Rakesh Jhunjhunwala Net Worth is1,250 $Million
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Birth Date: 1960/07/05
Birth Place: Mumbai, India
Education: Chartered accountant
Alma Mater: Bombay University
Occupation: Owner of Rare Enterprises, Investor & stock trader
Networth: USD 1.25 billion (2011) Spouse: Rekha Jhunjunwala
Children: 3
Rakesh Jhunjhunwala (born 5 July 1960) is an Indian investor and trader. He is a qualified Chartered accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala was described in a magazine[which?] as the "pin-up boy of the current bull run" and by another[which?] as "Pied Piper of Indian bourses".
The son of an income tax officer, he started dabbling in stocks while in Sydenham College and plunged into full-time investing soon after completing his education. He started his career in 1985 when the BSE Sensex was at 150. He made his first big profit of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 a share just 3 months prior. Between 1986 and 1989 he earned Rs 20-25 lakhs. His first major successful bet was iron mining company Sesa Goa. He bought 4 lakh shares of Sesa Goa in forward trading, worth Rs 1 crore and sold about 2-2.5 lakh shares at Rs 60-65 and another 1 lakh at Rs 150-175. The price rose to Rs 2200 and he sold some shares.
He credits Madhu Dandavate's Union budget of 1990 as the inflection point for his investing career which quintupled his net worth. Jhunjhunwala said, "Radha Kishan Damani is my gurua??.
Jhunjhunwala's portfolio of stocks is tracked religiously. His latest stock portfolio is the subject of many debates and analysis. Like Warren Buffett, he is a long term investor, however he acknowledges that 'trading' income helped him build his capital base and remains.
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 a

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Rakesh Jhunjhunwala Latest News

2018 will be the year of consolidation after stellar gains in 2017: Rakesh Jhunjhunwala

According to Rakesh Jhunjhunwala, there is no credible leader in the opposition party to take on PM Modi. I am sure that the next government will be a BJP government despite what people feel, he said. Indian equity market, which bottomed out in August 2013 ...
Posted: June 21, 2018, 12:45 am

This is what Rakesh Jhunjhunwala has to say about PM Narendra Modi and general elections 2019

Rakesh Jhunjhunwala believes markets have had a tremendous rise. "We are now correcting and if you look at the long rise that we have had, I would say it is a very poor correction. I believe that bull markets cannot end at these level of profits to gross ...
Posted: June 21, 2018, 2:54 am

Markets will consolidate in 2018: Rakesh Jhunjhunwala

Indian equity market, which bottomed out in August 2013, saw a stellar run in 2017 and in 2018 initially, boosting Nifty50 higher to touch 11,000-mark in 2018, but now it maybe be in for some consolidation, Rakesh Jhunjhunwala, Partner, Rare Enterprises ...
Posted: June 21, 2018, 5:44 am
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