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Grizzly Bulls’ Billionaires Index

⬅ # 339 Beto Sicupira|# 341 Nathan Blecharczyk ➡

# 340 Rekha Jhunjhunwala 

$8.47B

Real Time Net Worth
as of 11/18/2024
$48.8M (0.58%)

# 340 Rekha Jhunjhunwala 

$8.47B

Real Time Net Worth
as of 11/18/2024
$48.8M (0.58%)
Source of WealthInvestments
Age61
ResidenceMumbai, India
Marital StatusWidowed
Children3
EducationBachelor of Commerce, University of Mumbai
Age-Adjusted Net Worth$7.92B
Rekha Jhunjhunwala
Rekha Jhunjhunwala
India
Net worth: $8.47B

Self-Made Score 

Breitling Men's Super Avenger II Analog Display Swiss Automatic Silver Watch

Biography

Overview

Rekha Jhunjhunwala inherited a valuable stock portfolio from her late husband Rakesh Jhunjhunwala, often referred to as India's Warren Buffett.
Rakesh Jhunjhunwala, known as the 'Big Bull of India,' was born in July 1960 and was a certified accountant (CA) by profession.
Rakesh ventured into investing with $100 in 1985 when the Bombay Stock Exchange Index was at 150, which now trades over 50,000.
Rakesh Jhunjhunwala passed away in August 2022 at the age of 62.
Rekha Jhunjhunwala, his wife, has been ruling the stock market, inheriting and expanding upon the wealth and legacy left by her late husband.

Investments and Portfolio

The most valuable listed holding in the inherited portfolio is watch and jewelry maker Titan, part of the Tata conglomerate.
Rakesh Jhunjhunwala's early bets on Star Health and Allied Insurance and Metro Brands paid off significantly.
Rakesh owned stakes in various companies including Titan (5.1%), Tata Motors (1.1%), Tata Communications (1.1%), Rallis India (9.8%), and Indian Hotels Company (2.1%).
He was an investor in the new low-cost airline Akasa Air, which launched in August 2022, shortly before his demise.
The name 'RaRe Enterprises,' a Mumbai-based private equity investment and asset management company, derives from the initials of Rakesh and Rekha.

Personal Life and Family

Rekha Jhunjhunwala and Rakesh Jhunjhunwala had three children: Nishtha (born June 30, 2004), and identical twins Aryaman and Aryaveer (born March 2, 2009).
In an interview, Rekha praised her late husband for his planned investments and securing the family's future, mentioning how he meticulously planned even architectural details for their house.
Despite the loss of her husband, Rekha Jhunjhunwala continues to manage the family's fortune, acknowledging her late husband's thorough financial planning.

Rekha Jhunjhunwala's Wealth is Equivalent to:

6,523,480 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,603,406 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

86,606 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Rekha Jhunjhunwala?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Rekha Jhunjhunwala's net worth of $8.47B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 58.67% compared to 23.91% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Rekha Jhunjhunwala is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Rekha Jhunjhunwala, Investments is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey