Rekha Jhunjhunwala, the second richest woman in India, is known for her strategic moves in both wealth and lifestyle. She lives in a 14-story mansion on Mumbai’s Malabar Hill, overlooking the Arabian Sea. When a building next door threatened her view, Rekha bought the entire building to ensure nothing blocked her view of the sunset. This move reflects her unique approach to wealth and luxury.
RARE Villa: Her Luxury Home
Rekha’s home, RARE Villa, was once a regular apartment building called Ridgeway Apartments. Between 2013 and 2017, her late husband, Rakesh Jhunjhunwala, bought the property for Rs 370 crore and turned it into a luxurious mansion. The 70,000 sq ft property now offers a stunning sea view in one of Mumbai’s most exclusive areas.
Protecting Her View
To ensure no one could block her view, Rekha bought nine apartments in the neighboring building, Rockside CHS, for Rs 118 crore. This move guaranteed that her view of the sea would remain unobstructed, even with redevelopment plans in the area. The Jhunjhunwala family now owns most of the apartments in the building.
Real Estate Investments
Rekha’s wealth extends beyond luxury homes. In 2023, she purchased five office spaces in Mumbai’s prime business areas, including Bandra Kurla Complex and Andheri East, for Rs 739 crore. This acquisition covers almost 2 lakh square feet of commercial real estate, showing Rekha’s smart approach to growing her wealth.
The Legacy of Rakesh Jhunjhunwala
Rekha’s success is also tied to the legacy of her husband, Rakesh Jhunjhunwala, known as “India’s Warren Buffett.” A successful investor, he grew companies like Titan with his visionary investments. After his death in 2022, Rekha continued managing their vast stock portfolio, now valued at Rs 37,831 crore.
From College to Wealth
Born in 1963, Rekha married Rakesh in 1987, and together, they built a strong financial empire. Despite their wealth, they kept a low profile, focusing on their business and investments.
Net Worth
Rekha Jhunjhunwala’s net worth is now $7.9 billion, making her the second richest woman in India. Her wealth comes from smart investments, including real estate and stocks, and her dedication to maintaining her family’s legacy.
