Rakesh Jhunjhunwala is called the “Big Bull” of the Indian stock market and “Warren Buffet of India”. This reflects his earnings and his recognition in the stock market under his leadership. Jhunjhunwala has inspired people who have not only made huge profits in the stock market but have also changed their own and many others’ fortunes. Jhunjhunwala died on August 14 last year. At the time of his death, his wealth was approximately 5.8 billion dollars, i.e. more than Rs 46 thousand crores. According to Forbes, he was the 48th richest person in India at that time. The share of earnings from the stock market in his huge wealth was almost 100 percent. That means he has earned almost his entire income from the stock market.
Started investment from Rs 5000
Rakesh Jhunjhunwala’s journey in the stock market started with just Rs 5000, when he was only 25 years old and was studying in college. In 1985, he made his first investment in the stock market by taking loan. At that time BSE Sensex was only around 150 points, which has now crossed 70,000 points.
Three times profit in three months
Tata has a deep connection in the success story of Rakesh Jhunjhunwala. His first success was also associated with Tata. In 1986, he bought 5000 shares of Tata Tea, which he bought at Rs 43 per share. At that time it came under the category of penny stock. In just 3 months, their price had increased to Rs 143 per share, due to which they had earned huge profits in just 3 months.
At the time of Rakesh Jhunjhunwala’s death, the two most valuable stocks in his portfolio were – Titan and Star Health And Allied Insurance. Rakesh Jhunjhunwala and his wife held 5.05% stake in Titan and 17.5% stake in Star Health. Titan has played a big role in making Rakesh Jhunjhunwala a billionaire.