Friends, today we are going to talk about Rakesh Jhunjhunwala, who is called the king of the stock market in India. If it is talked about promoting the stock market in India, then its credit goes to Rakesh Jhunjhunwala only. Where earlier people used to consider the share market as a gamble, Jhunjhunwala has explained to the people of India an approach to investing money in the stock market. So in this article, we will give you all the information related to his life.
Who Is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala was known as Warren Buffett of India and King of the Stock Market. He was an Indian billionaire business magnate, stock trader, and investor, born on 5 July 1960 in Hyderabad, Telangana. Also, Jhunjhunwala was the Chairman of Aptech Limited and Hungama Digital Media Entertainment Private Limited. He was among the richest man in India, ranked 36th in India with a net worth of $5.8 billion at the end of June 2022. Rakesh Jhunjhunwala passed away on 14 August 2022.
about Rakesh Jhunjhunwala
|India’s Warren Buffett and the King of the Stock Market
|5 July 1960
|Hyderabad, Telangana, India
|Business Magnate, Stock Trader and Investor
|Father- Radheshyam Jhunjhunwala
Mother – Urmila Jhunjhunwala
Wife – Rekha Jhunjhunwala
Children – Nishtha Jhunjhunwala, Aryaman Jhunjhunwala, Aryaveer Jhunjhunwala
|Sydenham College of Commerce and Economics
The Institute of Chartered Accountants of India
|$5.8 अरब डॉलर (14/8/2022)
|Business Magnate, Stock Trader, and Investor
|king of share market
|king of the share market
|He was suffering from several health issues related to diabetes and kidney,
|62 years (2022)
early life and education
The story of Rakesh Jhunjhunwala, who touched the journey of five thousand to billionaire, began on 5 July 1960, when he was born in a Marwari family. His father’s name in the family was Radheshyam Jhunjhunwala, who was an Income Tax officer. And his mother Urmila Jhunjhunwala is a housewife.
Jhunjhunwala’s father had a good knowledge of the stock market. By the time Jhunjhunwala was 14 years old, he heard the name of the share market for the first time from his father and since then he kept getting information about the share market gradually.
Today you can know why Rakesh Jhunjhunwala was so famous in the stock market. Today, following his footsteps, people invest their money in the stock market.
Share Market Career
After completing his higher education, Jhunjhunwala earned the title of CA ie Chartered Accountant, after which he entered the world of the stock market. But in the beginning, Jhunjhunwala did not have much money, he invested his money in the share market with only five thousand, since then the stairs of success started in Jhunjhunwala’s life. And earned a lot of profit from his understanding.
He first bought five thousand shares of Tata Tea Company in the year 1986 at Rs.43 per share and after a few months, he sold the same five thousand shares at Rs.143 per share, after which he got about five lakhs. Got profit. He earned around 25 lakh rupees in just three to four years. This was just the beginning for him as he turned his fortunes in the year 2002 after which Jhunjhunwala became a millionaire.
In 2002, he bought 6,000 shares of Titan (TITAN) company, that too in the form of Rs.3 per share. The same share later went from Rs 3 to Rs 390, after which Jhunjhunwala got to see a profit of about 2100 crores. And thus Rakesh Jhunjhunwala became a millionaire. Although he had to face a shortfall in the stock market for some time, due to his sharp mind, he increased his wealth. Also, Jhunjhunwala was the chairman of Aptech Limited and Hungama Digital Media Entertainment Private Limited.
As of 2022, he was the 36th richest person in India on the list of billionaires, with a net worth of US$5.8 billion as of August 2022. So friends, because of all these reasons, people call Jhunjhunwala the king of the stock market in India.
On 14 August 2022, Rakesh felt some uneasiness in his health, due to which he was taken to Breach Candy Hospital in Mumbai. Jhunjhunwala passed away at around 6.30 am. Doctors told that he was suffering from several health issues related to diabetes and kidney.
He was an Indian business magnate, a stock trader, and an investor.
He was suffering from several health issues related to diabetes and kidney.
On 5 July 1960.
On 14 August 2022.
Note- We give the credit of this entire biography to Rakesh Jhunjhunwala because this entire biography is based on his life and taken from his life. Hope you have liked this article. Tell us by commenting how did you like this article?