https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Rakesh_JhunjhunwalaRakesh Jhunjhunwala - Revision history2026-08-19T10:08:13ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Rakesh_Jhunjhunwala&diff=124779&oldid=prev>KyloRen3: Image #WPWP2021-07-09T04:13:46Z<p>Image #WPWP</p>
<p><b>New page</b></p><div>{{short description|Indian investor and trader (born 1960)}}<br />
{{EngvarB|date=September 2014}}<br />
{{Use dmy dates|date=September 2014}}<br />
{{Infobox person<br />
| name = Rakesh Jhunjhunwala<br />
| image = Rj in office.jpg<br />
| caption = Jhunjhunwala in 2004<br />
| birth_date = {{birth date and age|df=yes|1960|07|05}}<br />
| birth_place = [[Hyderabad]], [[Andhra Pradesh]] (now in [[Telangana]]), India<br />
| education = [[Chartered Accountant]]<br />
| alma_mater = {{ubl|[[Sydenham College of Commerce and Economics|Sydenham College of Commerce and Economics, Bombay]]|[[The Institute of Chartered Accountants of India]]}}<br />
| occupation = Owner of Rare Enterprises, investor, [[stock trader|trader]] & film producer<br />
| spouse = Rekha Jhunjhunwala<br />
| children = 3<br />
| death = <br />
| networth = {{up}} [[US$]] 4.5 Billion {{br}} <small> (May 2021) </small><ref name="Forbes.com">{{Cite web|title=Rakesh Jhunjhunwala|url=https://www.forbes.com/profile/rakesh-jhunjhunwala/|access-date=2021-06-05|website=Forbes|language=en}}</ref><br />
}}<br />
'''Rakesh Jhunjhunwala''' (born 5 July 1960)<ref>{{Cite web|date=July 5, 2021|title=Five lesser known facts about stock market expert Rakesh Jhunjhunwala|url=https://www.indiatoday.in/business/story/birthday-special-rakesh-jhunjhunwala-5-lesser-known-facts-about-him-1824019-2021-07-05|url-status=live|access-date=2021-07-09|website=India Today|language=en}}</ref> is an Indian [[business magnate]] and stocks [[Trader (finance)|trader]]. He manages his own portfolio as a partner in his [[asset management]] firm, Rare Enterprises.{{cn|date=June 2021}} During his early life, Rakesh grew up in a Agarwal Family in [[Bombay]], where his father, worked as Commissioner of Income Tax, Bombay. His family belong to Jhunjhunu.{{cn|date=April 2021}} He graduated from [[Sydenham College]]<ref>{{Cite news|last=Nagar|first=Anupam|date=2019-12-13|title=What does it take to make a Rakesh Jhunjhunwala? Not just Titan & Tata Tea|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/what-does-it-take-to-make-a-rakesh-jhunjhunwala-not-just-titan-tata-tea/articleshow/72509899.cms|access-date=2020-04-07}}</ref> and thereafter enrolled at the [[Institute of Chartered Accountants of India]].{{cn|date=June 2021}}<br />
<br />
He has an estimated net worth of $4.5 billion (as of May 2021).<ref name="Forbes.com" /><ref>{{Cite web|last=Shah|first=Vrutika|title=These are the 5 richest stock market investors of India and their net worth|url=https://www.gqindia.com/get-smart/content/india-richest-stock-market-investors-net-worth-rakesh-jhunjhunwala-radhakishan-damani|access-date=2021-05-23|website=GQ India|language=en-GB}}</ref><br />
<br />
== Career ==<br />
Jhunjhunwala is the chairman of [[Aptech|Aptech Limited]] and [[Hungama Digital Media Entertainment Pvt. Ltd.]] and sits on the board of directors of Prime Focus Limited, [[Geojit Financial Services]], Bilcare Limited, Praj Industries Limited, [[Provogue|Provogue India Limited]], [[Concord Biotech|Concord Biotech Limited]], Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited. He is popularly referred to as the "Warren Buffett of India" and the "King of Bull Market".{{cn|date=June 2021}}<br />
<br />
