Rakesh Jhunjhunwala Net Worth

Rakesh Jhunjhunwala Net Worth is
$1.5 Billion

Rakesh Jhunjhunwala Bio/Wiki, Net Worth, Married 2018

Rakesh Jhunjhunwala (created 5 July 1960) is an Indian investor and dealer. He’s a qualified Chartered accountant. He manages his own portfolio as a partner in his asset management firm, Uncommon Businesses. Jhunjhunwala was described by India Today magazine as the “pinup boy of the present bull run” and by Economic Times as “Pied Piper of Indian bourses”.

Rakesh Jhunjhunwala plunged into fulltime investing shortly after finishing his schooling. He began his career in 1985 when the BSE Sensex was at 150. He made his first huge gain of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a cost of Rs 143 which he’d bought for Rs 43 a share only 3 months earlier. His first important successful wager was iron mining company Sesa Goa(now Sesa Sterlite). The cost increased to Rs 2200 and he sold some shares. Jhunjhunwala considers Radhakishan Damani as his master. Jhunjhunwala’s portfolio of stocks is monitored religiously. His latest stock portfolio is the topic of numerous discussions and evaluation. Like Warren Buffett, he’s a long-term investor, yet he admits that ‘trading’ income helped him assemble his capital foundation and stays. By late 2014 his portfolio comprised A2Z Care, Titan Industries – 9% position, CRISIL -5.7% position, [Geometric] – 19.14% position, [Lupin Ltd.] – 1.87% position and Karur Vysya Bank .

Rakesh Jhunjhunwala Net Worth $1.1 Billion Dollars