Welcome to SmileTimes. In this article, we researched some facts about Rakesh Jhunjhunwala and will share our findings with you. The articles cover vital information about the Indian billionaire business magnate, stock trader, and investor. We will look at Rakesh Jhunjhunwala’s biography, early life, net worth, wife, height, partner, and more. Continue reading to uncover facts about Rakesh Jhunjhunwala.
Who is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala, an Indian millionaire businessman, investor, and stock trader, was born on July 5, 1960.
As a partner in his asset management company, Rare Enterprises, he oversees his own portfolio.
Jhunjhunwala was raised in Bombay, where his father was an income tax commissioner, in a Rajasthani family. His last name suggests that his ancestors were from the Rajasthani village of Jhunjhunu.
After completing his studies at Sydenham College, he applied to the Institute of Chartered Accountants of India.
He is the 48th richest individual in India with an estimated net worth of $5.8 billion (as of December 2021).
Rakesh Jhunjhunwala Age: How old is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala is 61 years old as of 2022, he was born on July 5, 1960, he celebrates his birthday during july of each month.
Who are Rakesh Jhunjhunwala’s parents?
His father was Radheshyamji Jhunjhunwala (Income Tax Officer) and his mother, was Urmila Jhunjhunwala (Homemaker).
Who is Rakesh Jhunjhunwala Wife?
He is married to Rekha Jhunjhunwala (a stock market investor). The couple has been married since the 70s and have remained married since then.
Rakesh Jhunjhunwala’s Children
He has a Daughter– Nishtha Jhunjhunwala and a son, Aryaman Jhunjhunwala & Aryaveer Jhunjhunwala.
What is Rakesh Jhunjhunwala’s net worth?
He has an estimated net worth of $5.8 billion (as of December 2021), making him the 48th richest man in India
Since Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala own 4,48,50,970 Titan shares, which decreased in value last week by 108.75 per share, Rakesh Jhunjhunwala’s net worth has decreased by almost 485 crores as a result of the Titan share decline.
Rakesh Jhunjhunwala’s career explored
Jhumroo became interested in stock markets after hearing his father and his friends talking about them. While providing him with market guidance, his father never offered him any money to invest and banned him from approaching acquaintances for loans.
Rakesh began investing while still a college student because he had savings available. His investment, which he made in 1985 with Rs 5,000, is now worth Rs 11 today.
Jhunjhunwala is a prominent investor in addition to serving on the boards of directors of several companies, including Prime Focus Limited, Geojit Financial Services, 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, and Tops Security Limited.
He also serves as chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt He is renowned for his stock market forecasts and upbeat outlooks and is sometimes referred to as the “Big Bull of India” and the “King of Bull Market.”
Rakesh Jhunjhunwala made his first significant profit of 5 lakh in 1986. He made close to $20–25 lakh in profit between 1986 and 1989. (Better source is required)
His largest investment as of 2021 is in Titan Company and is valued at $7,294.8 crore.
Jhunjhunwala also owns shares in privately owned businesses such as Concord Biotech, Metro Brands, and Star Health Insurance.
He currently serves as a member of the International Movement to Unite Nations of India’s Board of Advisors (I.I.M.U.N.).
For Rs 176 crore in 2013, Jhunjhunwala acquired six of the twelve units of the Ridgeway flats at Malabar Hill from Standard Chartered bank. Later in 2017, he paid HSBC bank Rs 195 crore to purchase the remaining 6 units in the building. After demolishing the previous structure, he started building a new 70000 square foot, a 13-story mansion in 2021.
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