Rakesh Jhunjhunwala net worth
Current Net Worth – $5.4 Billion (USD – 540 Crores), (Rupees – 41.9 Thousand Crores)
Rakesh Jhunjhunwala short biography
| Net Worth | $5.4 Billion |
|---|---|
| Born | July 5, 1961 (Age – 61) |
| Identified as | Indian Billionaire Business Magnate, Stock Trader & Investor |
| Status | Business Magnate |
| Education | Bombay University, B.Com; The Institute of Chartered Accountants of India, Chartered Accountant |
| Nationality | Indian |
| Residence | Mumbai, India |
| Spousal status | Married (Rekha Jhunjhunwala) |
| Children | 4 (Aryaman Jhunjhulwala, Nishtha Jhunjhunwala, Aryavir Jhunjhunwala) |
Rakesh Jhunjhunwala has a net worth of $5.4 Billion (Rupees – 41,974 Crores), which is making him one of the Top 100 Richest stock traders and investors in India.
He is an Indian business entrepreneur, stock trader, and investor worth billions of dollars.
As a director in his wealth management company, Rare Enterprises, he handles his own portfolio.
He is an investor with a Midas touch, is often referred to as India’s Warren Buffett.
He is the 48th richest individual in India, with an estimated net worth of $5.8 billion (as of December 2021).
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Rakesh Jhunjhunwala biography
| Full Name | Rakesh Jhunjhunwala |
| Birthplace | Bombay, Maharashtra, India |
| Height | 5.9 feet, 175 cm |
| Weight | 98 Kg |
| Father | Radheshyamji Jhunjhunwala |
| Mother | Urmila Jhunjhunwala |
Rakesh Jhunjhunwala was born on 5 July 1961, in Bombay, Maharashtra, India.
Rakesh was raised in a Marwadi family in Bombay, where his father served as the Commissioner of Income Tax, Bombay.
His surname implies that his forefathers came from the Rajasthani town of Jhunjhunu.
The Secret Journal of Rakesh Jhunjhunwala is a popular parody blog that jokingly portrays the Investor’s life, similar to the Fake Steve Jobs blog.
The writers were identified to be two persons by The Economic Times on June 7, 2012. Mark Fidelman, a Forbes columnist, for the first year, and Author and Writer Aditya Magal for the subsequent years.
Kavin Dave played a character modeled on him in the online series Scam 1992.
Rakesh Jhunjhunwala social media handles:
His tweet on 26 January:
Let us celebrate the Spirit of Free India. May all live in peace & harmony and prosper together. #HappyRepublicDay2021 #26January pic.twitter.com/ll9iGHWIEQ
— Jhunjhunwala (@JhunJhunwala_R) January 26, 2021
Education
He went on to the Institute of Chartered Accountants of India after graduating from Sydenham College.
Career
Jhunjhunwala, the son of an income tax official, began dabbling in stocks while still in college.
In 1985, he started trading with $100 when the Bombay Stock Exchange Index was at 150; it now trades at over 38,000.
His first major profit was $5 lakh in 1986. He profited nearly 20-25 lakhs between 1986 and 1989.
Jhunjhunwala serves on the boards of directors of Prime Focus Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Provogue India Limited, Concord Biotech Limited, Geojit Financial Services, Innovasynth Technologies (I) Limited, Viceroy Hotels Limited, Bilcare Limited, Praj Industries Limited, and Tops Security Limited.
He is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. He’s known as the “Warren Buffett of India” and the “King of the Bull Market.”
He also owns shares of Star Health Insurance, Metro Brands, and Concord Biotech, both of which are privately owned.
Titan, a watch and jewelry company owned by the Tata conglomerate, is his most profitable listed holding.
His largest stake, valued at 4,758 crores (around US$600 million) as of 2020, is in Titan Business.
He increased his interest in A2Z Maintenance by 3.57%, bringing his total stake in the firm to 23.2 percent.
Rakesh Jhunjhunwala income model
| Monthly Income | $11 Million+ (Rupees – 90 Crore+) |
| Yearly Income | $142 Million+ (Rupees – 1080 Crore+) |
Titan Company’s shares owned by Rakesh and Rekha Jhunjhunwala
Rakesh Jhunjhunwala has 3,57,10,395 shares, or 4.02 percent of Titan Company’s total issued paid-up capital, according to Titan Company’s ownership pattern for the October to December 2021 quarter.
Rekha Jhunjhunwala, on the other hand, owns 95,40,575 Titan shares, or 1.07% of the firm. As a result, the Jhunjhunwalas own 5.09 percent of the stock or 4,52,50,970 shares.
The investments of Jhunjhunwala
RARE Enterprises, which is controlled by Jhunjhunwala, is a privately held stock brokerage business.
Titan, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences, and other companies are among the companies in which he has invested.
Private & early life
Rakesh Jhunjhunwala was married to Rekha Jhunjhunwala and they both have 3 children.
Philanthropy
Nutrition and education are two of his charitable interests. Jhunjhunwala intends to donate a quarter of his fortune to charity by the year 2020.
- He supports St Jude Children’s Research Hospital, Agastya International Foundation, and Arpan, an organization that works to raise awareness about sexual exploitation among children.
- He also donates to Ashoka University, the Friends of Tribals Society, and the Olympic Gold Quest.
- He is now working on the construction of an eye facility in Navi Mumbai that would provide 15,000 free eye surgery.
Controversy
As of January 28, 2020, there is an open probe into Rakesh Jhunjhunwala for insider trading.
The dispute has been resolved by the SEBI as of July 2021, after Jhunjhunwala and his accomplices paid a total of 35 crores.
Jhunjhunwala paid a total of 18 crores, while his wife paid 3.2 crores.
Facts about Rakesh Jhunjhunwala
- Rakesh Jhunjhunwala, India’s Warren Buffett, is known for his Midas touch when it comes to investing.
- Jhunjhunwala began investing in equities while still in college, the son of an income tax official.
- He started investing with $100 in 1985 when the Bombay Stock Exchange Index was at 150; today, it trades at over 38,000.
- When Star Health and Allied Insurance and Metro Brands went public in 2021, Jhunjhunwala’s early wagers on both firms paid out.
Net worth statistics
- March 2012 – $1.1 B
- March 2013 – $1.3 B
- March 2014 – $1.2 B
- March 2015 – $2.1 B
- March 2016 – $1.8 B
- March 2017 – $2.2 B
- March 2018 – $3.0 B
- March 2019 – $2.8 B
- April 2020 – $1.9 B
- April 2021 – $4.3 B
- April 2022 – $5.8 B
