Meet the Wizard of Dalal Street—Rakesh Jhunjhunwala!
There are many renowned stock market personalities in India.
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.
Table of Contents
Who is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala, an Indian business magnate, investor, and stock trader, holds key positions in the business realm.
As the chairman of Hungama Digital Media Entertainment Pvt Ltd and Aptech Ltd, he steers the ship of these ventures.
Additionally, his influence extends to the boards of directors of esteemed companies such as Geojit Financial Services, Bilcare Ltd, Provogue India Ltd, Praj Industries Limited, and Concord Biotech Ltd.
Currently, he is a member of the board of advisors of India’s international movement to the 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
He was born on 5 July 1960 and he died death 14 August 2023, He died at 62 age.
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
He completed his schooling in the year 1985 at Sydenham College after 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, which spread awareness among people and children regarding sexual exploitation.
By the year 2020, Rakesh has donated 25% of his wealth to a charity as of now he is building an eye hospital in Mumbai that 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 listening to his father’s discussion with his friend about the stock market that developed his interest within him.
Rakesh Jhunjhunu said that his father used to advise him to read the newspaper daily to keep updated on what was going on in the stock market.
His father was very supportive when it came 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, borrowed money from his brother’s client, and promised to return the money at a high interest rate.
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.
He 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
He 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)
I believe after going through this article you get a deep understanding of the topic.
Now here are some commonly asked questions that you might also have in your head.
So, let’s explore them.
Q1: Who is Rakesh Jhunjhunwala?
A1: Rakesh Jhunjhunwala is an Indian business tycoon, investor, and stock trader.
He is often referred to as the ‘Big Bull’ and the ‘Warren Buffett of India.’
Q2: What Companies Does Rakesh Jhunjhunwala Chair?
A2: Rakesh Jhunjhunwala serves as the chairman of Hungama Digital Media Entertainment Pvt Ltd and Aptech Ltd.
He is also a board member of several companies, including Geojit Financial Services and Bilcare Ltd.
Q3. Is Rakesh Jhunjhunwala Married?
A3: Yes, Rakesh Jhunjhunwala was married in the year 1987 to Rekha Jhunjhunwala.
Q4. What is The Age of Rakesh Jhunjhunwala?
A4: As of 2023, Rakesh Jhunjhunwala’s age is 62 years. His date of birth is 5 July 1960.
He died death 14 August 2023, He died at 62 age.
Q5: What is Rakesh Jhunjhunwala’s Contribution To Philanthropy?
A5: Rakesh Jhunjhunwala is a philanthropist and supports organizations like St Jude (providing shelters for children with cancer), Agastya International Foundation, and Arpaan (raising awareness about sexual exploitation).
He has pledged to donate 25% of his wealth to charity.
Q6: How Did Rakesh Jhunjhunwala Start His Career in The Stock Market?
A7: He entered the stock market while still a college student.
Inspired by his father’s discussions about the stock market, he started investing and made his first big profit in 1986 by investing in Tata Tea shares.
Q8: What is Rakesh Jhunjhunwala’s Net Worth?
In our exploration of Rakesh Jhunjhunwala’s life, we’ve encountered a financial luminary, a ‘Big Bull’ and the ‘Warren Buffett of India.’
From his humble beginnings as a college student navigating the stock market to his current stature as a billionaire businessman, Jhunjhunwala’s journey is both remarkable and inspiring.
Beyond the numbers, he is a philanthropist dedicated to impactful contributions.
His story is one of resilience, vision, and market expertise, leaving an indelible mark on India’s financial landscape.
As we conclude, Rakesh Jhunjhunwala’s influence resonates far beyond Dalal Street, shaping the narrative of success in the dynamic world of finance.
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