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Rakesh Jhunjhunwala

Rakesh Jhunjhunwala

Investor,Stock trader

Birthdate

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Organization

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Investor Type

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Birth & Early Life

  • Rakesh Jhunjhunwala, As the co-founder of Rare Enterprises, his firm has played a pivotal role in shaping his investment strategies, allowing him to build a diversified portfolio.
  • Among the key investments that contributed to his remarkable wealth is Titan, a company that has now become synonymous with success. Rakesh Jhunjhunwala’s ability to identify value stocks early on has been a key factor in his consistent growth in the stock market.
  • As his investments grew, so did his wealth. In the early 2000s, Jhunjhunwala’s net worth was in the millions, but by the 2010s, it had surged into billions. His investment in Titan, which appreciated manifold, is one of the most significant contributors to his wealth.
  • Rakesh Jhunjhunwala’s portfolio is diverse, spanning across several sectors including financial services, pharmaceuticals, and consumer goods. His approach to building a portfolio reflects his belief in diversification and long-term investments.
  • Jhunjhunwala’s investment choices are not random but are based on thorough analysis. He seeks companies with strong management, a clear vision, and robust growth potential. His approach is simple- focus on high-quality businesses and let time work its magic.

Physical Status

Male

Education


Institution
Degree
Duration
Sydenham College
Bachelor's Degree
Not specified
Institute of Chartered Accountants of India (ICAI)
Chartered Accountancy
Not specified

careers

Aspect
Details
Early Investment Journey
- Inspired by his father's discussions, Jhunjhunwala began investing with his own savings in college.

- Initiated with ₹5,000 capital in 1985, achieving a significant profit of ₹5 lakh in 1986.

- Earned approximately ₹20–25 lakh profit between 1986 and 1989.

- By 2022, his investments had grown to ₹11,000 crores.
Investment Portfolio
- Managed his own portfolio as a partner in Rare Enterprises.

- Held significant positions in various companies, including Aptech, Hungama Digital, and Prime Focus.

- Sat on the board of directors of multiple companies across industries.
Real Estate Ventures
- Purchased Ridgeway apartments in Malabar Hill, Mumbai.

- Commenced construction of a new 70,000 square feet home in 2021.
Involvement in Akasa Air
- Invested US$400 million in Akasa Air in July 2021, holding a 40% stake.

- Increased stake to 46%, becoming the largest stakeholder before his passing.

- Attended the inaugural event and flew on the airline's first flight.

Personal Details

Married