Who is Rakesh Jhunjhunwala?
He is known as Warren Buffet of India and also known as the king of the Indian stock market.One of the richest people in India. They started with only 5000 in share market and now they have 16000 crores.
Rakesh Jhunjhunwala was born on 5 July 1960 at Mumbai in the Marwari family. His father was an Investment Officer. His father was very interested in the share market. They always talk about the share market with his friends.
At the age of 14th Rakesh was asked his father about the share market. His father advised him to stay updated with the company’s news. For that Rakesh started to read the newspaper. And he was started updated with the company's information.
Rakesh completed his graduation from SYDENHAM COLLEGE OF COMMERCE AND ECONOMICS.
In 1985, he became CA. Now Rakesh completed his study and he wants to go in the share market.
How they started investing?
Rakesh has no more money to invest in the share market. They started with only 5000 rupees.They earn their first big profit in 1986. They buy shares of TATA Tea at the price of 43 per share. After 3 months the price of this share s going high and reaches 143 per share. At that time Rakesh sells this share and earn 5 Lacs profit.
In the duration of time 1986-1989, they earned 25 lacs profit. After the years they became crorepati.
How they get success in stock market?
The turning point of his life is 2002-03 when they made the highest profit. Rakesh was bought 6 crore share of titan company at 3 rupees per share. After the time price of this share goes high and reaches 390 per share. At the price of 390, they sell these shares and made a profit of 2100 crore.
In December 2011, The stock fell by up to 30% in which investment of Rakesh jhunjhunwala. They were going in the loss at that time. But Rakesh recovered his loss in February 2012 by his sharp mind.
Conclusion
Now Rakesh jhunjhunwala’s net worth is 16000 crore. They counted in the richest people in India.Rakesh jhunjhunwala said BUY RIGHT AND HOLD TIGHT. It means buying the right stock and hold it with patience.
Rakesh is chairman of APTech Limited and Hungama Digital Media. They produced Ki&Ka, English-Vinglish, and shamitabh movies.
Rakesh jhunjhunwala said that YOU DON’T SUCCEED WITHOUT OBSESSION.
Thank You.
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