Friends, Today We Are Going To Talk About Rakesh Jhunjhunwala, The King Of The Stock Market In India And Called Warren Buffett. If We Talk About Promoting The Stock Market In India, Then Its Credit Goes To Rakesh Jhunjhunwala. While People Earlier Understood The Stock Market As A Gamble, Jhunjhunwala Has Explained A View To The People Of India To Invest Money In The Stock Market. So In This Article, You Will Give You All The Information Related To His Life.
Who Is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala Was Known As The Warren Buffett Of India And The King Of The Stock Market. He Was An Indian Billionaire Business Magnate, Stock Trader And Investor, Born On 5 July 1960 In Hyderabad, Telangana. Jhunjhunwala Was Also The Chairman Of Aptech Limited And Hungama Digital Media Entertainment Private Limited. He Was Among The Wealthiest People In India, The 36th Richest Person In India With A Net Worth Of $5.8 Billion At The End Of June 2022. Rakesh Jhunjhunwala Passed Away On August 14, 2022.
Rakesh Jhunjhunwala Biography
| Name | Rakesh Jhunjhunwala |
| Nickname | Warren Buffett Of India And King Of The Stock Market |
| Date Of Birth | 5 July 1960 |
| Bithplace | Hyderabad, Telangana, India |
| Profession | Business Magnates, Stock Traders And Investors |
| Family | Father- Radheshyam Jhunjhunwala Mother – Urmila Jhunjhunwala Wife – Rekha JhunjhunwalaChildren – Nishtha Jhunjhunwala, Aryaman Jhunjhunwala, Aryaveer Jhunjhunwala |
| Wife | Rekha Jhunjhunwala |
| Net-Worth | $5.8 Billion (14/8/2022) |
| Education | Sidenham College Of Commerce And Economics The Institute Of Chartered Accountants Of India |
| Indian Rank | #36 (2022) |
| World Rank | #438 (2022) |
| Famous For | King Of The Stock Market |
| Death | 14 August 2022 |
| Cause Of Death | He Was Suffering From Several Health-Related Problems Related To Diabetes And Kidneys, |
| Age (At The Time Of Death) | 62 Years (2022) |
| Religion | Hindu |
| Nationality | Indian |
Rakesh Jhunjhunwala
The Story Of Rakesh Jhunjhunwala, Who Touched The Journey Of A Billionaire From Five Thousand, Started On July 5, 1960, Where He Was Born In A Marwari Family. His Father’s Name In The Family Was Radheshyam Jhunjhunwala, Who Was An Income Tax Officer. His Mother Urmila Jhunjhunwala Is A Housewife. Jhunjhunwala’s Father Had A Good Knowledge Of The Stock Market. When Jhunjhunwala Was 14 Years Old, He First Heard The Name Of The Stock Market From His Father And Since Then Gradually Got Information About The Stock Market.
Today You Can Know Why Rakesh Jhunjhunwala Was So Famous In The Stock Market. Today, People Invest Their Money In The Stock Market In Their Footsteps.
Share Market Career
After Completing His High-Level Education, Jhunjhunwala Earned The Title Of CA I.E. Chartered Accountant, After Which He Entered The World Of Stock Market. But In The Beginning Jhunjhunwala Did Not Have Much Money, He Invested His Money In The Stock Market With Just Five Thousand, Since Then The Stairs Of Success In Jhunjhunwala’s Life Started. And Earned A Lot Of Profits With His Intelligence.
He First Bought Five Thousand Shares Of Tata Tea Company In 1986 For Rs 43 Per Share And A Few Months Later He Sold The Same Five Thousand Shares As Rs 143 Per Share, After Which He Made A Profit Of About Five Lakh. He Earned Around Rs 25 Lakh In Just Three To Four Years. This Was Just His Beginning, Because He Played Something In The Year 2002, After Which Jhunjhunwala Became A Millionaire Man.
In 2002, He Bought 6,000 Shares Of Titan Company For Rs 3 Per Share. The Same Stock Went Up From Rs 3 To Rs 390, After Which Jhunjhunwala Saw A Profit Of About Rs 2100 Crore. And In This Way Rakesh Jhunjhunwala Became A Millionaire Man. Although He Had To Face Losses In The Stock Market For Some Time, Due To His Sharp Mind, He Increased His Wealth. Jhunjhunwala Was Also The Chairman Of Aptech Limited And Hungama Digital Media Entertainment Private Limited.
As Of 2022, He Was India’s 36th Richest Person In The List Of Billionaires, With A Net Worth Of About USD 5.8 Billion As Of August 2022. So Friends, Due To All These Reasons, Jhunjhunwala Is Called The King Of The Stock Market In India.