What does Rakesh Jhunjhunwala do?

Asked by: Myrtle Crona  |  Last update: February 9, 2022
Score: 4.9/5 (38 votes)

Rakesh Jhunjhunwala is an Indian billionaire business magnate, stock trader and investor. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala grew up in a Rajasthani family, in Bombay, where his father worked as a Commissioner of Income Tax.

What is the work of Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala manages a privately owned stock trading firm called 'RARE Enterprises'. The name is derived from the first two initials of his name and his wife Mrs Rekha Jhunjhunwala's name. During his long career in the stock market, Rakesh Jhunjhunwala invested in a number of multi-bagger stocks.

How did Rakesh Jhunjhunwala make his money?

He borrowed money from his brother's clients and promised to return the capital with higher returns compared with bank fixed deposits. He earned his first big profit in 1986 when he bought 5,000 shares of Tata Tea at Rs 43 and the stock rose to Rs 143 within three months. He earned over three-times profit.

What is the income of Rakesh Jhunjhunwala?

Impact on Rakesh Jhunjhunwala's net worth

As Rakesh Jhunjhunwala and his wife holds 4,33,00,970 Titan Company shares and the stock has risen ₹355.70 apiece, rise in Rakesh Jhunjhunwala's net income from this stock in last 3 months is around ₹1540 crore ( ₹355.70 x 43300970).

Who is the richest stock broker in India?

1. Rakesh Jhunjhunwala. Rakesh Jhunjhunwala, also known as “The Big Bull', is one of the most renowned and successful stock market investors in India. He has made a great fortune by trading and investing in stocks, which is an inspiration for all those who want to succeed in the Indian Stock Market.

Rakesh Jhunjhunwala Story: How he became successful billionaire by investing in stock market | Hindi

29 related questions found

What is Rakesh Jhunjhunwala buying?

Jhunjhunwala bought 29,097,400 shares or 1.60 per cent stake in Canara Bank in the quarter gone by. His stake was valued at Rs 584 crore as of Wednesday's price.

Is Damani a Sindhi?

Damani was raised in a Marwari family in single room apartment in Mumbai. He studied commerce at the University of Mumbai but dropped out after one year. After the death of his father who worked on Dalal Street, Damani left his ball bearing business and became a stock market broker and investor.

Has Rakesh Jhunjhunwala written any book?

1. Rakesh Jhunjhunwala 'The Indian Dream'

Where does Rakesh Jhunjhunwala house?

The man with the Midas touch in the stock market, Rakesh Jhunjhunwala currently lives at Il Palazzo near Hanging Gardens with his wife Rakhi Jhunjhunwala, daughter Nishitha and twin sons Aryaman and Aryaveer Jhunjhunwala. Once the home is ready, their new address will be at BG Kher Marg, formerly known as Ridge Road.

How much does Rakesh Jhunjhunwala earn in a day?

Rakesh Jhunjhunwala earns ₹1125 crore from these two Tata stocks in one day.

Who is the mentor of Rakesh Jhunjhunwala?

Damani was a mentor to billionaire investor Rakesh Jhunjhunwala.

Is trading a good career?

If you are one of these people who like working alone, or at your own pace, trading is the perfect career for you. Everything you do – from the trades you take to the money you earn – stays under your control if you're a trader.

Where does Rakesh Jhunjhunwala stay?

His palatial house is being built in Malabar Hill, one of the plush localities of Mumbai. Rakesh Jhunjhunwala is the 36th richest person in the country with a net worth of $5.7 billion. The construction work of Jhunjhunwala's 14-storey bungalow on BG Kher Marg is going on in full swing.

Who is the best trader in India?

Top Traders in India
  • Top Traders in India – Rakesh Jhunjunwala. ...
  • Top Traders in India – Radhakishan Damani. ...
  • Top Traders in India – Raamdeo Agrawal. ...
  • top 10 traders in India- Ramesh Damani. ...
  • top 10 traders in India – Nemish Shah. ...
  • stock traders in India – Vijay Kedia. ...
  • Top Traders in India – Porinju Veliyath. ...
  • Dolly Khanna.

How can I contact Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala Email Address

Found 1 email address listing: @gmail.com.

Why Dalal Street is named so?

What Is Dalal Street? ... It received the name Dalal Street after the Bombay Stock Exchange moved there in 1874 and became the first stock exchange recognized by the Indian government. The literal translation of Dalal in Marathi is a broker or intermediary.