There are many renowned stock market personalities in India. There is Harshad Mehta, Radahakishan damani, Manu Manek and many more. But one name that everyone is very familiar with is Rakesh Jhunjhunwala or ‘warren Buffett of India’. He is a popular personality in Dalal street and has now turned into a successful businessman.
But still, some people are oblivious to him. If you are one of those people then don’t worry because your search for information on Rakesh Jhunjhunwala has brought you to the just-right place.
In this blog, I will give you all information related to Rakesh Jhunjhunwala.
Who is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala is an Indian business tycoon, investor, and stock trader. He is chairman of Hungama digital media entertainment Pvt ltd and Aptech ltd. He also sits on the board of directors of companies like Geojit financial services, Bilcare ltd, Provogue India Ltd, Praj industries limited, Concord Biotech Ltd. Currently, he is serving as a member of the board of advisors of India’s international movement to UN.
He is popularly known by the names like ‘Dalal street mogul’, ‘Warren Buffett of India’, and the big bull because of his bullish appearance.
Rakesh Jhunjhunwala’s Family
Rakesh Jhunjhunwala was born on 5 July 1960. He was born in a Rajasthani family in Bombay Maharashtra. His father, Radheshyamji Jhunjhunwalal was an income tax officer, and his mother, Urmila Jhunjhunwala was a homemaker.
Rakesh Jhunjhunwala has one brother, Rajesh Jhunjhunwala, and two sisters Sudha Gupta and Neena Saganeria.
On 22 February 1987, Rakesh Jhunjhunwala was married to Rekha Jhunjhunwala and the duo had one daughter named Nishtha Jhunjhunwala and two sons named Aryaman Jhunjhunwalal and Aryaveer Jhunjhunwala.
Educational Background of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala completed his schooling in the year 1985 from Sydenham college, after that he went for higher studies with a dream of becoming a CA. To become a CA, he joined the institute of chartered accountants of India.
Rakesh Jhunjhunwala as a Philanthropist
Apart from being a great investor and a successful businessman Rakesh jhunjhunwala is also a philanthropist. He is a contributor to st Jude, an organization that runs shelters for children affected by cancer, he is also a contributor to Agastya international foundation and Arpaan, these organizations spread awareness among people and children regarding sexual exploitation.
By the year 2020 Rakesh has donated 25% of his wealth as a charity as of now he is building an eye hospital in Mumbai which is capable of performing 15,000 eye surgeries free of cost.
The Career of Rakesh Jhunjhunwala as an Investor
Rakesh Jhunjhunwala entered the world of the stock market when he was a college student. According to him, it was after listing to his father’s discussion with his friend about the stock market that developed the interest within him.
Rakesh Jhunjhunu said that his father used to advise him to read the newspaper daily to keep updated on what is going on in the stock market. Rakesh Jhunjhunwala’s father was very supportive when it comes to the stock market but he forbade young Rakesh from borrowing any money from his friends or taking a loan to invest.
But Rakesh refused to follow his father’s advice and borrowed money from his brother’s client and promised to return the money with a high rate of interest.
His first-ever investment was in the year 1985 when he invested Rs 5,000 as capital and by September 2018 his invested capital inflated to Rs 11,000 crore.
In the year 1986, Rakesh bought 5,000 Tata tea shares at Rs 43 per share and within three months the per-share cost of Tata tea rose to Rs 143, this was the first big profit of Rakesh Jhunjhunwala. Within three years of investing Rakesh Jhunjhunwala earned 20-25 lakh.
Rakesh Jhunjhunwala is a successful investor of renowned shares and companies like Titan, Sesa Goa, Praj industries, CRISIL, Aurobindo pharma, and NCC and has earned huge profits.
Rakesh Jhunjhunwala’s Net Worth
Rakesh Jhunjhunwala is a successful investor and a huge business tycoon he has a towering net worth of $3 billion and he is the 48th richest man in India.
Rakesh Jhunjhunwala’s portfolio.
According to the latest information available, Rakesh Jhunjhunwala publicly holds 37 stocks with a worth of Rs. 33,861.8 Cr. His portfolio can be accessed by clicking here
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(FAQ) Frequently Asked Questions about Rakesh Jhunjhunwala
These are some frequently asked questions about Rakesh Jhunjhunwala on google.
Is Rakesh Jhunjhunwala married?
Yes, Rakesh Jhunjhunwala was married in the year 1987 to Rekha Jhunjhunwala.
What is the age of Rakesh Jhunjhunwala?
As of 2022, Rakesh Jhunjhunwala’s age is 61 years. His date of birth is 5 July 1960.
So this was all about Rakesh Jhunjhunwala. I have covered all the information available on him. Rakesh Jhunjhunwala is a successful businessman and investor but is also a philanthropist, his name is and will always be included among the top investors of India.