Rakesh Jhunjhunwala is a chartered accountant and an Indian billionaire stock market investor, trader, and businessman. He is known as the Big Bull of the Indian Market and India’s Warren Buffet. He is also known as the Stock Market’s Phoenix and the Emperor of Dalal Street. Rakesh Jhunjhunwala began his career in the stock market with just Rs 5000. Rakesh Jhunjhunwala achieved his first significant profit when he purchased Tata Tea shares for Rs 43 and sold them for Rs 143. In addition, he made investments in Bata, Sesa Goa, Apollo Hospitals, and Bharat Electronics. Here are some of the best unknown and interesting facts about Rakesh Jhunjhunwala.
1. Business Interests
Rakesh is a well-known entrepreneur with interests in the stock market, film production, trade, and investing.
2. Warren Buffet of India
He is widely known and accepted as the Warren Buffet of India due to his excellent analyst skills and knowledge of the Indian stock market.
3. Donate $1 Billion or 25% of Income
He gives away 25% of his earnings to charity. In 2020, he had contributed a billion dollars or 25% of his fortune, whichever is smaller, to charity.
4. English Vinghlish
Rakesh Jhunjhunwala is well-known for his love of Bollywood films. He has one successful film under his belt, English Vinghlish.
5. Foodie in nature
Rakesh Jhunjhunwala is a natural foodie who enjoys watching cooking shows. He enjoys Chinese cuisine and street dosa. According to the storey, he was discovered with a horse and has a lot of them.
6. Hourly Rs 35 lakh in stock market
Rakesh Jhunjhunwala’s net worth was increasing at a rate of roughly Rs 60 crore per week and Rs 240 crore per month. If we strip it down even further, he made roughly Rs 35 lakh every hour in the stock market. Every hour, this money would be sufficient to purchase an Audi or BMW sedan.
7. Made Thousands of Crores in 30 Years
Rakesh Jhunjhunwala has generated Rs. 5000 crore from a Rs. 5000 investment within only 30 years.