Rakesh Jhunjhunwala 62nd Birthday: Rs 5000 made 39,500 crore in 36 years! Big Bull decided the journey of success like this CB News

As per the latest corporate shareholding, Rakesh Jhunjhunwala and Associates holds 33 stocks in the public domain, valued at over Rs 25,842.3 crore.

Happy Birthday Rakesh Jhunjhunwala: Big Bull Rakesh Jhunjhunwala is celebrating his 62nd birthday today, 5th July 2022. Rakesh Jhunjhunwala, who is called the Warren Buffett of India, was born in a middle class family. His father was a tax officer. He started trading in the stock market in 1985 at the time of his college studies. At that time the BSE Sensex was around 150 points and he started investing with Rs 5,000.

According to Forbes, Rakesh Jhunjhunwala’s net worth has increased to $5 billion (Rs 39,527 crore) as of July 5, 2022. A year ago, his wealth was $ 4.6 billion (Rs 34,387 crore), which means it has increased by 15 percent. Rakesh Jhunjhunwala’s first big win was Tata Tea, where he made a profit of Rs 5 lakh in 1986. He had bought 5,000 shares of Tata Tea at a price of Rs 43, which increased to Rs 143 within just three months.

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Portfolio has 33 stocks worth more than 25,000 crores

As per the latest corporate shareholding, Rakesh Jhunjhunwala and Associates holds 33 stocks in the public domain, valued at over Rs 25,842.3 crore. According to Trendline, these include stocks like Titan Company, Tata Motors, Star Health and Allied Insurance Company, Metro Brands, Fortis Healthcare, Nazra Technologies, Federal Bank, Delta Corp, DB Realty and Tata Communications. His most valuable listed holding is watch and jewelry maker Titan, which is valued at Rs 8,830.9 crore. It is followed by Star Health and Allied Insurance Company with Rs 4,957.1 crore and Metro Brands with Rs 2,391.3 crore.

Rakesh Jhunjhunwala’s Journey from Beer to Big Bull

In the days of Harshad Mehta, Rakesh Jhunjhunwala was called Beer. In a video interview, Big Bull admitted that he was part of the Bear Cartel during the Harshad Mehta scam 1992. He said that at that time he used to do a lot of short selling and earn profit. Established cartels dominated the Indian stock market in the 1990s. One such beer cartel was headed by Manu Manek, which is known as Black Cobra. Journalist Sucheta Dalal exposed the 1992 Harshad Mehta scam, after which the stock market crashed.

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Rare Enterprises: Rakesh from ‘Ra’ and Rekha from ‘Ray’

In 1987, Rakesh Rakesh Jhunjhunwala married Rekha Jhunjhunwala, who is also a stock market investor. In 2003, Rakesh Jhunjhunwala started his own stock trading firm Rare Enterprises, which he named after himself and his wife’s initials.

Big Bull’s Akasa Air will soon fly

Big Bull has entered the aviation market with Akasa Airlines. It took delivery of its first Boeing 737 MAX aircraft in India on 21 June. The company plans to conduct test flights this week. After this, he will get an air operator permit to start commercial operations. Akasa Air can fly by the end of this month.

(Surbhi Jain)

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