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).
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%. He also invested INR 30.90 Crores in little known ramming mass manufacturing company Raghav Productivity Enhancers Ltd. https://economictimes.indiatimes.com/markets/stocks/news/2400-rally-in-5-years-rakesh-jhunjhunwala-to-invest-rs-31-crore-in-this-multibagger/articleshow/84966600.cms
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).
Jhunjhunwala also has stakes in privately held companies such as Star Health Insurance, Metro Brands and Concord Biotech.
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