Rakesh Jhunjhunwala Story

Rakesh Jhunjhunwala story: Referring to the Forbes reports, Rakesh Jhunjhunwala’s personal wealth is $3.1 billion, or above Rs 19,000 crores. So, how did a common Mumbai resident with only Rs 5,000 become one of India’s most popular stock investors? This is what we’ll be talking about today.

Real Rakesh Jhunjhunwala Story

We’ll take you through Rakesh Jhunjhunwala Story in the Indian stock market in this article. How he amassed a fortune of over Rs 19,000 crores after beginning with just Rs 5,000. Let’s get this ready to have fun.

Early Life

First in Rakesh Jhunjhunwala Story we will talk about his early life and rakesh jhunjhunwala family. Rakesh Jhunjhunwala, nicknamed the “Indian Warren Buffett,” was birthed in Mumbai on July 5, 1960. His father worked for the Internal Revenue Service.

Rakesh Jhunjhunwala tended to overhear his father debating the sharemarket with his friends on a regular basis. Since he was fascinated by shares, he once inquired of his father as to why the share price tends to change on a regular basis. His father advised him to peruse newspapers because the news is what causes share prices to vary significantly

College Life

Rakesh Jhunjhunwala has also shown an interest in working in the stock market. His father, on the other hand, advised rakesh jhunjhunwala degree from a university. Rakesh Jhunjhunwala is a chartered accountant who studied from Sydenham College in 1985.

After college, he and his father explored his dream of becoming a stock market investor once more. His father responded that he is free to pursue whatever career he wants. However, he also said that he would not give him any money and that he would not be able to obtain the essential capital from either of his dad’s friends.

Share Market Entry

The real turing point in Rakesh Jhunjhunwala Story is his entry. In 1985, Mr. Rakesh Jhunjhunwala invested Rs 5,000 in the share market. The Sensex was at 150 points at the time (The Sensex is presently floating about 50,000 points).

Nonetheless, Rakesh Jhunjhunwala was able to obtain a sum of Rs 2.5 lakhs from one of his cousin’s customers after offering better returns than fixed deposits.

1986

In 1986, Rakesh Jhunjhunwala made his first significant income of Rs 0.5 million. He purchased 5,000 Tata Tea shares for Rs 43 and sold them for Rs 143 in three months. By selling Tata tea shares, he earned a return of more than three times.

1986 to 1989

In the coming years. Rakesh Jhunjhunwala earned a lot of money throughout the stock market. He gained Rs 20-25 lakhs throughout 1986 to 1989. His next major transaction was in Sesa Goa, which he purchased for Rs 28 and then expanded at Rs 35. The stock quickly rose to Rs 65.

Own Business

Rakesh Jhunjhunwala is the CEO of RARE Enterprises, a privately held share trading company. The word is a combination of his 1st two initials as well as the name of his wife, Mrs. Rekha Jhunjhunwala.

Rakesh Jhunjhunwala engaged in a variety of multi-bagger shares throughout his lengthy career in the financial markets and rakesh jhunjhunwala nickname become big bull.

Best Stocks

Rakesh Jhunjhunwala purchased ‘Titan Company Limited’ at an estimated value of Inr 3 in 2002-03, and it is presently priced at Rs 1522. He owns approximately 4.5 crore shares in the Titan Corporation. He owns 5.52 percent of the business on a ‘total’ basis.

He purchased in LUPIN in 2006, with an estimated buy price of Rs 150. LUPIN is currently trading at Rs 822.20. CRISIL, PRAJ IND, Aurobindo Pharma, NCC, and many multi-baggers in Rakesh Jhunjhunwala’s collection.

Interesting Fact about Rakesh Jhunjhunwala Story

Rakesh Jhunjhunwala is a film producer in addition to serving on the boards of directors of major corporations such as Prime Focus Ltd, Geojit BNP Paribas Financial Services, Praj Industries, Concord Biotech, and others. He has produced films such as ‘English-Vinglish,’ ‘Shamitabh,’ and ‘Ki and Ka.’ Hungama Digital Media Entertainment Pvt Ltd is his company’s president.

Current Holdings