Rakesh Jhunjhunwala was a well-established investor and CA. People knew him for his high-value financial skills. He was among the top investors and stock traders in India. His financial learnings helped a lot of investors grow their portfolios. Even though he is not among us anymore, his work still speaks out for him. Rakesh Jhunjhunwala started with Rs. 5,000 and built billions in his life. What were Rakesh Jhunjhunwala’s major stock investments? You must know what is Rakesh Jhunjhunwala net net worth, he was one of the best investor in the world, who was the inspirationo of many, let’s know his wealth.
Who Was Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala was born on 5 July 1960 and passed away on 14 August 2022 at the age of 60. He completed his education at Sydenham College Of Commerce and Economics. During his graduation, he prepared and cleared his Chartered Accountancy exam to become a CA. He married Rekha Jhunjhunwala in 1987. The couple lived happily together and gave birth to three children. He was also honoured with the Padma Shri award in 2023.
Rakesh Jhunjhunwala’s Success Story
Rakesh Jhunjhunwala started his investing journey in 1985 with a capital of Rs. 5,000. It was the same year, he became a CA. While practising as a CA, he also invested in the share market. He booked his first profit in Sesa Goa in 1988.
Rakesh was smart enough to find opportunities in the market. It was the time before the Harshad Mehta Scam in 1991 when Rakesh Jhunjhunwala made a good amount of profit from his investments in ACC Stocks. Within two years, he was able to establish himself with a strong portfolio and impressive net worth. The year 1993 brought a big change in his life.
Rakesh Jhunjhunwala Net Worth
Rakesh Jhunjhunwala had a net worth of Rs. 200 crores in 1993. People started knowing about him as he was impressively moving in the market. He spotted another opportunity in 2002 when he brought shares of Titan at Rs. 3 per share. It is now Rs. 3,248.60 per share.
By 2004, he gained a lot of experience in the market, he started managing his portfolio along with his wife’s portfolio. Rakesh founded his company Rare Enterprises and entered the deeper aspects of the share market by managing different portfolios. He also produced a movie, English Vinglish featuring Sridevi.
Top 7 Rakesh Jhunjhunwala Portfolio Shares/ Holding
- Titan: Rs. 16,026.6 Crores
- Tata Motors: Rs. 4,082.3 Crores
- Metro Brands: Rs. 3,200.8 Crores
- NCC: Rs. 2,562.4 Crores
- Fortis: Rs. 1,489.5 Crores
- Federal Bank: Rs. 1,120.4 Crores
- Crisil: Rs. 1,649.2 Crores
At the time of his death, Rakesh Jhunjhunwala has an estimated net worth of $5.8 billion US dollars, it indian rupees this amount is Rs. 580 crores. This is a huge amount, as he is considered to be one of the richest personalities in India, more about his holding is mentioned below.