Rakesh Jhunjhunwala

Rakesh Jhunjhunwala is an Indian business magnate and trader and also a chartered accountant. He is often referred to as India’s own Warren Buffet. According to Forbes’ Rich List, Jhunjhunwala is the 48th richest man in the country. He is the chairman of Hungama Media and Aptech and sits on the board of directors of firms such as – Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. He has invested in Titan, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences, etc. He has a net worth of $4.5 billion.

Rakesh developed an interest in the stock market after listening to his father discuss it with his friends. Quoting his father, He said, his father told him to read newspapers regularly as it was the news that made the stock market fluctuate. While his father allowed him to dabble with the stock market, he refused to give him financial aid and forbade him to ask friends for money. But Rakesh was a risk-taker right from the start. He borrowed money from his brother’s clients and promised to return the capital with higher returns compared with bank fixed deposits.
Rakesh’s philanthropic portfolio includes nutrition and education. He contributes to St Jude, which runs shelters for cancer-affected children, Agastya International Foundation, and Arpan, an entity that helps create awareness among children on sexual exploitation. He also supports Ashoka University, Friends of Tribals Society, and Olympic Gold Quest. He is in the process of building an eye hospital in Navi Mumbai, which will perform 15,000 eye surgeries free of cost
Name: Rakesh Jhunjhunwala
Net worth450 crores USD (2021) Forbes, Trending
Born5 July 1960 (age 60 years), Hyderabad
Father: Ex-Income Tax Officer
SpouseRekha Jhunjunwala
ChildrenAryaman Jhunjhulwala, Nishtha Jhunjhunwala, Aryavir Jhunjhunwala
SiblingsRajesh Jhunjhunwala, Raju Jhunjhunwala

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