rekha Jhunjhunwala is a successful Indian investor and one of India's wealthiest women. She is the wife of the late Rakesh Jhunjhunwala and has a net worth of Rs 72,814 crores.
How did Rekha Jhunjhunwala make Rs 400 crore in seconds?
Rekha Jhunjhunwala made Rs 400 crore in seconds by capitalizing on the momentum of Tata Group's Titan stock, which surged in early trading but dipped shortly after.
What is Rekha Jhunjhunwala's educational background?
Rekha Jhunjhunwala completed her undergraduate studies at Mumbai University.
What are some of Rekha Jhunjhunwala's major investments?
Rekha Jhunjhunwala's major investments include stakes in companies like Titan, Canara Bank, and Tata Motors. Her stake in Titan is valued at Rs 17,301 crore.
Where is Rekha Jhunjhunwala's primary residence?
Rekha Jhunjhunwala's primary residence is a 14-storey mansion named RARE villa, located in Malabar Hill, one of Mumbai's most exclusive neighborhoods.
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