What Happened To Rakesh Jhunjhunwala?

What happened to Rakesh Jhunjhunwala – Rakesh Jhunjhunwala is an Indian billionaire entrepreneur, investor and shareholder. Many are curious about what happened to Rakesh Jhunjhunwala. So in this article we will take a look at what happened to Rakesh Jhunjhunwala and learn more about Rakesh Jhunjhunwala.

Rakesh Jhunjhunwala

What Happened To Rakesh Jhunjhunwala

Rakesh Jhunjhunwala is an Indian billionaire entrepreneur, equity trader and investor. As a partner at his wealth management firm, Rare Enterprises, he oversees his own portfolio. Jhunjhunwala grew up in Bombay in a Rajasthani family where his father worked as an income tax commissioner. His surname indicates that his ancestors came from the city of Jhunjhunu in Rajasthan. He attended Sydenham College before enrolling at the Institute of Chartered Accountants of India.

What happened to Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala is bullish in the local equity market, although Dalal Street, like its global counterparts, faces some challenges. While he remains a supporter of the Indian market, he expects Dalal Street to develop more slowly. With its new venture, Akasa Air, the big bull has solidified its position as a believer in India’s growth narrative.

When it comes to investing in India, Ace Investor is one of the most vocal advocates. Rakesh Jhunjhunwala said the PSU bank was his stake for future growth when asked about the areas he thought would do well. Jhunjhunwala explained his reasons for moving, saying he believed credit would grow, leading to a rise in bank prices.

He also outlined its stakes on the aviation business, predicting that India will need 2.5 times the number of planes it has now as passenger numbers grow from 14 crore to 40 crore in the next four years, as predicted by the Minister of Civil Aviation. Rakesh Jhunjhunwala believes that as income in India increases, so will discretionary spending, which will help the sector to grow. Rakesh Jhunjhunwala also classifies his airline as an economy rather than a low-cost airline.

He has lost 18kg and has no diabetes after being bedridden for 18 months.

Rakesh Jhunjhunwala Biography

Name  Rakesh Jhunjhunwala
Full Name  Rakesh Jhunjhunwala
Profession  Investor
Age  62
Date of Birth  5 July 1960
Birthplace  Hyderabad, Telangana, India
Nationality  Indian 
Education  Sydenham College of Commerce and Economics, Bombay

The Institute of Chartered Accountants of India

Parents NA
Marital Status  Married 
Wife  Rekha Jhunjhunwala
Kids  3
Net Worth  $5.6 billion 

Rakesh Jhunjhunwala’s Age

Rakesh Jhunjhunwala, 62, was born on 5 July 1960 to a Rajasthani family and spent most of his childhood in Mumbai (then Bombay). Jhunjhunwala became interested in the stock market when he first heard his father discussing it with his friends. Even though his father advised him about the stock market, he never gave him any money to invest in it. However, Rakesh did not stop there and started trading in the financial markets shortly after starting college. In 1985 he invested his life savings of INR 5,000 which yields a spectacular return of INR 11,000 today.

Rakesh Jhunjhunwala’s family

His surname indicates that his ancestry was born in the Jhunjhunu district of Rajasthan. Rakesh Jhunjhunwala’s father is an Income Tax Commissioner. He attended Sydenham College before enrolling at the Institute of Chartered Accountants of India. Jhunjhunwala is married to Rekha Jhunjunwala who is also a stock investor. She has three children.

Rakesh Jhunjhunwala net worth

According to Forbes, Rakesh Jhunjhunwala’s net worth is estimated at around US$5.6 billion, making him the 36th richest person in India. An investor with Midas talent, Rakesh Jhunjhunwala is often referred to as India’s Warren Buffett. He started investing with $100 in 1985 when the Bombay Stock Exchange index was at 150; currently traded at over 60,000. Titan, a watch and jewelry company owned by the Tata Group, is their most valuable publicly traded stock. Jhunjhunwala’s initial investments in Star Health and Allied Insurance and Metro Brands were rewarded when both companies went public in 2021.

Rakesh Jhunjhunwala’s 14-storey house is currently under construction at BG Kher Marg in the Malabar Hills. Earlier, Rakesh and his wife Rekha Jhunjhunwala paid Rs 371 crore for 14 apartments at the site. These apartments will be demolished to make way for new homes to be built. A 57 meter high building is available on an area of ​​2,700 square meters.

Regards to Rakesh Jhunjhunwala

Jhunjhunwala had an episode of Covid and has lost 18kg after being bedridden for 18 months. Although he appears to be recovering well, his latest interview attracted a lot of attention from his followers, who prefer him to rest and recuperate. Rakesh Jhunjhunwala recently entered the aviation industry with Akasa Airlines.

What Happened To Rakesh Jhunjhunwala – FAQs

1. Is Rakesh Jhunjhunwala still holding Tata Motors?  

The latest shareholding pattern suggests Jhunjhunwala holds 3.625 crore shares or 1.09 per cent stake in the company as of June 2022 end. The ‘Big Bull’, who owned a 1.18 per cent stake in Tata Motors in the March quarter, reduced his stake by 0.09 per cent by selling 30 lakh shares last quarter.

2. What disease does Rakesh Jhunjhunwala have?  

He had very high diabetes, which had affected his feet, probably a case of diabetic neuropathy. He was also infected with Covid-19, complicating his health situation.

3. Where is Rakesh Jhunjhunwala investing now?  

Titan Company Ltd is the biggest investment in Rakesh Jhunjhunwala’s stock portfolio. The total value of Titan shares in his portfolio is worth a colossal Rs 8,685 crore as on June 17, 2022.

4. Is Rakesh Jhunjhunwala still holding Titan?  

Rakesh Radheshyam Jhunjhunwala (3.98 per cent) and Rekha Rakesh Jhunjhunwala (1.07 per cent) collectively held 5.05 per cent stake in Titan Company at the end of March 2022 quarter, the shareholding pattern data shows.

5. Who is the richest stock broker in India?  

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.