Late investor Rakesh Jhunjhunwala has often been called the Big Bull of the Indian Stock Market and Warren Buffet of India. It is not without reason either. Jhunjhunwala will continue to be counted in the first row of such people, who not only earned bumpers in the stock market, but also changed the fortunes of many along with themselves.
He was the owner of so much wealth at the time of his death.
Jhunjhunwala passed away on August 14 last year. At the time of his death, he had a wealth of more than 5.8 billion dollars i.e. 46 thousand crore rupees and according to Forbes, he was the 48th richest person in India at that time. The interesting thing is that in this huge wealth of Rakesh Jhunjhunwala, the share of earnings from the stock market is almost 100 percent.
Company started after death
In recent years, he had started expanding his foothold outside the stock market as well. For example, Jhunjhunwala had also invested in the new airline Akasa Air, which started last year, and was eagerly waiting for it to start operations. However, he could not see his airline take off. Jhunjhunwala passed away before the operations started and now his wife Rekha Jhunjhunwala is managing his portfolio.
Started in 25 years
Jhunjhunwala’s journey in the stock market started with just Rs 5000. At that time he was just 25 years old and he was studying in college. In the year 1985, he made his first investment in the stock market by borrowing. At that time BSE Sensex used to be only around 150 points, which has now crossed 60 thousand points.
This stock gave first success
Jhunjhunwala’s success story has a deep connection with Tata. He also had his first success in the stock market with Tata. In the year 1986, he bought 5000 shares of Tata Tea. He had bought these shares at Rs.43. Its price became Rs 143 in 3 months. In this way, in just 3 months, he had earned a profit of lakhs.
Deep connection with Tata shares
At the time of Rakesh Jhunjhunwala’s death, the two most valuable stocks in his portfolio were Titan and Star Health and Allied Insurance. Rakesh Jhunjhunwala and his wife held 5.05 per cent stake in Titan. At the same time, Rakesh Jhunjhunwala had 17.5 per cent stake in Star Health. Titan has a big role in making Rakesh Jhunjhunwala a billionaire.
There was trust on these shares as well
Apart from these, Aptech Limited, Metro Brands, Nazara Technologies, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods and Tata Motors were also Rakesh Jhunjhunwala’s favorite stocks. He always advised the stock market investors to aim for the long term. Along with this, he always emphasized on one more thing that success is not a permanent thing.
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