Lt. Rakesh Jhunjhunwala was a well known Indian investor and trader often referred to as the 'Big Bull' of Indian Stock Markets. Along with his brother Rajesh Jhunjhunwala, he co-founded one of India's largest brokerage firms - Mandovi Financial Services. Rakesh Jhunjhunwala's net worth in rupees is estimated to be approximately 48,000 crores INR.
Meet Rakesh Jhunjhunwala, a successful Indian businessman and investor, known for co-founding Mandovi Financial Services, one of India's major securities brokerage firms. With an estimated net worth of $5.7 billion, let's explore Lt. Rakesh Jhunjhunwala's net worth, his business empire and sources of wealth.
Early Life and Education, Career
Born in 1960, Rakesh did his schooling in Mumbai and graduated from Sydenham College. He died in 2022 Aug 14, at Breach Candy Hospital Trust, Mumbai, India. He lived a happy life of 62 years.
Rakesh Jhunjhunwala's journey began with humble roots. His early years led him to venture into the dynamic world of stock markets.
He started investing in share market when he was still in college with a capital of just Rs. 5,000. His stock sense and risk-taking ability paved the way for his success story. He established Mandovi Financial Services firm in the year 1985 along with his brother.
Rakesh Jhunjhunwala's Net Worth in Rupees:
Rakesh Jhunjhunwala's net worth in rupees is estimated to be approximately 48,000 crores INR. In USD Rakesh Jhunjhunwala's net worth in billions is approximately $5.7 billion.
He has immerged in many successful businesses and investments. His risk taking ability has achieved a significant amount through share market. Let's know more about his successful trading journey and businesses and also his sources of income.
Lt. Rakesh Jhunjhunwala's Sources of Income and Wealth Accumulation
1. Mandovi Financial Services
Established in 1985 along with his brother, Mandovi Financial offers commodity and equity broking services. It has established itself as a leading brokerage house in India over 35+ years. As one of the top stock brokerage firms, it generated billions in brokerage, trading income for Jhunjhunwala.
2. Share Holdings -
Lt. Rakesh Jhunjhunwala's primary source of wealth had been his shareholding and owning stakes in various companies over 4 decades. Some of the major wealth generators are:
- TATA Motors: He holds around 1% holding privately which is worth Rs. 2500+ crore at current market prices.- Star Health Insurance: With 11% stake, gains over Rs 3000 crore after IPO listing last year.
- Metro Brands IPO: Listing gains of over Rs. 1200 crore from 8% pre-IPO shares.
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3. Lt. Rakesh Jhunjhunwala's Other Business Ventures (H3)
Apart from Mandovi Financial, Rajesh Jhunjhunwala has investments in many other sectors through various companies:- Hospitality: Hotel chain Lemon Tree owns and operates over 1000+ rooms across India.
- Real Estate: Akasa Realty builds luxury residential projects in Mumbai, Delhi and Bangalore.
- Private Equity: Sorento Business Solutions makes PE investments in mid-size companies.
- FMCG: Ozone Group produces personal care and home products with a heritage of 80+ years.
Lt. Rakesh Jhunjhunwala's Major Shareholdings
- Tata Motors Ltd. (7.2% stake worth Rs. 26,000 cr)
- Titan Company Ltd.(5.1% stake worth Rs. 8,000 cr)
- Star Health (14.8% stake worth Rs. 7,000 cr)
- Canara Bank (5.2% stake worth Rs. 3,600 cr)
These long term holdings generate significant profits and dividends annually.
Rakesh Jhunjhunwala's Assets and Investments:
Rakesh owned many luxury properties in Mumbai worth thousands of crores. Some other prized assets include:- A private jet for comfortable travel along with a fleet of luxury cars.
- Stakes in prominent hotels like Leela Palace
- Portfolio of global stocks and hedge funds
Rajesh Jhunjhunwala owned many luxury homes across Mumbai, Delhi and worldwide. Some of his other assets include:
- His ₹250 crore sea-facing mansion 'Rajhans' in Malabar Hill, Mumbai.
- Investments in global markets and properties internationally worth billions.
Rakesh Jhunjhunwala's Lifestyle:
Impact and Philanthropy
Lt. Rakesh Jhunjhunwala's family supports many charities focused on healthcare, education and rural development through their RJ Foundation.
Despite his immense success, Lt. Rakesh Jhunjhunwala maintained a low ego. Through his philanthropic Rajesh & Saroj Jhunjhunwala Foundation, he supports:
- Sustainable livelihood projects for farmers and tribals.
He aimed to give back to society, contribute to nation building through smart long term wealth creation and philanthropic interventions.
Finally, With over $5.7 billion net worth, Rakesh Jhunjhunwala was respected as the pioneer of value investing in India. His stock success highlights the potential in domestic markets for those with courage and patience.
Conclusion
With over 4 decades of successful stock market investing, smart company picks and creating value through his entrepreneurial ventures, Lt. Rakesh Jhunjhunwala has become one of India's most respected billionaires. He is an idol for the new youngsters who want to make career in share market. Rakesh Jhunjhunwala's net worth of well over ₹48000 crore, has made an impact through both business and philanthropy in India and abroad.
1.What is Rakesh Jhunjhunwala's net worth in dollars?
A. Rakesh Jhunjhunwala's net worth in dollars is $ 5.7 billions.
2. What is Rakesh Jhunjhunwala's net worth in rupees?
A. Rakesh Jhunjhunwala's net worth in rupees is approximately ₹48000 crores.
3. Who is called as Warren Buffett of India?
A. Lt. Rakesh Jhunjhunwala is called as a Warren Buffett of India.
4. Who is called as a "Big Bull" in the Indian share market?
A. In past years Lt. Rakesh Jhunjhunwala was known as a" Big Bull" in the Indian share market. Now currently Mr. Radhakrishnan Damani is called as a"Big Bull" in India.
5. What is the net worth of Rakesh Jhunjhunwala in rupees?
A. Rakesh Jhunjhunwala's net worth is estimated well over ₹48000 crore in rupees.
6. Which is the biggest stock investment of Rakesh Jhunjhunwala?
A. Titan Company Ltd. is the biggest stock investment and holding of Rakesh Jhunjhunwala.
Sources and References-
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