Rakesh Jhunjhunwala, the Indian successful investor, was born on 5 July 1960 in Hyderabad, Telangana state. They were not Proper Hedrabadi. Their Hometown is Jhunjhunu.
That’s why his surname is Jhunjhunwala. By the way, he is a Marwari. Rakesh Jhunjhunwala is the Big Bull of the Indian Stock Market.
His father’s name was Radheshyam Ji Jhunjhunwala who was a tax officer in the tax department. Big Bull was interested in the stock market since childhood.
During this time, he once asked his father in his childhood that ‘why does the stock market rise and fall every day, in response to which his father said that you read the newspaper daily.
Then he told his son that knowing the stock market is not such an easy task, this stock market lives in ups and downs every day. So he advised him to read the paper.
He used to read the page of the stock market every day and this is the beginning of his investing success. And at present, Rakesh Jhunjhunwala is the King of the stock market and he is also known as the Warren Buffett of India.
Family Of Rakesh Jhujhunwala
He was born in a Marwari family.
His mother’s name was Urmila Jhunjhunwala and Rakesh Jhunjhunwala’s wife’s name is Rekha Jhunjhunwala, who also invests in the stock market.
They have three children Aryaman Jhunjhunwala, Aryaveer Jhunjhunwala, Nishtha Jhunjhunwala. He has an elder brother Rajesh Jhunjhunwala who is also a Chartered Accountant and he has two sisters, in total, they are four siblings.
Lifestyle Of Rakesh Jhunjhunwala-
If we talk about his house, then apart from having crores of rupees, he had bought six flats in Mumbai’s apartment complex, which is worth Rs 176 crores.
There is a bungalow of 16000 square feet in Mumbai with him. Which he built in 2006, it is quite beautiful to see. Along with this, they have a lot of property in Bangalore now and keep buying a lot of property here and selling it with profit.
Also, he has BMW X5 which costs ₹ 8000000, and the second car he has is Mercedes-Benz C which is worth ₹ 10000000, the third car he has is Audi Q7 which costs ₹ 7000000.
Along with this, he has a car collection, total price is ₹ 700000000.
Financial Condition-
Rakesh Jhunjhunwala’s father was an officer in the Income Tax Department, so his financial condition has been good since childhood, neither very high nor very low, but when he asked his father to invest in the stock market for the first time, then his father Refused and said that I will not give you any money for this work.
Therefore, after becoming a chartered accountant, he invested only ₹ 5000 in the first stock market in the year 1985. Sorry, I forgot to tell you that At present, Rakesh Jhunjhunwala is not only an investor but he is also a trader, businessman, and chartered accountant.
Rakesh Jhunjhunwala is the owner of Rear Enterprises. And today his financial condition is such that he does not need anyone’s introduction. He is also currently the Chairman of Hungama Digital Media Entertainment Pvt Ltd there.
Educational Qualification —
Rakesh Jhunjhunwala did his schooling from Aam Pathshala, he did his education from B.Com and Chartered Accountant College, Sydenham College of Commerce and Economics, Mumbai, then joined The Institute of Chartered Accountants of India to study Chartered Accountants.
He is a Chartered Accountant by profession. But due to their interest in the share market, he soon became a big investor in the stock market.
Net Worth Of Rakesh Jhunjhunwala
Looking at the success of Rakesh Jhunjhunwala, if we talk about his net worth, then friends his net worth is 4.6 billion US dollars, which is Rs 34,200 crore in Indian currency.
Business Success Story of Rakesh Jhunjhunwala-
Being interested in the stock market since childhood, one day he expressed his desire to invest in the stock market with his father, but his father refused him to complete his studies first. After that make the decision.
After this, he completed his education. But when he became a chartered accountant, at that time he did not have much money to invest in the stock market, so he invested only ₹ 5000 in the stock market.
At that time the BSE Sensex was on 150 points but his biggest profit was in 1986 when he bought 5000 shares of Tata Tea Company at the rate of 43 per rupee and sold it after 3 months at the rate of ₹ 143 and this made him a profit of 500000.
And with this, using his sharp mind, he made a profit of 250000 between 1986 and 1989. And his wealth became in crores in no time.
The biggest profit in his life came between 2002 and 2003 when he bought 6 crore shares of Titan Company at ₹ 3 per share and later its rate increased to ₹ 390 per share, due to which Rakesh Jhunjhunwala got a huge profit.
Share List Of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala first started investing in the stock market by buying the shares of Tata Company and today is the present day.
He has bought shares of these 39 companies.
1- National Aluminum Company Ltd., in which he has invested Rs 257.6 crore by taking 2.5 crore shares.
2- Indiabulls Real Estate Ltd., whose 50 lakh shares are with Rakesh Jhunjhunwala. He has invested around Rs 80.3 crore in this company.
3- Rakesh Jhunjhunwala has an investment of Rs 581.1 crore in Canara Bank, of which he has about 2.9 crore shares.
4- Rakesh Jhunjhunwala holds about 7.57 crore shares of Federal Bank Limited. He has invested around Rs 776.5 crore in this bank.
Rakesh Jhunjhunwala has invested about Rs 843.9 crore in Steel Authority of India (SAIL) Ltd. He has about 7.25 crore shares of this company.
Jhunjhunwala’s most successful company is Titan-
6- Titan Company Ltd. is one of the favorite shares of Rakesh Jhunjhunwala. He has invested Rs 10,474.9 crore in this company. He holds about 4.33 crore shares of the company.
