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Rakesh Jhunjhunwala left a will to leave ₹50,000 cr fortune to wife, children: Sources

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Unfortunately, the bull has left the sandbox before its time, at the height of its ability. To put an end to all speculation, legal fraternity sources have revealed that top stockbroker and Big Bull rakesh Jhunjhunwala has left a will that will give direction and intention to his heirs and the treatment of his colossal fortune after this.



Jhunjhunwala, whose fortune is estimated to be worth about 50,000 crore, had ensured that his estate, including shares and property, is bequeathed to his wife and three children. In fact, he often spoke about his fourth child – charity.

So part of his fortune will definitely go to his favorite charities. His assets – direct holdings in listed and unlisted companies and real estate – would therefore pass to his wife and three children, according to a person from the legal fraternity on condition of anonymity.

Known for its value investment model, the Big Bull is also known for 35 corporate holdings.

His main investments are: construction and contracting (11 percent), miscellaneous (nine percent), banking (private sector) (6 percent), finance (general) (6 percent), construction and contracting (civil) (6 percent), pharmaceutical products (6 percent) and banks (public sector) (3 percent).

Jhunjhunwala has three children – daughter Nishtha (18) and twin sons, Aryaman and Aryavir (13). He would call charity his fourth child. While his listed assets are reportedly worth 50,000 crore, his immovable properties include a sea-facing building in Malabar Hill, Mumbai, purchased from Standard Chartered Bank for ₹176 crore in 2013, and a holiday home in Lonavala.

In addition, his long-term legal assistant Berjis Desai is reportedly the chief executor of the will. It will be read in the presence of his family after all the Hindu rituals are completed. Desai, ex-managing partner of J Sagar Associates, has known the value investor for nearly 25 years. He is now an independent legal advisor dealing with the private client practice i.e. estate and estate planning for HNIs and promoter families through wills, trusts and family arrangements; resolving family, testamentary and business disputes through mediation and confidential expedited arbitration; and regulatory aspects of offshore investment, residential status and citizenship, insolvency and asset reconstruction advice.

He was also a co-investor in Jhunjhunwala .’s new airline company Akasa Air.

“I made a small investment. I understand that aviation is a high-risk, high-reward business and people are generally cynical about it. But I believe there will be a boom in the next five to seven years.” for low cost airlines is a gamble on Jhunjhunwala’s business acumen,” Desai had said when he invested.

This is speculation about all the invaders who were seen as heirs to Jhunjhunwala’s wealth.

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