Rakesh Jhunjhunwala: All About The Warren Buffet of India and The King of Bull Market

Rakesh Jhunjhunwala: All About The Warren Buffet of India and The King of Bull Market

Rakesh Jhunjhunwala is an Indian finance manager, financial specialist and film maker. He is the proprietor of Rare Enterprises, an exclusive stock exchanging firm. Starting at 29 September 2020, he has been announced the 39th most richest individual in India with a total assets of $2.9 billion. He began putting and testing in stocks while concentrating in school. He is prominently known as the Warren Buffet of India and the King of Bull Market. He is additionally a functioning altruist and means to give practically half of his fortune to beneficent associations. He supports almost 400 schools and promoters training for kids coming from disadvantaged backgrounds.


About

Name

Rakesh Jhunjhunwala

Born

1960

Birthplace

Telangana, India

Nationality

Indian

Age

60 (2020)

Education

Sydenham College; The Institute of Chartered Accountants of India

Profession

Businessman; Investor; Film Producer

Position

Owner of Rare Enterprises

Net worth

$ 2.9 billion (2020)

Siblings

Rajesh Jhunjhunwala; Raju Jhunjhunwala

Spouse

Rekha Jhunjhunwala

Daughter

Nishtha

Sons

Aryaman; Aryavir


Rakesh Jhunjhunwala-Personal Life 

Rakesh was brought into the world in Hyderabad, Andhra Pradesh (presently in Telangana), India. He was raised in a Marwari family living in Mumbai, where his dad was employed as an income tax officer. He is married to Rekha Jhunjhunwala and the couple bear three youngsters. He is known as a family man who cherishes his better half, siblings and youngsters. 


Rakesh Jhunjhunwala-Education 

Rakesh concentrated from Sydenham College of Commerce and Economics arranged in Mumbai. He was qualified as a Chartered Accountant from the Institute of Chartered Accountants of India. 


Rakesh Jhunjhunwala-Professional Life 

Rakesh is the director of Aptech Limited and Hungama Digital Media Entertainment Private Limited. The loads of Rakesh tumbled down to 30% in December 2011. He some way or another recuperated every one of those misfortunes in February 2012. These thrill rides in the excursion helped him to lessen his helplessness by managing his portfolio to 33%. In any case, his most extreme consideration to confiscate his Aptech stake, ultimately had no takers. 


Aside from being a finance manager, he is a speculator, humanitarian and furthermore a Bollywood film maker. He fills in as the Board of chiefs to a lot of Indian organizations.


Rakesh Jhunjhunwala- as the Board of Directors

Prime Focus Limited

Praj Industries Limited

Geojit Financial Services

Mid Day Multimedia Limited

Bilcare Limited

Viceroy Hotels Limited

Nagarjuna Construction Company Limited

Tops Security Limited

 

Rakesh Jhunjhunwala-as an Investor 

Rakesh got propelled from his dad, who used to examine about stock exchanging. Ultimately Rakesh took a decent measure of interest in the stocks business. Subsequent to finishing his investigations for Chartered Accountant in 1985, Rakesh made his first speculation with just Rs.5000 when the Bombay Stock Exchange Index was at 150. 


Following one year, he got a benefit of Rs. 5 lakh by selling 5,000 portions of Tata Tea at a cost of Rs. 143 subsequent to purchasing for Rs. 43 for every offer three months prior. 


He has contributed Rs. 26 crores for the organization, A2Z Maintenance. Hence he has expanded his stake in the organization by 3.57% to 23.2%. One of the significant benefits he acquired was Rs. 3 lakh in 1986. Between the year 1986-1989, he acquired nearly Rs. 20-25 lakh benefit. Perhaps the greatest interest in the year 2020 is in the Titan Company, which is worth Rs. 4,758 crores. 


A debate emerged against Rakesh, from 28 January 2020 on wards there is a progressing examination against him for insider exchanging. 


Rakesh Jhunjhunwala-Rare Enterprises 

Rare Enterprises is an exclusive asset management firm, which serves Indian clients. The name Rare has been gotten from the consolidated name of Rakesh and his significant other Rekha. Talking about the year 2020, the organization bought 50 lakh portions of Indiabulls Real Estate through an open market exchange on NSE. After this move, the stock hopped 15.68% to Rs. 63.80 on the BSE. In addition, it picked up 15.97% to Rs. 63.90 on the NSE. 


Rare Enterprises bought 50 lakh scrips of the organization at a normal cost of Rs. 57.73 per share, according to NSE's mass arrangement information. This arrangement took a complete an incentive to Rs.28.86. 


Rakesh Jhunjhunwala-as a Producer 

He has been the co-producer of some significant Bollywood films like, Ki and Ka, English Vinglish, Shamitabh. In addition, a web arrangement named Scam 1992, where, an entertainer named Kavin Dace assumed a job dependent on Rakesh. 


His film English Vinglish was named under the models of Best Film (2013) through the foundation of Filmfare Awards, Zee Cine Awards a lot of the International Indian Film Academy. 


There is an acclaimed spoof blog dependent on his life, The Secret Journal of Rakesh Jhunjhunwala, which was uncovered in 2012 by The Economic Times composed by Forbes reporter Mark Fidelman for a year before it was taken over by Indian creator Aditya Magal.