In India, the term “Big Bull” holds great significance in the world of stock markets. It represents a visionary investor who has an optimistic outlook and influences market trends with bold decisions. The title symbolizes confidence, expertise, and success, inspiring countless individuals to explore the potential of investing and wealth creation.
Rakesh Jhunjhunwala, known as the Big Bull of India, was a famous investor and stock trader. He started with Rs.5,000 in 1985 and became one of India’s richest people. Known for his bold stock market predictions, he made huge profits, especially with his investment in Titan Company. His success and optimism earned him the title of “Big Bull.”
Rakesh Jhunjhunwala was born on 5 July 1960 in a Marwari family in Rajasthan. His ancestors hailed from the town of Jhunjhunu. He grew up in Mumbai, where he observed his father, who was an Income Tax officer, discussing stock markets with friends. This sparked his interest in investing.
After completing his graduation from Sydenham College, he pursued Chartered Accountancy at the Institute of Chartered Accountants of India (ICAI).
Rakesh began his journey in the stock market in 1985 with just Rs.5,000. His first big profit came in 1986, amounting to Rs.5 lakh. Between 1986 and 1989, his investments yielded a profit of Rs.20-25 lakh. By 2022, his portfolio had grown to a staggering Rs.11,000 crore.
He managed his investments through his firm Rare Enterprises, a name derived from combining the initials of his and his wife Rekha’s names.
Jhunjhunwala’s largest investment was in Titan Company, worth over Rs.7,000 crore in 2021. Besides investing, he served as chairman or director for several companies, including:
He also co-founded Akasa Air, a low-cost airline, and became its largest stakeholder.
In 2021, Jhunjhunwala faced an investigation for insider trading related to Aptech Computers. The Securities and Exchange Board of India (SEBI) settled the issue after he and his associates paid Rs.35 crore in penalties. Despite this, his reputation as a bold investor remained intact.
Rakesh Jhunjhunwala married Rekha Jhunjhunwala in 1987. The couple had three children-a daughter, Nishtha and twin sons, Aryaman and Aryaveer.
Rakesh Jhunjhunwala passed away on August 14, 2022, due to kidney issues and organ failure. At the time of his death, his net worth was estimated at $5.8 billion. His wife, Rekha Jhunjhunwala, continues to be a significant name in India’s financial world.
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