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All you need to Know About India’s Warren Buffet “Rakesh Jhunjhunwala” & His Success Story!

According to the latest news by Forbes, Mr. Jhunjhunwala’s net worth is 5.1 billion dollars which is equivalent to 40,000 crores in today’s era, you might be wondering how one middle-class mediocre person sky-rocketed from a puny Rs – 5000 to huge 40,000 Cr.

This transition of money can baffle everyone who reads or listen to this, it is not that we every day see a normal person turning into one of the most successful investors in Indian history. So, allow me to take you on a journey of Rakesh Jhunjhunwala and understand how he used stock marketing to change his fate and become one of the most successful businesses in Indian history.

India’s Warren Buffet “Rakesh Jhunjhunwala” & His Success Story
India’s Warren Buffet “Rakesh Jhunjhunwala” & His Success Story

Started with Rs 5000 to 40,000 Cr net worth: The success story of India’s Warren Buffet “Rakesh Jhunjhunwala”

Let us decode his journey—

Rakesh Jhunjhunwala childhood:

Rakesh Jhunjhunwala, also known as “Indian Warren Buffet” or “big bull” was born on 5th July 1960 in Mumbai, though originally from a Marwari family. His father was an Income tax officer, as his father is from a tax dept., he usually used to enjoy the discussion which his father used to do with his friends which made Rakesh curious about stocks and wondered why stocks used to go up and down.

Once he even enquired about his father for which his father told him to read newspapers to understand the fluctuation of stocks and also advised him to pursue his career in the stock market. Rakesh graduated as CA in 1985 from Sydenham College. Once done, he again discussed his career path with his father to which he agreed but not to provide any financial support.

Rakesh Jhunjhunwala Entering into the stock world:

Rakesh Jhunjhunwala Entering into the stock world:
Rakesh Jhunjhunwala Entering into the stock world:

The time when he began stocking had only Rs. 5000 in his pocket in 1985, for just information, the Sensex was just at 150 points. Though he did not take any money from his father, some amount from his friend’s father which he promised to return with the rate more than given by any bank.

Soon, he was able to make 2.5 lakhs and once he began profiting, he never stopped. Earned his first big profit in 1986 when he bought 5000 shares of TATA TEA at Rs. 43 and soon, the stock rose up to 143 within three months receiving three times his profit. Three years down the lane in 1986-89, he earned almost 20-25 lakhs.

Rakesh Jhunjhunwala Next investment:

His next big investment was Sesa Goa which he initially bought at Rs 28 and increased up to 35 and soon the stock hits 65. Soon, He began investing in big companies such as Titan, CRISIL, Praj Industries, Aurobindo Pharma, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences, etc. During 2002-03, Rakesh bought “Titan limited” at an average price of Rs 3 and currently, the trade is happening at the rate of Rs 2140, covering almost 4.5 crores in the company which is 5.1% as of march 2022.

The next investment which we can talk about is Lupin where he bought shares at Rs 150, now it is trading at Rs 635. Recently, he made headlines when he made 50 crores in just 8 days. Rakesh Jhunjhunwala has a privately owned stock trading firm called “RARE enterprises”.

Rakesh Jhunjhunwala As a movie producer

As a movie producer: Though everyone knows him as a king of the stock market whereas few knows him that he has also produced movies such as “English-vinglish, “Shamitabh”, “Ki and Ka”, He is also a chairman of the Hungama Digital media entertainment Pvt Ltd.

Rakesh Jhunjhunwala Net worth:

His net worth is 40,000 crores as of July 2022, holding at least 20,000 in Indian companies such as TATA motors, Titan, etc.

Rakesh Jhunjhunwala latest investment:

Last year, he entered into three stocks Nalco, Canara Bank, and Indiabulls Real Estate in September 2021. Before this, he also bought some shares in a steel company SAIL and in AKASA air to enter the airline industry whose flight operations were supposed to begin from July 2022 and will be launching ultra-low-cost domestic flights.

Rakesh Jhunjhunwala confidence:

In 2002-03, Rakesh bought Titan company shares in 4.5 rupees per share which increased to 80 rupees which later decreased to 30, and because of this, he lost almost 300 crores, but he did not sell any of the shares because he believed that Titan would definitely grow and as per today, the share price is 400 which shows that stocking needs patience and that one quality made Rakesh Jhunjhunwala what he is right now.

He himself considers both as a trader and investor. Rakesh Jhunjhunwala stood as a great example and ideal person for stock traders and those who want to invest in stocks. This incredible journey is something one should hear because that would inspire everyone to build positive attitude towards the company.

Also Read: All you Need to know about The Tragic story of Nambi Narayanan – Victim of Fake Spy Scandal!

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