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Rakesh Jhunjhunwala
Rakesh Jhunjhunwala | |
|---|---|
 Jhunjhunwala in 2004 | |
| Born | 5 July 1960 |
| Education | Chartered Accountant |
| Alma mater | |
| Occupation | Owner of Rare Enterprises, investor, trader & film producer |
| Net worth |  US$ 4.5 Billion (May 2021) [1] |
| Spouse(s) | Rekha Jhunjhunwala |
| Children | 3 |
Rakesh Jhunjhunwala (born 5 July 1960)[2] is an Indian business magnate and stocks trader. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises.[citation needed] 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.[citation needed] He graduated from Sydenham College[3] and thereafter enrolled at the Institute of Chartered Accountants of India.[citation needed]
He has an estimated net worth of $4.5 billion (as of May 2021).[1][4]
Career[edit]
Jhunjhunwala is the chairman of 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 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 is popularly referred to as the "Warren Buffett of India" and the "King of Bull Market".[citation needed]
Jhunjhunwala invested ₹26 Crores (US$3.4 Million) in A2Z Maintenance[5] increasing his stake in the company by 3.57% to 23.2%.
The first big profit of Rakesh Jhunjhunwala was ₹5 lakh in 1986. Between 1986 and 1989, he earned almost ₹20-25 lakh profit.[6]
As of 2020, his biggest investment is in Titan Company which is worth ₹4,758 Crores (approx US$600 Million).[citation needed]
Jhunjhunwala also has stakes in privately held companies such as Star Health Insurance, Metro Brands and Concord Biotech.[7]
In popular culture[edit]
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.[8][9] For the first year, Forbes columnist Mark Fidelman[10] 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.
Controversy[edit]
There is an ongoing investigation against Rakesh Jhunjhunwala for insider trading as of 28 January 2020. [11]
References[edit]
- ↑ 1.0 1.1 "Rakesh Jhunjhunwala". Forbes. Retrieved 5 June 2021.
- ↑ "Five lesser known facts about stock market expert Rakesh Jhunjhunwala". India Today. 5 July 2021. Retrieved 9 July 2021.
{{cite web}}: CS1 maint: url-status (link) - ↑ Nagar, Anupam (13 December 2019). "What does it take to make a Rakesh Jhunjhunwala? Not just Titan & Tata Tea". The Economic Times. Retrieved 7 April 2020.
- ↑ Shah, Vrutika. "These are the 5 richest stock market investors of India and their net worth". GQ India. Retrieved 23 May 2021.
- ↑ "Rakesh Jhunjhunwala buys shares worth Rs 26 crore in A2Z Maintenance and Engineering Services". Economic Times. 22 May 2012. Retrieved 5 June 2012.
- ↑ "Business Standard Mobile Offers Who is Rakesh Jhunjhunwala, Rakesh Jhunjhunwala's net worth, Who is the biggest investor in India". Business Standard. Retrieved 6 July 2020.
- ↑ "Rakesh Jhunjhunwala". Forbes. Retrieved 7 July 2021.
- ↑ "How parody blogger Aditya Magal impressed Rakesh Jhunjhunwala - The Economic Times".
- ↑ KK, Sruthijith. "How parody blogger Aditya Mangal impressed Rakesh Jhunjhunwala". The Economic Times. Retrieved 30 September 2020.
- ↑ Fidelman, Mark. "Mark Fidelman -Socialized and Mobilized – Forbes". Blogs.forbes.com one by one. Retrieved 17 November 2012.
- ↑ "SEBI sends Rakesh Jhunjhunwala, family notices in Aptech insider trading case: Report - Money Control".
External links[edit]
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