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Rakesh Jhunjhunwala
Rakesh Jhunjhunwala Net Worth is 1,250 $Million. 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 part. Rakesh Jhunjhunwala (born 5 July 1960) is an Indian investor and trader. He is...

Rakesh Jhunjhunwala Net Worth is 1,250 $Million.

Rakesh Jhunjhunwala Net Worth is 1,250 $Million. Rakesh Jhunjhunwala is an Indian investor and trader. He is a qualified Chartered accountant. He manages his own portfolio as a part Rakesh Jhunjhunwala 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 as the "pin-up boy of the current bull run" and by another 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 anothe...
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Rakesh Jhunjhunwala Latest News

Samvat 2070: Investors who made blockbuster gains from markets

Image: Investor Rakesh Jhunjhunwala in his office in Mumbai. Photographs: Vivek Prakash/Reuters Samvat 2070 was a great year for top Indian conglomerates in the stock markets. Backed by a pro-reform Narendra Modi government, the market value of Adani group ...
Posted: October 23, 2014, 10:50 pm

Private Equity Funds Skyrocket Fortune of Kerala Companies

C J George, managing director of Geojit BNP Financial Services, which sold 13 per cent stake to billionnaire investor Rakesh Jhunjhunwala in 2004, pointed out that Kerala companies which came with IPOs after 2000 delivered superior returns to investors.
Posted: October 23, 2014, 12:23 am

Bull phase intact; correction lurking: Jhunjhunwala

In May, four days before the election results were announced, super bull Rakesh Jhunjhunwala announced that India is witnessing the mother of all bull runs. Four months later, with a majority Modi government & falling crude prices, he is double bullish.
Posted: October 23, 2014, 2:15 pm

Bessemer Venture Partners

Rakesh Jhunjhunwala's RARE Enterprises teams up with venture funds to back Remedinet Technologies ET "There is a need for technology companies to assist in the growth of health insurance market. We are excited to partner with Remedinet," said Jhunjhunwala.
Posted: October 15, 2014, 5:04 pm

Financial Technologies Plunges on Order to Absorb Defunct Bourse

The company sold its 26 percent stake in MCX to investors including Rakesh Jhunjhunwala and Kotak Mahindra Bank Ltd. after the commodity market regulator declared it unfit to run the bourse that trades everything from gold to cotton. Financial Technologies ...
Posted: October 21, 2014, 4:49 am
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