Mumbai: Putting an end to all speculation, legal fraternity sources have revealed that top stockbroker and Big Bull Rakesh Jhunjhunwala has left a will which will provide direction and intent on his heirs and the handling of his colossal fortune hereafter, the media reported.
Jhunjhunwala, whose fortune is believed to be worth approximately Rs 50,000 crore, had arranged to ensure his estate, including shares and property, is bequeathed to his wife and three children. In fact, he would often speak about his fourth child – charity.
Known for his value investing model, the Big Bull is also known to own 35 company holdings.
His major investments are in: construction and contracting (11 per ent), miscellaneous (nine per cent), banks (private sector) (6 percent), finance (general) (6 percent), construction and contracting (civil) (6 percent), pharmaceuticals (6 percent), and banks (public sector) (3 percent).
Jhunjhunwala has three children – daughter Nishtha (18) and twin sons, Aryamaan and Aryavir (13). He would call charity his fourth child. While his listed holdings are reportedly worth Rs 50,000 crore, his immovable properties include a sea-facing building in Malabar Hill, Mumbai, purchased from Standard Chartered Bank for Rs 176 crore in 2013, and a holiday home in Lonavala.
Moreover, his long time legal associate Berjis Desai is reportedly the main executor of the will.
He was also a co-investor in Jhunjhunwala’s new aviation venture Akasa Air.
