The shares of two companies bought by the late famous stock market expert Rakesh Jhunjhunwala, known as the Warren Buffett of India, have risen tremendously in a single month, and now the net worth of his wife Rekha Jhunjhunwala has increased to Rs 650 crore. It is noteworthy that his net worth is currently 5.9 billion as per the list of Force.
After the stock market, reports surfaced that Rakesh Jhunjhunwala’s death had a huge impact on the industry, however, the shares he bought are now giving his wife huge profits.
It is noteworthy that Rekha Jhunjhunwala’s net worth has increased tremendously in the last one month after the shares of late investor Rakesh Jhunjhunwala’s footwear retailer Metro Brands and insurance company Star Health Insurance have gone up tremendously.
Notably, the rise in these two stocks has seen Rekha ranked third on Forbes’ list of richest women in 2022, behind Savitri Jindal and Vinod Roy Gupta. The rally in the share prices of these two companies in the past one month has pushed Rekha Jhunjhunwala to the top. Notably, after Rakesh Jhunjhunwala’s death in August last year, the shares were transferred to his wife Rekha.
Looking at the two stocks mentioned above, Star Health Insurance shares rose by Rs 47.10 to Rs 578.05 from Rs 530.95. The increase took Rekha Jhunjhunwala’s net worth to Rs 475 crore last month.
Similarly, shares of Metro Brands have also gained Rs 45.70 per share in the past one month. As Rekha Jhunjhunwala holds 3,91,53,600 shares of Metro Brands, her net worth rose by Rs 179 crore due to the rise in the share price of Metro Brands.
With this, Rekha Jhunjhunwala’s total assets have increased to Rs.650 crores in a single month.