Rakesh Jhunjhunwala Biography, family, investments, Age, Caste, Wife, Children, Family, net worth. According to Forbes, at the time of his death, his net worth was at $5.8 billion. He was also called Indian warren Buffet, passed away on August 14, 2022 at the age of 62. He was admitted in Mumbai in Breach Candy Hospital.
According to Forbes’ Rich List, Mr. Rakesh Jhunjhunwala is the 36th richest man in the country. He is the chairman of Aptech and Hungama Media. Mr. Rakesh was also the board of directors of firms such as – Concord Biotech, Geojit Financial Services, Viceroy Hotels, Provogue India. He died in the hospital at 6.45 AM in the morning on 14th August 2022.
Everybody was happy when a few days back, he started Akasa Airlines. Everyone in the world is shocked to hear the news of Mr. Rakesh Jhunjhunwala’s sudden death. In our page, we ware sharing some facts about Rakesh Jhunjhunwala stock portfolio, Rakesh Jhunjhunwala Net Worth 2022, Rakesh Jhunjhunwala Biography, about Rakesh Jhunjhunwala Family and Death of Rakesh Jhunjhunwala so read this article till the end to get all the info with facts.
Rakesh Jhunjhunwala Net Worth
As per the Forbes richest report, Mr. Rakesh Jhunjhunwala was the 36th richest Indian in 2021. And in 2022 year, he became the 438th richest person in the world. His stock portfolio includes various major companies stocks and he holds shares in of these companies in bulk. As per the latest report by Forbes, Mr. Rakesh Jhunjhunwala net worth is more than Rs 41,000 crore.
As of 10 August 2022, his stock holdings worth in the top companies were Rs 30,654 crore. Late Shri Rakesh Jhunjhunwala start the investment in the year 1985 with just Rs. 5000 and today his total net worth is more than Rs. 41,000 crore.
Rakesh Jhunjhunwala early life and Education.
Rakesh Jhunjhunwala ji was born in a Rajasthani family on 5th July 1960. His forefathers belong to Jhunjhunu place in Rajesthan and that was the reason behind his surname. He got some good carrer guidelines as his father was n Income Tax Commissioner. He spend most of his childhood in Mumbai. After completing schooling, he took admission in Sydenham College. After that he enroll in Institute of Chartered Accountants of India.
Jhunjhunwala stock list
- Aurobindo Pharma
- Praj Industries,
- Geojit Financial Services
- Fortis Healthcare
- Rallis India
- Aptech Limited
- Ion Exchange
- Jubilant Life Sciences
- VIP Industries
Rakesh Jhunjhunwala Lifestyle.
You will be surprised to know that he was the big fan of the dosa, the famous south Indian delicious. He was also a big fan of Waheeda Rehman, Amitabh Bachchan.
Rakesh Jhunjhunwala purchased half of a sea facing building having six plush apartments in the Malabar Hill area of Mumbai. He bought it from Standard Chartered Bank for Rs 176 crore. He also owns a holiday home in Lonavala.
How Rakesh Jhunjhunwala became the India’s Warren Buffett” or the “Big Bull of India?
Mr. Rakesh Jhunjhunwala started stock investment when he was in college. In 1985, he thought to invest in Dalal street with Rs 5,000 as capital. His capital grown to Rs 11,000 crore by September 2018.
This is interesting to know that Rakesh Jhunjhunwala gain interest in the stock market after listening to his father discussion with his friends. His father refuse to give him financial aid rather his father suggested him to read news papers for stock market updates.
Jhunjhunwala was the risk taker and borrowed money from his brother’s clients. He promis to return the money with higher returns as compare to bank fixed deposits.
He earn big profit in 1986 when he buy 5000 shares of Tata Tea at Rs 43. And those stock rose to 143 within three months and he earn three times profit. Jhunjhunwala successfully invested in Sesa Goa, CRISIL, Titan, Praj Industries, NCC and Aurobindo Pharma.
His stocks prices drop by 30 in 2008 global recession but recovered the lose in 2012. Jhunjhunwala also bought 8 crore Titan shares in 2002-2003 at an average price of Rs 5 per share. However, today Titan stock average price is Rs 1,751. In 2017, he earned over Rs 875 crore in one day due to hike in Titan’s share price.
Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti.
Rakesh Jhunjhunwala death.
Rakesh felt some uneasiness in his health on 14th August 2022. He was admitted to Breach Candy Hospital in Mumbai and died around 6:30 am later that morning. Doctors inform that he had kidney-related problems and acute multiple organ failure.
Rakesh Jhunjhunwala Family details.
On 22nd February 1987, Rakesh Jhunjhunwala married Rekha, they had three children also. His private stock trading company Rare Enterprises drive name from initials of his children and his wife name. Nishtha is the elder daughter who born after six cycles of IVF in 2004. Aryaveer and Aryaman were twin sons born in 2009.
Rekha is also an investor. In April, this couple earned 832 crore through their investment in Metro Brands and Star Health Insurance stocks. Rakesh Jhunjhunwala Biography is so inspiring for all the investors and entrepreneurs.