Entire Life Story of Rakesh Jhunjhunwala :The Warren Buffett of India

Who is he ?

Rakesh Jhunjhunwala is a famous and wealthy Indian Businessman, an Investor, Trader and owner of Rare enterprises.

Famous For 

Rakesh Jhunjhunwala is also known as “Warren Buffett of India” is the most famous and respected investor of India

How rich is he ?

According to Forbes, today, he is the 53rd richest person in India.

Birth 

Mr Rakesh Jhunjhunwala is born on 5 July 1960 in a very middle-class family in Mumbai

His Father 

His father was an Income tax officer. He is fascinated with stock marketing since childhood

Education 

He has completed his graduation from Sydenham College of Commerce and Economics, Mumbai.

His Father replied 

Then, his father told him a few important things that still help him in his career. His father said to him: - ” Always do what you are interested in”.

His Father replied 

- His father encouraged him and said, “Be fearless”.

How did he start

When Rakesh Jhunjhunwala started his career, he had only 5,000 rupees in the pocket.

How did he start

That time his brother, who was practising chartered accounting had a great client. That lady had a big capital and wanted significant returns.

A Small Start

That time, the bank used to give 10% returns in a deposit. Rakesh offered her to give 18% returns per year because of this Rakesh got 2,50,000 rupees from that lady.

A Small Start

That time, the bank used to give 10% returns in a deposit. Rakesh offered her to give 18% returns per year because of this Rakesh got 2,50,000 rupees from that lady.

A Small Start

He also took 5,00,000 rupees from one another person, and that’s how one by one he arranged his initial capital.

Return on the 1st investment 

In the beginning period of his career, Rakesh earned 8 to 10 lakh rupees by trading.

Big Investment

In 1988, he bought Sesa Goa shares of 2.5 lakh at a price of 28 rupees and another 2.5 lakh shares in the cost of 35 rupees.

First Big Return 

After six months, Sesa Goa price increased to 65 rupees. In 1989, the government of VP Singh

Proved him as a investor

Rakesh Jhunjhunwala proved him right as the day of budget Madhu Dhanwati announced great budget which was supportive for business.

A good day had  already begun

Before this announcement, Rakesh Jhunjhunwala net worth was 2 Crores, and after five months of budget net worth increased to 40-50 Crores.

A good day had  already begun

Before this announcement, Rakesh Jhunjhunwala net worth was 2 Crores, and after five months of budget net worth increased to 40-50 Crores.

Second Biggest profit

In 2002-2003, he purchased Titan Company (a big jewellery brand) shares in 4.5 rupees per share average price.

Second Biggest Investment

In 2002-2003, he purchased Titan Company (a big jewellery brand) shares in 4.5 rupees per share average price.

Second Biggest Return

Titan stock increased to 80 rupees then fell to rupees 30 after some time. Due to this, the value of Rakesh Jhunjhunwala portfolio deprived to over 300 crore

Rakesh Jhunjhunwala net worth

Rakesh Jhunjhunwala net worth is $ 2.3 billion means around 15000 Crore rupees. On his 60th birthday, 5 July 2020, he announced to donate 25% of his wealth.

Rakesh Jhunjhunwala Death

He was brought to the Candy Breach Hospital at 6:45 AM on 14 August 2022 and was declared dead.

How Rakesh Jhunjhunwala Made his 1st profit  from 'Tea',