Rakesh Jhunjhunwala Net Worth: $5.8 Billion
Rakesh Jhunjhunwala is one of India’s most well-known businessmen, stock traders, or high-profile investors. Who is he, and what makes him so interesting? Here’s a hint: He’s all three. He’s also known as the Warren Buffet of India. Get a full picture of Rakesh Jhunjhunwala’s life and career below.
- Full Name: Rakesh Jhunjhunwala
- Date Of Birth: 5 July 1960
- Age: 62 Years
- Height: 178cm / 5ft 10inch / 1.78m
- Weight: 82 Kg / 181 lbs
- Religion: Hindu
- Zodiac Sign: Cancer
- Nationality: Indian
- Wife: Rekha Jhunjhunwala
- Father: Radhe Shyamji Jhunjhunwala
- Mother: Urmila Jhunjhunwala
- Brother: Rajesh Jhunjhunwala
- Sister: Sudha Gupta, Neena Sanganeria
- Son: Aryaman Jhunjhunwala, Aryaveer Jhunjhunwala
- Daughter: Nishtha Jhunjhunwala
Rakesh Jhunjhunwala is worth around 40,000 crores. His fortune is made up of several companies. He is the 36th wealthiest person in India, in addition to having Titan Company, Akasa Airlines, and many other businesses. In Indian share markets, he has invested close to Rs 11,000 crores. His largest stake is in Titan Company, valued at close to Rs 7,000 crores.
Early Life & Birth Of Rakesh Jhunjhunwala
- 1 Early Life & Birth Of Rakesh Jhunjhunwala
- 2 Career of Rakesh Jhunjhunwala
- 3 Profits Made By Rakesh Jhunjhunwala
- 4 Some popular investments made by The Big Bull
- 5 Investments Sector Wise By Rakesh Jhunjhunwala
- 6 Assest Of Rakesh Jhunjhunwala
- 7 Rakesh Jhunjhunwala in Philanthropy
- 8 Controversy Faced By Rakesh Jhunjhunwala
- 9 Death Of The Big Bull (Rakesh Jhunjhunwala)
- 10 Frequently Asked Questions -FAQs About Rakesh Jhunjhunwala
Rakesh Jhunjhunwala was born on July 5, 1960, in a Rajasthani family and was raised in Mumbai (then Bombay) until the age of seven. His surname, which indicates that his ancestors were born in the Jhunjhunu district of Rajasthan, reflects his family’s origins. After college, he additionally completed the Institute of Chartered Accountants of India’s program.
Career of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala’s father, who was a stock market enthusiast, advised him on the subject when he was young. Despite his father’s assistance, Jhunjhunwala did not invest any money.
Rakesh, on the other hand, started investing in stock markets as soon as he graduated high school. He invested 5000 rupees in 1985, which has produced an astonishing return of Rs 11,000 Crores today.
He is also the proprietor and chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt Ltd. He has not stopped there. He is a member of the Board of Directors of several corporations, 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. Furthermore, he is the chairman and chief executive of Aptech Limited.
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Profits Made By Rakesh Jhunjhunwala
Rakesh Jhunjhunwala first made a profit in 1985. His first profit in 1985-89 was 5 lakh rupees. During this time, he made almost 25 lakh rupees. He has invested in Titan Company, which is currently worth more than 7000 crore rupees.
In addition to his company investments, he is also invested in many private corporations like Star Health Insurance, Metro Bands, Concord Biotech, and so on. He is one of the Board of Advisors for India’s International Movement to Unite Nations, a non-profit organization.
Some popular investments made by The Big Bull
Investments Sector Wise By Rakesh Jhunjhunwala
According to the website moneycontrol.com, his estimated net worth is INR 32,000 crores. He owns 32 company holdings.
His major investments are as follows:
- Construction and Contracting
- Private Sector
- Banks in the Public Sector
Assest Of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala owns this expensive house in Mumbai, India. The value of this real estate property is around Rs.82 Crores.
Rakesh Jhunjhunwala’s vehicle collection is extensive. Rakesh Jhunjhunwala owns a number of the world’s finest luxury cars. The Mercedes, Audi and BMW car brands belong to him.
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Rakesh Jhunjhunwala in Philanthropy
Because of his $3 billion fortune, Jhunjhunwala is India’s 48th wealthiest man. He finances St Jude, Agastya International Foundation, and Arpan, a program that educates children about sexual exploitation, among other things. He also supports Ashoka University, the Friends of Tribals Society, and the Olympic Gold Quest.
Rakesh Jhunjhunwala’s portfolio fell by as much as 30% in December 2011. He recouped his losses in February 2012 after these ups and downs forced him to cut his portfolio in half.
Rakesh Jhunjhunwala takes home several million rupees as dividends and devotes one-third of his dividends to charity.
Controversy Faced By Rakesh Jhunjhunwala
On July 31, 2021, the SEBI paid ₹35 crore to Rakesh Jhunjhunwala and his associates in response to an insider trading investigation. Jhunjhunwala paid ₹18 crore, and his wife paid ₹3.2 crores.
Death Of The Big Bull (Rakesh Jhunjhunwala)
Rakesh Jhunjhunwala died on August 14, 2022, due to kidney failure. He had been treated for one week at Breach Candy Hospital a week earlier and had been discharged.
The same morning, he was admitted to the hospital and died. Rakesh was suffering from numerous medical illnesses for three years before his death, including kidney failure.
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Frequently Asked Questions -FAQs About Rakesh Jhunjhunwala
Q.1) Is Rakesh Jhunjhunwala a billionaire?
Rakesh Jhunjhunwala, who had been suffering from health problems for some time, had amassed $5.8 billion worth of fortune, according to Forbes.
Q.2) How did Rakesh Jhunjhunwala died?
Rakesh Jhunjhunwala suffered from a cardiac arrest caused by an ischemic heart disease.
Q.3) Who owns Akasa airlines?
Rakesh Jhunjhunwala, the founder of Akasa Air, plans to operate 18 aircraft by March 2023 across Indian domestic routes. He also runs a commercial airline.
Q.4) At what price rakesh jhunjhunwala bought titan?
Titan is one of his most well-known stocks in his portfolio, and he purchased it at Rs 3 per share in 2002-2003. Today, its market price is Rs 2,471.