You must have received calls from many stock marketing companies and they would be talking to you about share market investment. Many people in India understand that those who invest in the stock market are doomed. Earning money by investing in the stock market is difficult but not impossible. There is such a person in India, who has earned a profit of 15000 crores by investing only 5000 rupees.
Rakesh Jhunjhunwala is known as the king of the Indian stock market, who is called the “Warren Buffett” of India. His name is taken with great respect in the field of the share market. Many people working in this field consider him as their role model and investor guru.
Rakesh Jhunjhunwala was born on 5 July 1960 in a Marwari family in Mumbai. His father was an officer in the Income Tax Department of the Government of India and he used to invest in the share market. He used to discuss the subject of the market with his friends. Rakesh used to listen to all these things and one day he asked his father how the prices fluctuate in the stock market. Then his father advised him to read the newspaper. This was his first lesson about the stock market.
Education of Rakesh Junjhunwala
Rakesh Jhunjhunwala’s success story
Rakesh Jhunjhunwala’s success story
Education of Rakesh Jhunjhunwala
He graduated in commerce from Sydenham College, Mumbai. After that completed CA from the Institute of Chartered Accountants of India in 1985. After completing CA, he told his father his desire to go into the stock market. His father told him that I will not give him money for this work and you will not take any money from your friends also. You earn money and do business with your own money.
Rakesh Junjunwala’s success story
Rakesh started business in the stock market in 1985. First, he invested five thousand and made his first profit in 1986. He bought 5000 shares of Tata company at Rs 43 per share and sold them after three months at Rs 143 per share. Rakesh earned a profit of Rs 2 to 2.5 crores between 1986 and 1989.
After this, he bought four lakh shares of Sesa Starlit company worth one crore rupees. Out of this, 2.5 lakh shares were sold at the rate of Rs 60 to 65 and one lakh other shares at the rate of Rs 150-175. In this investment too, he earned more profit. In the year 2003, Rakesh Ji invested in Titan Company. In which he bought 6 crore shares for Rs 3. Today in 2018 the price of one share is Rs 876. In 2014 his investment in the company was 2100 crores and he was earning 35 lakhs per hour every day.
Rakesh Jhunjhunwala’s lifestyle
Today Rakesh is the chairman of Aptech Limited and Hungama Digital Media Entertainment as well as a part of the board of directors of 11 companies. Rakesh says that when he turns 60, he will donate 25 per cent of his property. Rakesh will be 60 years old on 5th July 2020. Rakesh’s wife’s name is Rekha Jhunjhunwala, with whom he has three children.
