Rakesh Jhunjhunwala Biography, Net worth, Portfolio And Journey To Success is available in this page. Rakesh Jhunjhunwala is one of the most prominent investors in the Indian stock market. In a world where everyone has a “friend” who manages their investments, Rakesh Jhunjhunwala stands out as a rare and genuine face of the investment industry.

With almost three decades of experience as a stock investor, he has gained an unrivaled reputation among his clients who trust his advice and buy his recommendations. The secret to his success? A very simple philosophy that anyone can adopt to succeed in anything they pursue: hard work, persistence, sacrifice, and willingness to take risks. Keep reading to know more about this self-made billionaire.

Who is Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala is an Indian investor, commodities trader, and philanthropist. He is the founder and Managing Director of Rakesh Jhunjhunwala Group, which has a net worth of around US $1 billion. Rakesh Jhunjhunwala is also the founder of investment firm Rare Enterprises. Jhunjhunwala is famous for his equity investments in companies such as Bharti Airtel, ICICI Bank, and Reliance Industries.

Jhunjhunwala started his career as an equity research analyst with a brokerage firm, and then switched to trading in commodities. Since 1991, he has focused on stock market investments. He holds a bachelor’s degree in Commerce from the University of Bombay, and is a CFA charter holder.

Rakesh jhunjhunwala biography

Jhunjhunwala was born on 5th July, 1960. He experienced childhood in Mumbai, where his dad was posted as an Income Tax Officer. In the wake of moving on from Sydenham College in 1985, he enlisted at the Institute of Chartered Accountant of India. He married Rekha Jhunjunwala, who is likewise a financial exchange financial backer.

Jhunjhunwala began fiddling with the securities exchange when he was in school. He selected at the Institute of Chartered Accountant of India however subsequent to accomplishing the degree, he chose to dive head-first into the Dalal road. In 1985, Jhunjhunwala contributed Rs 5,000 as capital. By September 2018, that capital had expanded to Rs 11,000 crore.

In any case, Jhunjhunwala was a daring person right all along. He acquired cash from his sibling’s clients and vowed to return the capital with better yields contrasted and bank fixed stores.

Jhunjhunwala’s net worth

Jhunjhunwala is the 36th in the list of richest persons of India, with a total assets of $5.8 billion, toward the finish of June quarter. Rakesh Jhunjhunwala along with former Jet Airways CEO Vinay Dubey co-founded Akasa Airlines. In 2013, Jhunjhunwala purchased 6 of the 12 units of Ridgeway condos at Malabar Hill from Standard Chartered bank for Rs 176 crore. Later in 2017, he purchased the other 6 condos in the structure from HSBC bank for Rs 195 crore. In 2021 he began the development of his new 70000 square feet 13-story home after the destruction of the old structure.

Jhunjhunwala’s Portfolio

Jhunjhunwala runs an exclusive stock exchanging firm called RARE Enterprises. He has put resources into Titan, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences, and so forth.

Rakesh Jhunjhunwala’s journey to success

Rakesh Jhunjhunwala’s investment career began in the early 1980s when he was still an equity research analyst with CRISIL, a credit rating agency based in Mumbai. After covering stocks in the chemicals, engineering, and pharmaceutical sectors, he moved to commodities trading. A few years later, he shifted his focus to equity investments. And he never looked back. The equity market has rewarded his risk-taking: his net worth has grown from a mere $300,000 in 1991 to almost $4 billion in 2018, as measured by Forbes. His investment firm Rare Enterprises has $4 billion in assets under management.

The secret to his success: Hard work, persistence and sacrifice.

Jhunjhunwala’s investment success is not about his ability to forecast market movements. He has said that the secret to his success is his willingness to do the hard work of analysing companies. And the patience to hold on to his stocks even when they’re not doing well. Why has he decided to hold on to his stocks?

It’s because he believes in the long-term potential of the companies he has invested in and refuses to be influenced by short-term market movements. Jhunjhunwala has also shown remarkable persistence. This was evident when he was trading in commodities. He kept investing in silver futures despite heavy losses. He believes that such losses are a part of the business.

Risk management and mistakes he has made along the way.

Jhunjhunwala has always been risk-conscious and aware that even the best strategies will fail. If he doesn’t manage the risks involved in them. His first mistake as an equity investor was to invest in a media company during the Indian financial crisis in 1991. The media sector was particularly badly hit as advertising revenues fell. But the company he invested in didn’t have the resources to weather the storm. The second mistake he made was to bet excessively on the Indian IT sector in the mid-2000s. After a particularly strong run, the sector fell out of favour and his investment suffered.

Conclusion

Rakesh Jhunjhunwala, a financial backer with a Midas contact, died on August 14, 2022, in Mumbai. He was 62. Jhunjhunwala was frequently alluded to as India’s own Warren Buffet. He was a broker and furthermore a sanctioned bookkeeper. Jhunjhunwala’s investment success has been built on his willingness to do the hard work of analysing companies and the patience to hold on to his stocks even when they’re not doing well.

He has also shown remarkable persistence. This was evident when he was trading in commodities. He kept investing in silver futures despite heavy losses. He believes that such losses are a part of the business. Jhunjhunwala has always been risk-conscious and aware that even the best strategies will fail if he doesn’t manage the risks involved in them.

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