Rakesh Jhunjhunwala’s estate to be managed by pros & family

Rakesh Jhunjhunwala, India’s richest stock investor, had arranged to ensure that his estate including shares and property is bequeathed to his wife and three children, much before his death on Sunday.

Jhunjhunwala, “who was in and out of the hospital for the last six months” has left his assets – direct holdings in listed and unlisted companies as well as immovable properties – to his wife and three children, said a person with direct knowledge of the matter who didn’t wish to be identified. His estate will be managed by executors comprising professionals and family members, the person added.