Who Is Rakesh Jhunjhunwala? Age, Biography and Wiki
Rakesh Jhunjhunwala, born on July 5, 1960, was an influential Indian businessman and investor known affectionately as the "Warren Buffett of India." Unfortunately, he passed away in 2022, leaving behind a powerful legacy in the financial world. Jhunjhunwala started his investing career in the stock market in his early twenties and soon became a prominent figure in the Indian bourse. His ability to foresee market trends and his distinct investment strategies earned him a revered status among investors and entrepreneurs.
| Occupation | Billionaire |
|---|---|
| Date of Birth | July 5, 1960 |
| Age | 62 Years |
| Birth Place | Hyderabad, Andhra Pradesh, India |
| Horoscope | Cancer |
| Country | India |
| Date of death | 14 August, 2022 |
| Died Place | Mumbai, Maharashtra, India |
Popularity
Rakesh Jhunjhunwala's Popularity over time
Height, Weight & Measurements
Rakesh Jhunjhunwala was known not only for his business acumen but also for his larger-than-life personality. While not much comprehensive information is available in terms of his physical attributes, it is known that he stood at 5 feet 6 inches and weighed approximately 75 kg. His appearance often included his signature glasses and a well-maintained physique, reflective of his dynamic and robust character.
Family, Dating & Relationship Status
Rakesh Jhunjhunwala was married to Rekha Jhunjhunwala, who has been a supportive partner in both his personal and professional endeavors. The couple had three children together. Though there have been speculations and rumors over the years, Rakesh was often seen as a devoted family man who valued his relationships above all. After his demise, his family has continued to honor his legacy through various ventures and philanthropic activities.
Jhunjhunwala's interest in stock markets arose when he observed his father discussing the markets with his friends. While his father guided him on the markets, he never gave him money to invest and forbade him from asking friends for money. With his savings at hand, Rakesh invested early when in college.
Beginning with ₹5,000 capital in 1985, Jhunjhunwala's first big profit came in the form of ₹5 lakh in 1986. Between 1986 and 1989, he earned almost ₹20–25 lakh profit. By 2022, his investment had grown to ₹11,000 crores. As of 2021, his biggest investment was in Titan Company which was worth ₹7,294.8 crore.
Net Worth and Salary
At the time of his passing in 2022, Rakesh Jhunjhunwala had an estimated net worth of around $5 billion, making him one of the richest individuals in India. His wealth primarily came from his significant investments in various stock market sectors. During his career, he was known for trading stocks in companies like Titan Company, CRISIL, and others, showcasing his excellent insight and timing in the financial market.
Rakesh Radheyshyam Jhunjhunwala (5 July 1960 – 14 August 2022) was an Indian billionaire investor, stock trader, and Chartered Accountant. He began investing in 1985 with a capital of ₹5000, with his first major profit in 1986.
At the time of his death, he had an estimated net worth of US$5.8 billion, making him the 438th richest person in the world. He was a partner in his own asset management firm, Rare Enterprises.
Career, Business and Investments
Rakesh Jhunjhunwala's career began as a stock trader when he invested a mere ₹5,000 in 1985. Over the decades, he developed a diversified portfolio, leading him to immense success. His investment philosophy revolved around long-term growth and understanding the fundamental values of companies. He co-founded the asset management company "Rare Enterprises" and was also instrumental in creating a public exchange.
Rakesh was not just a trader but also an excellent advisor, lending his expertise to various startups and companies looking to navigate the complex financial landscape of India. His astute ideas and strategic approaches earned him a seat as a mentor for many upcoming investors.
Besides being an active investor and stock trader, he served as chairperson and director for several companies. He was also a co-founder of Akasa Air. He was investigated for insider trading and settled with the Securities and Exchange Board of India (SEBI) in 2021.
Jhunjhunwala was often referred to as the "Big Bull of India", and was widely known for his stock market predictions and bullish outlooks. In 2023, he was posthumously awarded the Padma Shri, India's fourth-highest civilian award.
Social Network
Rakesh Jhunjhunwala was active on social media platforms, including Twitter, where he shared his insights, experiences, and opinions about the stock market and Indian economy. Posthumously, his social media presence continues to inspire countless investors and business enthusiasts, and his legacy is often referenced in discussions about investment strategies and market analysis.
Jhunjhunwala was known for his ability to identify potential growth sectors early. Beyond his investments in established companies, he had a keen interest in India's consumer-driven sectors like retail and technology. He believed that the expanding middle class would significantly boost domestic consumption, which guided many of his early investment decisions.
Education
Jhunjhunwala completed his higher education at the University of Mumbai, where he graduated with a Bachelor of Commerce degree. His educational background provided him with the necessary foundation for his illustrious career in finance and investing. Despite lacking formal training in finance, his relentless pursuit of knowledge and practical experience allowed him to thrive in the stock market.