Jhunjhunwala invested {{INR}}26 Crores ({{USD}}3.4 Million) in [[A2Z Group|A2Z Maintenance]]<ref>{{cite news|title=Rakesh Jhunjhunwala buys shares worth Rs 26 crore in A2Z Maintenance and Engineering Services|url=http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/rakesh-jhunjhunwala-buys-shares-worth-rs-26-crore-in-a2z-maintenance-and-engineering-services/articleshow/13396880.cms|access-date=5 June 2012|newspaper=Economic Times|date=22 May 2012}}</ref> increasing his stake in the company by 3.57% to 23.2%.<br />
<br />
The first big profit of Rakesh Jhunjhunwala was ₹5 lakh in 1986. Between 1986 and 1989, he earned almost ₹20-25 lakh profit.<ref>{{Cite web|title=Business Standard Mobile Offers Who is Rakesh Jhunjhunwala, Rakesh Jhunjhunwala's net worth, Who is the biggest investor in India|url=https://wap.business-standard.com/amp/about/who-is-rakesh-jhunjhunwala|access-date=2020-07-06|website=Business Standard}}</ref><br />
<br />
As of 2020, his biggest investment is in [[Titan Company]] which is worth {{INR}}4,758 Crores (approx {{USD}}600 Million).{{cn|date=June 2021}}<br />
<br />
Jhunjhunwala also has stakes in privately held companies such as Star Health Insurance, Metro Brands and Concord Biotech.<ref>{{Cite web|title=Rakesh Jhunjhunwala|url=https://www.forbes.com/profile/rakesh-jhunjhunwala/|access-date=2021-07-07|website=Forbes|language=en}}</ref><br />
<br />
== In popular culture ==<br />
Like the [[Fake Steve Jobs]] 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.<ref>{{cite web|url=http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/how-parody-blog-the-secret-journal-of-rakesh-jhunjhunwala-writer-aditya-magal-impressed-rakesh-jhunjhunwala/articleshow/13877181.cms?curpg=1|title=How parody blogger Aditya Magal impressed Rakesh Jhunjhunwala - The Economic Times}}</ref><ref>{{Cite news|last=KK|first=Sruthijith|title=How parody blogger Aditya Mangal impressed Rakesh Jhunjhunwala|work=The Economic Times|url=https://economictimes.indiatimes.com/news/news-by-company/corporate-trends/how-parody-blog-the-secret-journal-of-rakesh-jhunjhunwala-writer-aditya-magal-impressed-rakesh-jhunjhunwala/articleshow/13877181.cms?curpg=1|access-date=2020-09-30}}</ref> For the first year, Forbes columnist Mark Fidelman<ref>{{cite web|last=Fidelman |first=Mark |url=https://blogs.forbes.com/markfidelman/ |title=Mark Fidelman -Socialized and Mobilized – Forbes |publisher=Blogs.forbes.com one by one<br />
|access-date=17 November 2012}}</ref> and for the remaining years, Author and Writer [[Aditya Magal]]. In the web series ''[[Scam 1992]]'', actor [[Kavin Dave]] played a role based on him.<br />
<br />
==Controversy==<br />
There is an ongoing investigation against Rakesh Jhunjhunwala for insider trading as of 28 January 2020. <br />
<ref>{{cite web | url = https://www.moneycontrol.com/news/business/sebi-sends-rakesh-jhunjhunwala-family-notices-in-aptech-insider-trading-case-report-5410721.html | title = SEBI sends Rakesh Jhunjhunwala, family notices in Aptech insider trading case: Report - Money Control }}</ref><br />
<br />
== References ==<br />
{{reflist}}<br />
<br />
== External links ==<br />
{{Commons}}<br />
* [https://www.forbes.com/profile/rakesh-jhunjhunwala/ Profile] at ''[[Forbes]]''<br />
<br />
<br />
{{DEFAULTSORT:Jhunjhunwala, Rakesh}}<br />
[[Category:1960 births]]<br />
[[Category:Indian accountants]]<br />
[[Category:Indian billionaires]]<br />
[[Category:Indian stock traders]]<br />
[[Category:Indian investors]]<br />
[[Category:Living people]]<br />
[[Category:Indian financial analysts]]<br />
[[Category:Marwari people]]</div>>KyloRen3