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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

What Bubble? e-Tailers May Turn Profitable by 2020, Says UBS

Celebrity fund manager Samir Arora and billionaire investor Rakesh Jhunjhunwala are some of the well-known analysts who have questioned the business model of Flipkart and Snapdeal, companies that have grown at an exponential pace on the back of huge ...
Posted: April 22, 2015, 7:51 am

Rakesh Jhunjhunwala trims stake in Prime Focus, Pipavav Defence

MUMBAI: Ace investor Rakesh Jhunjhunwala has sold or trimmed his holdings in two stocks — Pipavav Defence and Offshore Engineering Company and Prime Focus — after the Anil Dhirubhai Ambani Group (ADAG) bought large stakes in them. As per the ...
Posted: April 22, 2015, 7:51 pm

Rakesh Jhunjhunwala on buying spree

Indian equities are widely deemed by experts to be looking at a secular bull run and hence any steep correction is always touted as a buying opportunity for long-term investors. It should not come as a surprise then, that in the last fortnight in which the ...
Posted: February 11, 2015, 11:28 pm

Flipkart, Snapdeal to Become Profitable by 2020, Says UBS

Among those who questioned the business model of Flipkart and Snapdeal are celebrity fund manager Samir Arora and billionaire investor Rakesh Jhunjhunwala. Backed by big investors, Flipkart saw its valuations skyrocketing to $15 billion from $1.5 billion ...
Posted: April 22, 2015, 5:10 am

Advent invests more in CARE Hospitals to back Hyderabad property purchase

Bulk of the money went to provide an exit to previous investors in the company Rakesh Jhunjhunwala, Matrix Laboratories’ founder Nimmagadda Prasad and UK-based emerging markets fund Ashmore.
Posted: April 22, 2015, 4:20 am
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