the success story of rakesh jhunjhunwala-story of warren buffett of india-getinstartup

The Success Story of Rakesh Jhunjhunwala – Story of Warren Buffett Of India

Greetings to all! We are back with another motivational story of a very famous personality who is also known as “Warren Buffett of India.” Yes, You are right. I am talking about Rakesh Jhunjhunwala. If you all are familiar with the stock market, I guess you must have heard of him. Well, this article “The Success Story of Rakesh Jhunjhunwala – Story of Warren Buffett Of India” is all about how a simple boy from Mumbai with only Rs 5,000 in hand became one of the most successful stock investors in Indian history. So, without further ado, let me start the success story of Rakesh Jhunjhunwala.

Early Life

Rakesh Jhunjhunwala, also known as “Warren Buffett of India” or “Big Bull” was born on 5th July 1960 in a Marwadi family in Mumbai. His father, Radheshyamji Jhunjhunwala was an Income Tax Officer. His mother, Urmila Jhunjhunwala was a housewife, and he has two siblings too.

Rakesh Jhunjhunwala always had an interest in the stock market. As his father always used to discuss it with their friends. So, he asked his father once whether he can pursue a career in the stock market. However, his father denied his decision and told him to complete his studies first and get a degree from college.

After graduating from college, Rakesh again asked his father the same thing. His father told him to pursue any career, But he would neither provide him any funding nor he can ask any of his father’s friends for funding. This was a big challenge for him. As he was going to enter the stock market without any capital.

But he was a risk-taker from the start. He borrowed the money from his brother’s clients and promised to return capital with high interest.

Entering the Stock Market

Rakesh Jhunjhunwala always has been very curious and very passionate about the stock market. He entered the stock market with only Rs 5,000 in his pocket in 1985 when the Bombay Stock Exchange Index was at 150. This is how the success story of Rakesh Jhunjhunwala began and dominated the whole stock market.

Dominating the Stock Market

The first big profit was about Rs 5 lakh in 1986. He also bought 5000 shares of Tata Tea at Rs 43 and within 3 months, the shares were trading at Rs 143. By selling the shares of Tata Tea he made a profit of three times the previous value of shares. Later, he also made a good amount of profits from stocks.

In 1986-89, he earned Rs 20-25 million which he invested in Sesa Goa iron mining company. The stock of Sesa Goa railed to Rs 65, which he initially bought for Rs 28. He was dominating the stock market and later he became the “King of Bull Market“.

The Rise of RARE Enterprises

Rakesh Jhunjhunwala started a privately owned stock trading firm called RARE ENTERPRISES. The name of the firm is derived from the first two initials of his name and his wife’s name. The firm was a really big thing for Rakesh Jhunjhunwala.

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Rakesh Jhunjhunwala bought the shares of Titan company at an average price of Rs 3 and currently railing to Rs 817 and he is holding 7.5 crore shares of titan company. He has an ‘overall’ holding of 8.45% in the company.

A few other multi-baggers in Rakesh’s portfolio are CRISIL, PRAJ IND, Aurobindo Pharma, NCC, LUPIN, and many more. That’s it for the story of the warren buffet of India. Now, let’s look at some facts about Rakesh Jhunjhunwala.

Amazing facts about Rakesh Jhunjhunwala

1. Rakesh Jhunjhunwala made Rs 5000 Cr from Rs 5000 in 30 years only from the stock market.

2. According to Forbs magazine, he is considered the 54th richest person in India with a net worth of  $3.1 Billion, which is equivalent to over Rs 19,000 Crores.

3. He is a producer of the film named “English Vinghlish, and also a big fan of Bollywood too.

4. Due to his good analyst and knowledge about the stock market in India. He is widely known and accepted as Warren Buffet of India or King of Bull market.

5. Rakesh Jhunjhunwala is a Chartered Accountant by qualification.

6. He is also a foodie by nature, he loves Chinese and street food and also likes to watch food shows on TV.

7. He is also a philanthropist. He donated 25% of his wealth to charity.

8. Rakesh Jhunjhunwala considered one of the masterminds in the Indian stock market, as he has made Rs. 5000 crore from Rs 5000 in just 30 years.

9. He is the chairman of Hungama Media and Aptech.

10. He is in the process of building an eye hospital in Navi Mumbai, which will perform 15,000 eye surgeries free of cost.

Conclusion

Mr. Rakesh Jhunjhunwala always has been a risk-taker in his life. He is really a down-to-earth person and also a philanthropist. A regular boy from the Marwadi family successfully achieved his dreams.” Never forget that money is the means to the world, but not the end of it.” a message by Rakesh Jhunjhunwala to all.

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If the article “The Success Story of Rakesh Jhunjhunwala – Story of Warren Buffett of India” inspired you a lot, then let me know in the comment section.

Hope the article “The Success Story of Rakesh Jhunjhunwala – Story of Warren Buffett Of India” motivates you a lot and helps you to be focused on your goals.

For more success stories like this, do refer the links given below.

  1. Success Story of Bill Gates – Best Motivational Story of All Time
  2. Story Of India’s Richest Man – The Success Story of Mukesh Ambani
  3. Story of Apple – The Success Story of Steve Jobs

5 Thoughts to “The Success Story of Rakesh Jhunjhunwala – Story of Warren Buffett Of India”

  1. Harpreet Kaur

    Superb🔥

  2. Amritpreet Singh

    Nice content🔥

  3. Damanpreet

    Well written 👍👍

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