Rakesh Jhunjhunwala

Date of Birth: July 5, 1960

Zodiac Sign: Cancer

Date of Death: August 14, 2022

Biography

Rakesh Jhunjhunwala was an Indian billionaire business magnate, stock trader, and investor. Often referred to as the “Warren Buffett of India,” Jhunjhunwala was one of the most influential figures in the Indian stock market. He started his investment journey while he was still in college, with just a few thousand rupees, and over the years, built a massive portfolio. He was a qualified Chartered Accountant and founded the asset management firm Rare Enterprises, named after the first two initials of his and his wife Rekha’s names. Throughout his career, he was known for his bullish outlook on the Indian economy and made significant contributions to various industries, including aviation, where he co-founded the airline Akasa Air. Rakesh Jhunjhunwala’s investment philosophy was deeply rooted in the fundamentals of value investing, and his insights were highly sought after by both retail and institutional investors.

5 Interesting Facts about Rakesh Jhunjhunwala

1. Rakesh Jhunjhunwala started investing in the stock market when he was just 25 years old, with a capital of Rs 5,000.

2. He co-founded Akasa Air, a low-cost airline in India, which began operations shortly before his death.

3. Jhunjhunwala was known for his philanthropic activities and donated significant sums to healthcare and education.

4. He was a self-made billionaire, having grown his wealth through strategic investments over several decades.

5. Despite his immense wealth, he was known for his relatively modest lifestyle and straightforward demeanor.

5 Most Interesting Quotes from Rakesh Jhunjhunwala

1. “The market is like a woman, always commanding, mysterious, unpredictable, and volatile.”

2. “Emotional investment is a sure way to make a loss in the stock market.”

3. “Make the investment when you understand the risk.”

4. “I am not a rightist, nor am I a leftist. I am a realist.”

5. “Growth comes out of chaos.”

Highest Net Worth Achieved

Rakesh Jhunjhunwala’s highest net worth was estimated to be around $5.8 billion.

Children

Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala had three children: a daughter, Nishtha Jhunjhunwala, and twin sons, Aryaman Jhunjhunwala and Aryaveer Jhunjhunwala.