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Story of Rakesh Jhunjhunwala - "Warren Buffet of India"
~ A Thread
~ A Thread
If you're someone who invests in the Stock Market or is planning to invest, you must be aware of a few great investors of the stock market world.
Rakesh Jhunjhunwala is one among them, known as the Indian Warren Buffet(arguably the best stock market investor of all time).
Rakesh Jhunjhunwala is one among them, known as the Indian Warren Buffet(arguably the best stock market investor of all time).
According to the latest updates on Forbes, the net worth of Rakesh Jhunjhunwala is $3.1 Billion, which is equivalent to over Rs 19,000 Crores.
Early Life ~
Rakesh Jhunjhunwala was born on July 05, 1961, to an Income Tax officer.
Being a stock market enthusiast in a middle-class family, Rakesh started dabbling in stocks while still in college.
Rakesh Jhunjhunwala was born on July 05, 1961, to an Income Tax officer.
Being a stock market enthusiast in a middle-class family, Rakesh started dabbling in stocks while still in college.
Rakesh Jhunjhunwala consistently used to hear his father discussing the stock market with his friends. As he was very curious about stocks, he asked his father why the stock price fluctuates ?
His father suggested he read newspapers as it stocks fluctuates due to news.
His father suggested he read newspapers as it stocks fluctuates due to news.
Education ~
Rakesh Jhunjhunwala also expressed his wish to pursue a career in the stock market.
However, his father advised he first get a graduate degree from a college.
Rakesh Jhunjhunwala graduated from Sydenham College in 1985 as a Chartered Accountant.
Rakesh Jhunjhunwala also expressed his wish to pursue a career in the stock market.
However, his father advised he first get a graduate degree from a college.
Rakesh Jhunjhunwala graduated from Sydenham College in 1985 as a Chartered Accountant.
After graduation, he again discussed his career goal as a stock market investor with his father.
Although his father agreed, he didn't give him any money, nor allowed Rakesh to ask for the initial capital from any of his fatherâs friends.
Although his father agreed, he didn't give him any money, nor allowed Rakesh to ask for the initial capital from any of his fatherâs friends.
Life in the Stock Market ~
Mr. Rakesh Jhunjhunwala entered the stock market with just Rs 5,000 in 1985.
Soon, Rakesh Jhunjhunwala was able to take an amount of Rs 2.5 lakhs from one of his brotherâs clients by promising to give higher returns compared to the fixed deposits.
Mr. Rakesh Jhunjhunwala entered the stock market with just Rs 5,000 in 1985.
Soon, Rakesh Jhunjhunwala was able to take an amount of Rs 2.5 lakhs from one of his brotherâs clients by promising to give higher returns compared to the fixed deposits.
Rakesh Jhunjhunwalaâs first big profit was Rs 0.5 million in 1986.
He bought 5,000 shares of Tata Tea at Rs 43 and within 3 months it was trading at Rs 143.
He made a profit of over 3 times by selling the stocks of Tata tea.
He bought 5,000 shares of Tata Tea at Rs 43 and within 3 months it was trading at Rs 143.
He made a profit of over 3 times by selling the stocks of Tata tea.
In the next few years, Rakesh Jhunjhunwala made several good profits from stocks.
Between 1986-89, he earned Rs 20-25 lakhs. His next big investment was Sesa Goa, which he initially bought at Rs 28 and then increased his investment to Rs 35. Soon, the stock rallied to Rs 65.
Between 1986-89, he earned Rs 20-25 lakhs. His next big investment was Sesa Goa, which he initially bought at Rs 28 and then increased his investment to Rs 35. Soon, the stock rallied to Rs 65.
Rakesh Jhunjhunwala as a businessman ~
Rakesh manages a privately owned stock trading firm called âRARE Enterprisesâ.
During his long career in the stock market, Rakesh Jhunjhunwala invested in several multi-bagger stocks.
Rakesh manages a privately owned stock trading firm called âRARE Enterprisesâ.
During his long career in the stock market, Rakesh Jhunjhunwala invested in several multi-bagger stocks.
In 2002-03, Rakesh Jhunjhunwala bought âTitan Company Limitedâ at an average price of Rs 3, and currently, it is trading at Rs 1491.
He is holding over 7.5 crore shares of the titan company. He has an âoverallâ holding of 5.32% in the company.
He is holding over 7.5 crore shares of the titan company. He has an âoverallâ holding of 5.32% in the company.
In 2006, he invested in LUPIN and his average purchase price was Rs 150. Today, LUPIN is trading at Rs 1068.
A few other multi-baggers in Rakesh Jhunjhunwalaâs portfolio are CRISIL, PRAJ IND, Aurobindo Pharma, NCC, etc.
A few other multi-baggers in Rakesh Jhunjhunwalaâs portfolio are CRISIL, PRAJ IND, Aurobindo Pharma, NCC, etc.
Here are his top 5 most valuable holdings currently :
<Click on the image to expand>
<Click on the image to expand>
Top Quotes of Rakesh Jhunjhunwala ~
"Markets are like women - always commanding, mysterious, unpredictable & volatile"
"Aspire but never envy"
"Realize success can be temporary & transient"
"Give your investments time to mature. Be patient for the world to discover your gems"
"Markets are like women - always commanding, mysterious, unpredictable & volatile"
"Aspire but never envy"
"Realize success can be temporary & transient"
"Give your investments time to mature. Be patient for the world to discover your gems"
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