Rakesh Jhunjhunwala Left His Will And These Are The Name Who Will Get His Fortune Worth 30,000 Crore
Rakesh Jhunjhunwala Will: Sources in the legal fraternity have revealed...
Rakesh Jhunjhunwala Will: Sources in the legal fraternity have revealed that top stockbroker and Big Bull Rakesh Jhunjhunwala has left a will that will provide direction and intent to his successors and take over his vast empire. Jhunjhunwala, whose assets are believed to be around Rs 30,000 crore, had made arrangements to ensure that his assets, including shares and property, be given to his wife and three children.
Who will get the property of Rakesh Jhunjhunwala?
A man from the legal fraternity said on condition of anonymity that his assets – listed and unlisted companies as well as a direct stake in immovable properties – would be given to his wife and three children. This dispels the speculation of all those interlocutors who were believed to be the heirs of Jhunjhunwala’s property. Jhunjhunwala has three children – daughter Nishtha (18) and twin sons, Aryaman and Aryaveer (13). He continued to call Dan as his fourth child. His wife’s name is Rekha and she will also be the owner of this immense property. In fact Jhunjhunwala often talked about his fourth child – ‘Dan’. Thus a part of his fortune will surely go to his favorite charity.
Barjis Desai is the chief executor of the will – sources
In addition, his longtime legal associate Barjis Desai is reportedly the chief executor of the will. After the completion of all Hindu rituals, the will will be read in the presence of his family. Desai, who is the ex-managing partner of J Sagar Associates, has known Rakesh Jhunjhunwala for nearly 25 years. He was also the co-director of Jhunjhunwala’s new aviation venture Akasa Air.
Desai had said at the time of investment, “I have made a small investment. I understand aviation is a high-risk, high-return business and people generally have a negative view of it. But I believe that There will be a boom for low-cost airlines in the next five-seven years. It is a bet on Jhunjhunwala’s business acumen.”
Jhunjhunwala’s listed property is worth Rs 30,000 crore
Rakesh Jhunjhunwala’s listed properties are reportedly worth Rs 30,000 crore, his immovable properties include a sea-facing building in Mumbai’s Malabar Hill, purchased from Standard Chartered Bank in 2013 for Rs 176 crore, and a holiday home in Lonavala. Is.
Rakesh Jhunjhunwala’s investment remained in these areas
Known for its value investing model, Big Bull is also known as the owner of 35 Company Holdings. His major investments are construction and contracts (11 per cent), miscellaneous (nine per cent), banks (private sector) (6 per cent), finance (general) (6 per cent), construction and contracts (civil) (6 per cent), pharmaceuticals. (6 per cent), and banks (public sector) (3 per cent).
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