D-Mart founder Radhakishan Damani has been made the chief trustee of Rakesh Jhunjhanwala’s estate. Radhakishan Damani was the only person Jhunjhanwala considered his most trusted friend and mentor. Legendary investor Rakesh Jhunjhunwala breathed his last last week. Rakesh Jhunjhunwala 5 billion wealth heir: here is leader of the great empire.
Billionaire investor Rakesh Jhunjhunwala has completed the journey of his life at the age of 62. Rakesh Jhunjhunwala, who made his name a trend in the share market, became the king of the stock market. He also invested in the stock market and earned a lot of money and fame. Rakesh Junjanwala is the 36th Richest person in India.
After his death, discussions started about who will get his 5 billion properties. Everyone is curious as to who will protect the wealth of thousands of crores of rupees built by Rakesh Jhunjunwala. A decision has now been taken in this regard.
Rakesh Junjanwala’s property is his share
D-Mart founder Radhakishan Damani has been made the chief trustee of Rakesh Jhunjhanwala’s estate. Radhakishan Damani was the only person Jhunjhanwala considered his most trusted friend and mentor. Besides, the trustees of Junjanwala’s trust include Kalpraj Dharamshi and Amal Parikh.
D-Mart Founder’s Share!
Rakesh Jhunjanwala’s another firm ‘Rare Enterprises’ is managed by his two most trusted partners Utpal Seth and Amit Goyal. Jhunjhunwala died of a heart attack at the age of 62. In 2019, he admitted in a conversation with the magazine that his worst investment was in health.
D-Mart founder Radhakishan Damani.
According to media reports, jeweler Titan Company has been a very lucrative investment for Rakesh Jhunjhanwala and his wife Rekha Jhunjhanwala. Titan has more than a third of Big Bull’s capitalization. Jhunjanwala’s major holdings by market value include Star Health and Allied Insurance, Tata Motors and footwear maker Metro Brands Ltd. It owns more than 10% stake in Star Health, Optech Limited and Nazara Technologies.
36th richest person in India
Rakesh Jhunjhunwala has an estimated net worth of $5.5 billion. He was the 36th richest person in India. Rakesh Jhunjhunwala, apart from being an active investor, heads Jhunjhunwala Aptech Limited and Hungama Digital Media Entertainment Pvt.
5 thousand to 5 billion
Rakesh Jhunjhunwala is popularly known as “Big Bull of India” and “King of Bull Market”. He was widely known for his stock market forecasts and bullish views on the stock market. Starting with a capital of just 5,000 in 1985, his investment has grown to 5 billion today.