Hurun Rich List 2023: Rekha Rakesh Jhunjhunwala tops the list of 16 new Indian billionaires

Hurun Rich List 2023: Celebrity stock market investor Rekha Rakesh Jhunjhunwala and family topped the list of the top 16 new Indian billionaires in 2023's Hurun Global Rich List.

Rekha Jhunjhunwala inherited the wealth and stock portfolio from her late husband Rakesh Jhunjhunwala, who died at the age of 62 years in August 2022. 

As per the 2023 M3M Hurun Global Rich List, India added 16 new billionaires and occupied the third spot on the chart among countries even as the number of billionaires dropped by 8 per cent globally.

At the global level, the 2023 M3M Hurun Global Rich List added 176 new faces, from 18 industries and 99 cities.

According to an official release, Indian billionaires, over the last 5 years, in 2023 M3M Hurun Global Rich list added US $360 billion to their cumulative wealth – which is equivalent to Hong Kong’s GDP.

The Hurun Global Rich List 2023 ranked 3,112 billionaires, down from 3,384 last year, from 2,356 companies and 69 countries, according to the official statement.

As many as 1,078 saw their wealth increase, of which 176 were new faces and around 2,479 saw their wealth decrease or stay the same, of which 445 dropped off, the statement reads further.

According to the stock analysis portal trendlyne, Rekha Jhunjhunwala publicly holds 29 stocks with a net worth of over Rs 25,655 crore as of March 22, 2023. Among top stocks she held are Titan, Tata Motors, Metro Brands, Crisil, and Canara Bank among others.

Late billionaire investor Rakesh Jhunjhunwala will be awarded the Padma Shri posthumously on the evening of March 22, 2023, for his contributions in the trade and industry field. Jhunjhunwala’s family is expected to attend the ceremony and accept the award on his behalf.

Touted as the Big Bull of the Indian stock market, Rakesh Jhunjhunwala had an estimated net worth of $5.8 billion as of August 2022, according to Forbes.