Rakesh Jhunjhunwala the “Warren Buffett of India ” is respected in the investor’s community for his great understanding of the stock market and value investments.
Rakesh Jhunjhunwala was born on 5th July 1960. His interest in the Stock market grew from his father who was an Income Tax officer. Though you may have heard Rakesh Jhunjhunwala as the greatest investor of India, he was also good in studies and is also a “Chartered Accountant”. His education has helped him to understand stocks deeply and make the right decision based on market sentiments and the financials of the company.
5 Fascinating Facts About Rakesh Jhunjhunwala
Rakesh Jhunjhunwala is a self-made billionaire. So let’s learn a few fascinating facts about Rakesh Jhunjhunwala.
- The first investment of Rakesh Jhunjhunwala was in Tata Tea. His father didn’t help him, so he invested his capital of INR 5,000 and borrowed the rest from his acquaintances. With the money accumulated, he bought 5,000 shares of Tata Tea at INR 43 and sold them at INR 143 within 3 months in the year 1985. It’s 3 times profit within a short period. The profit boosted his morale and he later took investing as a full-time job. At that time, shares were traded in physical form, so there was no online share market trading like you have now. Online share market trading has helped investors to invest in the share market more efficiently and at a cheaper rate. Brokers like “Dhan” charge a very nominal fee on transactions and shares are directly converted in Demat form which makes it safe for the investors.
- You must be fascinated to know that Rakesh Jhunjhunwala is a big fan of Bollywood. His favourite actor is Amitabh Bachan and he has also produced Bollywood films like English Vinglish, Shamitabh, and Ki and Ka. Rakesh Jhunjhunwala is also the chairman of Hungama Digital Media Entertainment Pvt. Ltd, which is an online promotion agency for films.
- Rakesh Jhunjhunwala is a big-time value long-term investor. The shares that he holds provide dividends and help him to earn in crores. As an example, Rakesh jhunjhunwala currently holds 3.37crore equity shares of Titan. The latest dividend of Titan was INR 4 per share. So the accumulated dividend amount that Rakesh jhunjhunwala earned was INR 13.48crores. Like this, he receives dividends from several other stocks in his portfolio. The total dividend that he receives in a year is around INR 150-200 crores. In an Online share market trading platform, you can check the dividend yield each stock provides and buy stocks accordingly.
- Rakesh Jhunjhunwala is the 48th richest man in India with a Net worth of 590 crores USD. The journey from INR 5000 to the 48th richest man of India was due to consistency and patience. If you want to make wealth, be a long-term investor and start Online Share Market trading. Pick good stocks and stay invested.
- The “Warren Buffett of India” is also a big-time foodie. He loves Chinese cuisine and enjoys street dosa. He has also invested in the favourite Food chain “ Barbeque Nation Hospitality”.
Rakesh Jhunjhunwala is considered a value investor. He studies a stock deeply and if the financials are good, then he waits for the stock to reach the best buying price. This has helped him to generate his wealth consistently. So have patience and keep on investing.
