Sat. Sep 30th, 2023
Rakesh Jhunjhunwala

Rakesh Jhunjhunwala was an Indian businessman and investor, often referred to as the “Warren Buffett of India.” He was born on July 5, 1960, in Mumbai and began his career as a chartered accountant. He started trading in the stock market in 1985 and over the years has built a significant portfolio of investments. Jhunjhunwala was known for his contrarian investing style, often buying into undervalued companies and holding onto them for the long term. He is also known for his philanthropic efforts, particularly in the areas of education and health care. Jhunjhunwala was considered one of the most successful investors in India, with an estimated net worth of over $5 billion USD.

Rakesh Jhunjhunwala Wiki/Bio:

Real Name:Rakesh Jhunjhunwala
Nick Name:The Big Bull, The King of Dalal Street
Date of Birth:05 July 1960
Birthplace:Hyderabad, Telangana
Zodiac Sign:Cancer
Nationality:Indian
Religion:Hinduism
Profession:Investor, Trader, Businessman, CA
Death Date:14 August 2022
Death Place:Mumbai

Rakesh Jhunjhunwala Education:

Education Qualification:B.Com from Sydenham College of Commerce & Economics (1985)

CA from the Institute of Chartered Accountants of India

Rakesh Jhunjhunwala Early Life:

Rakesh Jhunjhunwala was born on July 5, 1960, in Mumbai, India. He comes from a family of business people and grew up in a middle-class family. He began trading in the stock market in 1985, with a small amount of money, and over the years has built a significant portfolio of investments. Jhunjhunwala is known for his contrarian investing style, often buying into undervalued companies and holding onto them for the long term. He has also been known to invest in companies that are facing financial troubles, and then turn them around.

Rakesh Jhunjhunwala’s father was an official in the Indian Income Tax Department and an avid stock market investor. His father’s interest and involvement in the stock market piqued Rakesh’s curiosity and ultimately sparked his own interest in the world of share investment.

Rakesh Jhunjhunwala and Associates’s Portfolio:

As of December 2022, the top 10 stocks in the portfolio of Rakesh Jhunjhunwala and Associates are as follows:

Name of the CompanyHolding Value (Rs.)No. of Shares Held
Star Health and Allied Insurance Company Ltd.5,754.1 Cr10,07,53,935
NCC Ltd.781.1 Cr8,21,80,932
Federal Bank Ltd.767.5 Cr5,47,21,060
Titan Company Ltd.11,056.8 Cr4,58,95,970
Metro Brands Ltd.3,345.7 Cr3,91,53,600
Crisil Ltd.1,218.4 Cr40,00,000
Fortis Healthcare Ltd.997.8 Cr3,51,52,108
Indian Hotels Company Ltd.925.7 Cr3,00,16,965
Canara Bank1,226.6 Cr3,75,97,600
Tata Motors Ltd.1,507.7 Cr3,67,50,000

Rakesh Jhunjhunwala Latest Investments:

Rakesh Jhunjhunwala’s investment firm, RARE Enterprise, recently acquired 42.5 lakh shares of Singer India at a price of Rs. 53.35. Due to Jhunjhunwala’s reputation as a savvy investor, the news of this purchase caused a rally in Singer India’s shares for the next two trading sessions.

Rakesh Jhunjhunwala Death:

On August 14, 2022, Jhunjhunwala fell ill and was rushed to Breach Candy Hospital in Mumbai. Unfortunately, he passed away at around 6:30 a.m. Medical reports indicate that the cause of death was related to kidney problems and acute failure of multiple organs.

FAQs:

Who is Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala was a prominent Indian businessman, chartered accountant, stock trader, and investor. He started his journey in the world of investment with a small capital of ₹5,000 in 1985 and made his first significant profit in the following year. At the time of his death, his estimated net worth was $5.8 billion, making him one of the wealthiest individuals in the world, being ranked 438th on the global richest person list. He was a partner in his own asset management firm, Rare Enterprises.

How Rakesh Jhunjhunwala died?

He died on 14 August 2022. According to medical reports, the cause of death is attributed to kidney-related issues and the acute failure of multiple organs.

What is the biggest stock in Rakesh Jhunjhunwala portfolio?

The company in which Rakesh Jhunjhunwala held the largest stake by value was Titan Company Ltd. it is currently worth over ₹11,056.8 Cr.

What is Rakesh Jhunjhunwala Net Worth?

The estimated net worth of over $5 billion USD.

By Vivz

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