Rakesh Jhunjhunwala (born 5 July 1962) is an Indian Investor and Trader. He is a qualified Chartered Accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala has been described by India Today magazine as the “pin-up boy of the current bull run”[4] and by The Economic Times as “Pied Piper of Indian bourses”.
As per Forbes, he is the 53rd richest person in India, with net assets worth $220 Crores (as of October 2016).
Early life
Jhunjhunwala grew in Mumbai, India where his father is posted as an Income Tax Officer. He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.
Career
Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of various Indian companies such as Prime Focus Limited, Geojit BNP Paribas Financial Services Limited, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.
Jhunjhunwala’s stocks fell by up to 30% in December 2011. He recovered his losses in February 2012. These ups and downs forced him to reduce his vulnerability by trimming his portfolio to one-third. His attempts to divest his Aptech stake had no takers. In May 2012 he increased his stake in Aptech by 2.24% now holds 12.7%
Jhunjhunwala invested ₹26 Crores ($4.6 Million) in A2Z Maintenance increasing his stake in the company by 3.57%, taking his stake in the company to 23.2 per cent.
He is also credited as a producer of the 2016 movie Ki & Ka.
| Rakesh Jhunjhunwala | |
|---|---|
| Born | 5 July 1960 Mumbai, India |
| Education | Chartered accountant |
| Alma mater | Bombay University, The Institute of Chartered Accountants of India (ICAI) |
| Occupation | Owner of rare enterprises, investor , Film Producer & trader |
| Net worth |  USD 2.4 billion (Apr 2017) |
| Spouse(s) | Rekha Jhunjunwala |
| Children | 3 |
Rakesh Jhunjhunwala Net Worth: Rakesh Jhunjhunwala is an Indian investor and trader who has a net worth of $1.5 billion. A qualified Chartered accountant and veteran investor, Rakesh Jhunjhunwala is often called India’s Warren Buffett for managing to sustain the bulk of his stock apart from the falling rupee and volatile stock market. Jhunjhunwala has never stopped believing in his country, seeing its problems as temporary obstacles that eventually will be surmounted. So far, he has forecasted the return of a bull market and still supports back export-oriented sectors like those in the pharmaceutical industry. As some of his top interest stand out drugmaker Lupin, in which he acquired his stock in over a decade ago. Also he continues to back mid-cap companies that he believes are undervalued in such fields as media, outsourcing and housing finance. Needless to say, Rakesh Jhunjhunwala has been managing his own portfolio by himself as a partner in his asset management firm, Rare Enterprises. Having found a new passion for horse racing, he decided to buy 20 racehorses, which he co-owns with friends, in the last 2 years. Most recently, he bought extended his properties by spending $28 million for 6 apartments in a south Mumbai condo.
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