Meet the second richest woman in India – A look at her 14-storey lavish mansion, 9 other flats worth Rs 118 crore, stock portfolio, and Rs 72,814 crore net worth – Lifestyle News

When it comes to wealth, Rekha Jhunjhunwala stands out as the second richest woman in India. Known for her impressive net worth of Rs 72,814 crore and a meticulously curated stock portfolio valued at Rs 37,831 crore, Jhunjhunwala’s financial empire is as impressive as it is substantial. Her taste for luxury is evident in her real estate investments, including a notable acquisition to preserve an unobstructed view of the Arabian Sea from her mansion. Here’s a deep dive into her life, wealth, and unique investments.

A Glimpse into Rekha Jhunjhunwala’s Luxurious Lifestyle

A Sea-View Acquisition

Rekha Jhunjhunwala’s remarkable wealth allows her to make high-profile purchases, including an entire building to maintain her stunning sea view. Her primary residence, RARE Villa, is a 14-storey mansion located on Ridge Road, Malabar Hill. The villa, formerly known as Ridgeway Apartments, was purchased in two phases by her late husband, Rakesh Jhunjhunwala, between 2013 and 2017 for a total of Rs 370 crore. Spanning 70,000 square feet, the property is situated in one of Mumbai’s most exclusive neighborhoods.

The nearby Rockside CHS, which was set for redevelopment, posed a potential threat to Jhunjhunwala’s coveted sea view. To ensure her panoramic view of the Arabian Sea remained uninterrupted, she acquired nine apartments from the Rockside CHS for Rs 118 crore. This strategic purchase was driven by her desire to prevent the new development from blocking her mansion’s ocean vista.

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Family and Early Life

Rekha Jhunjhunwala was born on September 12, 1963, and pursued her undergraduate studies at Mumbai University. Her marriage to Rakesh Jhunjhunwala in 1987 marked the beginning of a remarkable journey with the couple’s fortunes soaring as Rakesh established himself as a prominent stock investor.

Family Life

Rekha and Rakesh Jhunjhunwala had three children: Nishtha, Aryaman, and Aryaveer. Rakesh, known for his acumen in trading, was often compared to Warren Buffett for his investment prowess. Despite their significant wealth, Rekha and Rakesh maintained a relatively low profile.

Real Estate Investments

Rekha Jhunjhunwala’s real estate portfolio reflects her status and taste. Besides RARE Villa, she made headlines with her purchase of five commercial office spaces in Bandra Kurla Complex (BKC) and Chandivali in Andheri East for Rs 739 crore in 2023. These properties collectively cover 1.94 lakh square feet and contribute significantly to her investment portfolio.

High-Profile Acquisitions

The strategic acquisitions, including the Rockside CHS units, highlight Jhunjhunwala’s approach to preserving her assets’ value and her keen eye for valuable investments.

Expansive Stock Portfolio

Rekha Jhunjhunwala’s stock portfolio is a testament to her financial acumen, currently valued at Rs 37,831 crore. Her investments generate substantial returns, with a dividend income of Rs 224 crore for the fourth quarter. Key contributors to her dividend income include Titan Company (Rs 52.23 crore), Canara Bank (Rs 42.37 crore), Valor Estate (Rs 27.50 crore), NCC (Rs 17.24 crore), and Tata Motors (Rs 12.84 crore). Additionally, she earned Rs 72.49 crore from stakes in CRISIL, Escorts Kubota, Fortis Healthcare, Geojit Financial Services, and Federal Bank.

Net Worth and Financial Standing

According to Forbes, Rekha Jhunjhunwala’s net worth is an impressive $8.7 billion (Rs 72,814 crore). This substantial wealth positions her as the second richest woman in India, underscoring her success in both stock market investments and real estate.

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