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.
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.
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.
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).
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.
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.
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.
1. Rakesh Jhunjhunwala 'The Indian Dream'
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.
Rakesh Jhunjhunwala earns ₹1125 crore from these two Tata stocks in one day.
Damani was a mentor to billionaire investor Rakesh Jhunjhunwala.
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.
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.
Rakesh Jhunjhunwala Email Address
Found 1 email address listing: @gmail.com.
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.