Children 3 Spouse Rekha Jhunjunwala | Role Investor Name Rakesh Jhunjhunwala Movies English Vinglish | |
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Occupation Owner of rare enterprises, investor & trader Siblings Raju Jhunjhunwala, Rajesh Jhunjhunwala Similar People Sunil Lulla, Gauri Shinde, Harshad Mehta, Warren Buffett, R Balki Profiles | ||
Net worth 1.91 billion USD (2015) | ||
Rakesh jhunjhunwala biography part 1
Rakesh Jhunjhunwala (born 5 July 1960) is an Indian Investor and Trader. He is a qualified Chartered Accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala has been described by India Today magazine as the "pin-up boy of the current bull run" and by The Economic Times as "Pied Piper of Indian bourses".
Contents
- Rakesh jhunjhunwala biography part 1
- Know the ultimate investment mantra by stock guru rakesh jhunjhunwala
- Early life
- Career
- In popular culture
- References
As per Forbes, he is the 53rd richest person in India, with net worth of USD 2.4 Billion (as on July 2017).
Know the ultimate investment mantra by stock guru rakesh jhunjhunwala
Early life
Jhunjhunwala grew in a Marwari family in Mumbai, India where his father is posted as an Income Tax Officer. He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.
Career
Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of various Indian companies such as Prime Focus Limited, Geojit BNP Paribas Financial Services Limited, 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.
Jhunjhunwala's stocks fell by up to 30% in December 2011. He recovered his losses in February 2012. These ups and downs forced him to reduce his vulnerability by trimming his portfolio to one-third. His attempts to divest his Aptech stake had no takers. In May 2012 he increased his stake in Aptech by 2.24% now holds 12.7%
Jhunjhunwala invested ₹26 Crores ($4.6 Million) in A2Z Maintenance increasing his stake in the company by 3.57%, taking his stake in the company to 23.2 per cent.
He is also credited as a producer of the 2016 movie Ki & Ka.
In popular culture
Like the Fake Steve blog, there is a popular parody blog called The Secret Journal of Rakesh Jhunjhunwala that humorously parodies the Investor's life. On 7 June 2012, the authors were revealed by The Economic Times to be two people[1] . For the first year, Forbes columnist and American Mark Fidelman and for the remaining years, Author and Writer Aditya Magal from India.