The stock market can be risky, but yet can also be highly rewarding for those who approach it with patience and hard work.
In this article, we explore the inspiring journey and struggles of one such celebrated investor, Sir Rakesh Jhunjhunwala, popularly known as 'The Big Bull of India.' Let's take a look at his success story and also scan through his portfolio and associates in 2023.
Who was Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala hails from a Marwari household and was born in Mumbai on 5th July 1960. He completed his graduation in commerce from Mumbai University's Sydenham College and later became a qualified Chartered Accountant.
Due to his expertise to pick stocks and success in the stock market, Jhunjhunwala sir is often referred to as 'India's Warren Buffet' .
Unfortunately, before his time, this bull of the market left the world at the peak of his power.
When he left this world , he possessed stocks worth approximately $4 billion.
His valuable portfolio was inherited by his wife, Rekha Jhunjhunwala. Rakesh Jhunjhunwala was one of the most influential voices in India.
Besides being a prominent investor, he also contributed to society through the Rakesh Jhunjhunwala Foundation, supporting initiatives like education and healthcare services.
Rakesh Jhunjhunwala's Investment Journey
Rakesh Jhunjhunwala began his journey in the stock market with a mere 100 rupees. In 1985, when the Sensex, the benchmark index of the Bombay Stock Exchange, was at 150, he started his investments. Now, it is trading around ~66600. His first significant profit came in 1986 when he invested in 5,000 shares of Tata Tea, which was then trading at Rs. 43 per share. Within three months, the share price rose to Rs. 143, earning him a profit of Rs. 5,00,000. Over the next three years, he continued to make profits exceeding Rs. 20 lakhs through stock market trading.
Jhunjhunwala's Investment Company
He founded his stock trading firm called "Rare Enterprises," the name being a combination of his wife's name and his initials.
Net Worth of Rakesh Jhunjhunwala and Associates
As of July 20, 2023, the total wealth of Rakesh Jhunjhunwala and Associates amounts to a whopping Rs. 38,687.90 crores.
Let's have a look and understand at the growth of their collective assets in these years.
Rakesh Jhunjhunwala and Associate's Portfolio
As per the June -23 Quarter data filled with exchange below are the stocks and holding % in Rakesh Jhunjhunwala and associates's Portfolio.
Stocks where Rakesh Jhunjhunwala and Associate's Increased Holding
Stocks where Rakesh Jhunjhunwala and Associate's decreased Holding
Conclusion
The stock market remains a place of opportunities and risks. Rakesh Jhunjhunwala's success story reminds us that with perseverance and belief in oneself, one can overcome challenges and achieve great heights in the dynamic world of investments.
His journey has been inspirational, and his contributions to society continue to make a positive impact.
Let's learn from his wisdom and continue our pursuit of financial growth with diligence and determination.
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