Investor Rakesh Jhunjhunwala had the Midas touch. Many people referred to Jhunjhunwala as India’s Warren Buffet. He was a chartered accountant as well as a dealer. Jhunjhunwala was listed as the 36th richest person in the nation on Forbes’ Rich List. One can say that he had the brains to invest in the right venture at the right time, which in turn increased Rakesh Jhunjhunwala net worth massively over years. In this article, we will inform you about his wealth. We will also cover Rakesh Jhunjhunwala company and go through Rakesh Jhunjhunwala investment.
Rakesh Jhunjhunwala Net Worth, Stocks, Companies
Rakesh was on the boards of directors for companies including Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services. He was also the chairman of Hungama Media and Aptech. He was the master of identifying high profit stocks and investing in them at the right time. Let us learn more about the man himself.
About Rakesh Jhunjhunwala
Jhunjhunwala was raised in a Rajasthani Marwari household in Mumbai where he was born on July 5, 1960. His father, Radheshyam Jhunjhunwala, was an income tax commissioner. After completing his studies at Sydenham College, he applied to the Institute of Chartered Accountants of India. Jhunjhunwala became interested in the markets after hearing his father and his friends talking about them. While providing him with market guidance, his father never offered him any money to invest and banned him from approaching acquaintances for loans.
When Jhunjhunwala was a college student, he began experimenting with the stock market by using his available savings. Jhunjhunwala took chances from the beginning. With the promise of returning the capital with larger rates than those offered by bank fixed deposits, he borrowed the money from his brother’s clients. Read on to know more about Rakesh Jhunjhunwala net worth.
Jhunjhunwala started with INR 5,000 in the capital in 1985, and his first significant profit came in the shape of INR 5 lakh in 1986. When he purchased 5,000 shares in Tata Tea in 1986 for Rs 43, the price increased to Rs 143 within 3 months, and he made his first significant profit.
He had more than tripled his earnings with Rakesh Jhunjhunwala stocks. He had made between 20 and 25 lakhs in three years. Jhunjhunwala made profitable investments in Praj Industries, Aurobindo Pharma, Titan, CRISIL, Sesa Goa, and NCC throughout the years. Read more to know about various Rakesh Jhunjhunwala company.
On February 22, 1987, Rakesh Jhunjhunwala wed Rekha Jhunjhunwala. Three kids were born to the couple. On June 30, 2004, their daughter Nishtha was born. Aryaman and Aryaveer, their identical boys, were born on March 2, 2009.
Rakesh Jhunjhunwala Net Worth
Big Bull Rakesh Jhunjhunwala’s net worth is about Rs 48,000 crore or $5.8 Billion during his 37-year investing career. Jhunjhunwala amassed considerable wealth throughout his career and, by the time he retired, owned stakes in over thirty businesses, the most valuable of which was Titan (a Tata Group company).
Other businesses that he owned included Aptech, Escorts, Canara Bank, Indian Hotels Company, Star Health, Rallis India, Agro Tech Foods, Nazara Technologies, and Tata Motors acts as major Rakesh Jhunjhunwala investment.
Also Read: Ratan Tata Net Worth, Income Per Day, Assets
Rakesh Jhunjhunwala Per Day Income
Rakesh Jhunjhunwala, a renowned investor, generated around Rs 5.59 crore daily in 2019. One should know that these fissures of Rakesh Jhunjhunwala per day income can change with time.
Rakesh Jhunjhunwala Stocks and Investment
33 stocks worth more than $3 billion were held by Rakesh Jhunjhunwala. Here are some of the Rakesh Jhunjhunwala stocks that you should know of:
- Titan Company Ltd.
- Tata Motors Ltd.
- Crisil Ltd.
- Escorts Ltd.
- Fortis Healthcare Ltd.
- Nazara Technologies Ltd.
- Jubilant Ingrevia Ltd.
- Lupin Ltd.
- Steel Authority of India (SAIL) Ltd.
- Jubilant Pharmova Ltd.
- Rallis India Ltd.
- Delta Corp Ltd.
- Indian Hotels Company Ltd.
- Federal Bank Ltd.
- Tata Communications Ltd.
- Multi Commodity Exchange of India Ltd.
- Aptech Ltd.
- Indiabulls Housing Finance Ltd.
- Agro Tech Foods Ltd.
- Geojit Financial Services Ltd.
- Dishman Carbogen Amcis Ltd.
- Edelweiss Financial Services Ltd.
- Wockhardt Ltd.
- Anant Raj Ltd.
- TARC Ltd.
- Orient Cement Ltd.
- Man Infraconstruction Ltd.
- Prakash Industries Ltd.
- Prozone Intu Properties Ltd.
- Prakash Pipes Ltd.
- The Mandhana Retail Ventures Ltd.
Rakesh Jhunjhunwala Company
In addition to serving on the boards of directors of several Indian businesses, including Prime Focus Limited, Praj Industries Limited, Provogue India Limited, Mid Day Multimedia Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited, etc.
Mr. Jhunjhunwala was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. Now you know why Rakesh Jhunjhunwala net worth is in billions.
With the most recent Rakesh Jhunjhunwala company, Akasa airlines, the seasoned investor had also just entered the aviation industry. On June 21, it received its first Boeing 737 Max aircraft in India. In July, it completed proving flights before receiving the Air Operator Permit it needed to begin conducting commercial flights.
Jhunjhunwala was under investigation in 2021 for insider trading after engaging in irregular stock trading in Aptech Computers. Jhunjhunwala and others were accused by SEBI of trading in Aptech while in knowledge of unpublished price-sensitive information (UPSI). After receiving a total payment of 35 crore rupees from Jhunjhunwala and his friends, the SEBI resolved the matter in July 2021. Jhunjhunwala made a payment of 18.5 crores and his wife made a payment of 3.2 crores. Learn more about Rakesh Jhunjhunwala investment.
His list of charitable endeavors includes food and education-related ventures and organizations. Jhunjhunwala intended to donate 25% of his wealth to charity by the year 2020. He has donated to organizations including Arpan, which works to educate kids against sexual exploitation, Agastya International Foundation, and St Jude, which operates homes for kids with cancer. Additionally, he founded the Olympic Gold Quest, Friends of Tribals Society, and Ashoka University. He was constructing an eye facility in Navi Mumbai that will provide 15,000 free eye surgery.
Jhunjhunwala became unwell on August 14, 2022 and was sent to Breach Candy Hospital in Mumbai. He passed away there at about 6:30 a.m. He then disclosed that he had acute multiple organ failure and kidney-related issues.
Rakesh Jhunjhunwala firmly felt that “you can start whatever you can do or dream of. Boldness possesses genius, strength, and magic.” Thus, one should treat stock market shopping the same as other forms of retail.
You should purchase stocks at the same low prices you attempt to purchase other items. Many people have profited from his stock market investment techniques. He epitomizes the proverb “with big risks come great rewards.” We hope you enjoyed learning about Rakesh Jhunjhunwala net worth and about the life of this great man.