- Wealth PMS
A story about the (almost) billionaire talks about all of the stuff beyond the trading room. His children, an 18,000 sq. ft. holiday home, how his wife had to be on total bed-rest for three months before delivering their daughter, the Mumbai blue-bloods who tried to make it difficult for the middle-class rooted tycoon buying into their society and the best part – that he has no customer, no clients except Rekha, his wife, who’s a captive customer. Very impressive, and very inspiring.
The latest Forbes India rich list counts 49-year-old Jhunjhunwala as the 58th richest man in the country, with a fortune of $915 million (Rs 4,209 crore). “I have far less than people think, far more than I need. My wealth fluctuates by 5 per cent every week,” he says. But even an amateur guesstimate of listed and unlisted investments, private equity interests and cash holdings safely puts the former chartered accountant’s net worth at over a billion dollars. “Whatever is known publicly is underestimated,” says a source close to him.
On a different note, This is an interview I’m sure he appreciated: