Rakesh Jhunjhunwala’s profile picture

Rakesh Jhunjhunwala

Rakesh Jhunjhunwala’s profile picture
Net worth 2018: $3 Billion
Industry: Investments
Residence: Mumbai
Country: India
BirthDay: 5 July 1960
Sigh: Leo
Children: 3
Education: B.Com, Bombay University; Chartered Accountant, The Institute of Chartered Accountants of India
BIOGRAPHY

Rakesh Jhunjhunwala was bornon 5 July 1960 in Mumbai, India. Rakesh Jhunjhunwala is #757 in List Billionaires People In The World. Investor with a Midas touch, Rakesh Jhunjhunwala is often referred to as India's Warren Buffett. Son of an income tax officer, Jhunjhunwala started dabbling in stocks while still in college. He began investing with $100 in 1985 when the Bombay Stock Exchange Index was at 150; it now trades over 31,000. His privately owned stock trading firm Rare Enterprises, derives its name from the first two initials of his name and wife Rekha's name.

NET WORTH STATISTIC
2010

$1 Billion

2011

$1.2 Billion

2012

$1.1 Billion

2013

$1.25 Billion

2014

$1.2 Billion

2015

$2.1 Billion

2016

$1.8 Billion

2017

$2.2 Billion

2018

$3 Billion

TIMELINE
Rakesh Jhunjhunwala (born 5 July 1960) is an Indian Investor and Trader. He is a Chartered Accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala has been described by India Today magazine as the "pin-up boy of the current bull run" and by The Economic Times as "Pied Piper of Indian bourses".As per Forbes, he is the 53rd richest person in India, with net worth of USD 2.4 Billion (as on July 2017).Jhunjhunwala grew in a Marwari family in Mumbai, India where his father was posted as an Income Tax Officer. He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of various Indian companies such as Prime Focus Limited, Geojit BNP Paribas Financial Services Limited, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.Jhunjhunwala's stocks fell by up to 30% in December 2011. He recovered his losses in February 2012. These ups and downs forced him to reduce his vulnerability by trimming his portfolio to one-third. His attempts to divest his Aptech stake had no takers. In May 2012 he increased his stake in Aptech by 2.24% now holds 12.7%Jhunjhunwala invested ₹26 Crores ($4.6 Million) in A2Z Maintenance increasing his stake in the company by 3.57%, taking his stake in the company to 23.2 per cent.He is also credited as a producer of the 2016 movie Ki & Ka.Like the Fake Steve blog, there is a popular parody blog called The Secret Journal of Rakesh Jhunjhunwala that humorously parodies the Investor's life. On 7 June 2012, the authors were revealed by The Economic Times to be two people[1] . For the first year, Forbes columnist and American Mark Fidelman and for the remaining years, Author and Writer Aditya Magal from India.
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