7- Tata Communications Limited (Tata Communications Ltd.), in which Rakesh Jhunjhunwala has bought about 30.75 lakh shares by investing Rs 426.6 crore.
8- Rakesh Jhunjhunwala has invested Rs 941.2 crore in Escorts Ltd. He has bought about 64 lakh shares of it.
9- Rakesh Jhunjhunwala has also invested Rs 10 crore in Autoline Industries Ltd. and has bought close to 17.51 lakh shares.
10- In Man Infraconstruction Ltd., he has bought 30 lakh shares of the company by investing Rs 32.6 crore.
From media to cement industry-
11- Jhunjhunwala has invested Rs 150.3 crore in TV18 Broadcast Ltd. and has bought 3.5 crore shares of the company.
12- He has invested Rs 599.2 crore in NCC Ltd. and has bought about 7.83 crore shares of the company.
13. Jhunjhunwala has an investment of Rs 38.2 crore in Orient Cement Ltd. He has bought 25 lakh shares of this company.
14- In Prakash Industries Ltd., he has invested Rs 17.2 crore by buying 25 lakh shares.
15- Rakesh Jhunjhunwala has invested Rs 14.3 crore in Bilcare Ltd. and has bought 19.97 lakh shares.
16- DB Realty Ltd., in which he has invested Rs 22.2 crore and has bought 50 lakh shares.
17- Rakesh Jhunjhunwala has invested Rs 8.7 crore in Prozone Intu Properties Ltd. and has bought 31.5 lakh shares.
18- Rakesh Jhunjhunwala has invested Rs 605.6 crore in Jubilant Pharmova Ltd. by buying about 1 crore shares.
19- Jhunjhunwala holds 2 crore shares of Delta Corp Ltd. and has invested Rs 540.8 crore in this company.
20- Rakesh Jhunjhunwala has invested Rs 896.1 crore in Nazara Technologies Ltd. and has bought about 32.94 lakh shares.
21- Anant Raj Ltd. Company has bought about 1 crore shares by investing Rs 67.5 crore.
22- He has invested Rs 4.7 crore in Prakash Pipes Ltd. He holds about 3.12 lakh shares of the company.
23- Jhunjhunwala has invested Rs 517 crore in Indian Hotels Company Ltd. and has bought about 2.5 crore shares of the company.
24- Jhunjhunwala holds 50 lakh shares of Va Tech Wabag Ltd. and has invested Rs 169.8 crore in this company.
25- Jhunjhunwala has invested Rs 118.4 crore in Edelweiss Financial Services Ltd. and has bought about 1.51 crore shares.
26- Jhunjhunwala has bought about 25 lakh shares by investing Rs 111.6 crore in Wockhardt Ltd.
27- Jhunjhunwala has about 50 lakh shares of Dishman Carbogen Amcis Ltd. and has invested Rs 106.9 crore in this company.
28- Jhunjhunwala has invested Rs 201.6 crore in Agro Tech Foods Ltd. and he has about 20 lakh shares of the company.
29- Rakesh Jhunjhunwala has taken about 39.75 lakh shares by investing Rs 1120.9 crore in Crisil Ltd.
30- Rakesh Jhunjhunwala has invested Rs 157.5 crore in Geojit Financial Services Ltd. and has bought 1.8 crore shares.
31- About 96.68 lakh shares of Aptech Ltd. are with Jhunjhunwala and he has 299 crores in this company.
32- Jhunjhunwala has bought about 3.67 crore shares in Tata Motors Ltd. by investing Rs 1804.4 crore.
33- Fortis Healthcare Ltd., in which Jhunjhunwala has invested Rs 819.4 crore and has bought about 3.19 crore shares.
34- Jhunjhunwala has bought 1.90 crore shares in Rallis India Ltd. by investing Rs 524.6 crore.
35- Jhunjhunwala has invested Rs 596.3 crore in Jubilant Ingrevia Ltd. and has bought about 88 lakh shares.
36- Jhunjhunwala has bought about 50 lakh shares in Indiabulls Housing Finance Ltd. by investing Rs 115.4 crore.
37- Jhunjhunwala has invested Rs 19.6 crore in TARC Ltd. and has bought about 46.95 lakh shares of the company.
38- Jhunjhunwala has Rs 2.8 crore in The Mandhana Retail Ventures Ltd., from which he has bought 16.30 lakh shares of the company.
39- Rakesh Jhunjhunwala has invested Rs 177.9 crore in Karur Vysya Bank Ltd. He has bought about 3.5 crore shares of the company.
Friends, this cannot be said by looking at someone’s successes. That there has never been undefeated in life. But every successful man has failed many times in his life and so did the famous businessman of India, Jhunjhunwala.
Seeing his today’s success, it cannot be said that he has never failed in his life, he has also taken losses many times in his success.
In December 2011, he had invested in many big companies.
His shares have fallen very sharply in which there is a fall of 30% but he used his sharp mind to recover that loss in February 2012 itself.
And recently the stock market suffered a lot due to Corona.
But because of the business ups and downs due to this, he has made his investment of 5000 rupees in presently more than 43 thousand crore, so today he is 48th richest person in India.
This has always been the mantra of ‘buy right and hold tight’ Rakesh Jhunjhunwala. Buy the right one and sell it at the right time, if you show haste in the stock market, then the loss is sure to happen.
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