Rakesh Junjunwala, an investor under the onslaught of Midas, is often referred to as India’s own Warren Buffett. He is a trader and a certified accountant. According to Forbes’ Rich List, he is the 48th wealthiest man in the country. He is president of Hungama Media and Aptech and a member of the board of directors of companies such as Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services.
How Rakesh Junjunwala became a big name on Dalal Street
Junjunwara has begun to enter the stock market since college. He enrolled in the Chartered Accountant Association of India, but after earning his degree he decided to head in the direction of Daral Street. In 1985, Junjunwara invested 5,000 rupees as capital. By September 2018, his capital had grown to Rs 11 billion.
Junjun Wallace became interested in his stock market after hearing his father discussing with his friends. Junjunwala mentioned his father, saying that it was the news that shook the stock market, so his father told him to read the newspaper on a regular basis. Her father allowed her to enter the stock market, but refused to give her financial assistance and prohibited her from demanding money from her friends.
However, Junjunwara was a risk taker from the beginning. He borrowed money from his brother’s client and promised to return the capital with a higher return compared to fixed bank deposits.
He bought 5,000 shares of Tatati for Rs 43 in 1986 and made his first big profit when it rose to Rs 143 in three months. He made a profit more than three times. In three years he earned 200-250,000 rupees.
Over the years, Junjunwara has successfully invested in Titan, Crisil, Sesagoa, Prazi Industries, Aurobind Pharma and NCC.
After the global recession of 2008, his share price fell 30%, but eventually recovered from the loss in 2012.
Rakesh Junjunwala’s private life and education
Junjunwara was born on July 5, 1960. He grew up in Mumbai and his father was stationed as an income tax officer. After graduating from Sydenham College in 1985, he enrolled in the Institute of Chartered Accountants of India. He is married to equity investor Lekar Jung Junwara.
Investments by Jhunjhunwala
Jhunjhunwala runs a privately held stock trading company called RARE Enterprises. He has invested in Titan, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences and more.
How Much Does Rakesh Jhunjhunwalas Make?
Junjunwala is India’s 48th wealthiest man with a net worth of $ 3 billion. Charity
His philanthropic portfolio includes nutrition and education. By 2020, Junjunwala plans to donate 25% of his wealth to charity. He contributes to St. Jude, which operates shelters for children with cancer, the Agastya International Foundation, and Arpent, an organization that helps children become aware of sexual exploitation. He also supports the University of Ashoka, the Friends of Tribals Society, and the Olympic Gold Quest. He is building an eye hospital in Navi Mumbai and he will perform 15,000 eye surgeries free of charge.
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