What Happened To Rakesh Jhunjhunwala? Rakesh Jhunjhunwala Bio, Age, Family, Health, And Net Worth

What Happened To Rakesh Jhunjhunwala - Rakesh JhunJhunwala is an Indian billionaire businessman, investor and stockholder. Many are eager to know What Happened To Rakesh Jhunjhunwala. So in this article, we’ll see What Happened To Rakesh Jhunjhunwala and get to know more about Rakesh Jhunjhunwala.

by J Divya | Updated Aug 10, 2022

Source: Twitter

Rakesh Jhunjhunwala

Rakesh Jhunjhunwala is a billionaire Indian businessman, stock trader, and investor. As a partner in his asset management business, Rare Enterprises, he controls his own portfolio. Jhunjhunwala grew up in Bombay in a Rajasthani household, where his father worked as an Income Tax Commissioner. His surname implies that his forefathers were from the Rajasthan town of Jhunjhunu. He attended Sydenham College before enrolling in the Institute of Chartered Accountants of India.

What Happened To Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala is bullish on local stock markets, despite the fact that Dalal Street, like its global brethren, is facing several challenges. Although he remains a supporter of Indian markets, he predicts that Dalal Street will expand at a slower pace. With his new firm Akasa Air, the big bull has solidified his position as a believer in India's growth narrative.

When it comes to investing in India, the ace investor is one of the most outspoken advocates. Rakesh Jhunjhunwala stated that PSU banks are his bet for future growth when asked about areas he feels would do well. Jhunjhunwala explained his reasoning behind the move, saying that he believes credit would rise, resulting in an increase in bank pricing power.

He also detailed his bet on the aviation business, predicting that India will require 2.5 times the number of planes it now has as passengers increase from 14 crore to 40 crore in the next four years, as predicted by the Civil Aviation Minister. Rakesh Jhunjhunwala believes that as India's earnings rise, discretionary expenditure would rise as well, assisting in the sector's growth. Rakesh Jhunjhunwala also categorized his airline as frugal rather than low-cost.

He has lost 18 kgs and became non-diabetic after being bed-ridden for 18 months.

Rakesh Jhunjhunwala Biography

Name	Rakesh Jhunjhunwala
Full Name	Rakesh Jhunjhunwala
Profession	Investor
Age	62
Date of Birth	5 July 1960
Birthplace	Hyderabad, Telangana, India
Nationality	Indian
Education	Sydenham College of Commerce and Economics, Bombay The Institute of Chartered Accountants of India
Parents	NA
Marital Status	Married
Wife	Rekha Jhunjhunwala
Kids	3
Net Worth	$5.6 billion

Rakesh Jhunjhunwala Age

Rakesh Jhunjhunwala, 62, was born on July 5, 1960, in a Rajasthani family and spent most of his childhood in Mumbai (then Bombay). Jhunjhunwala has been interested in the stock market when he first heard his father discussing it with his friends. Although his father advised him on the stock market, he never gave him any money to invest in it. However, Rakesh did not stop there and began trading in financial markets shortly after beginning college. In 1985, he invested his savings of 5000 rupees, which resulted in a spectacular return of INR 11,000 crores today.

Rakesh Jhunjhunwala Family

His surname implies that his forefathers were born in Rajasthan's Jhunjhunu area. Rakesh Jhunjhunwala's father was an Income Tax Commissioner. He attended Sydenham College before enrolling in the Institute of Chartered Accountants of India. Jhunjhunwala is married to Rekha Jhunjunwala, who is also an investor in the stock market. He has three kids.

Rakesh Jhunjhunwala Net Worth

According to Forbes, Rakesh Jhunjhunwala’s net worth is estimated to be around $5.6 billion making him the 36th richest man in India. Rakesh Jhunjhunwala, an investor with a Midas touch, is frequently referred to be India's Warren Buffett. He started investing with $100 in 1985, when the Bombay Stock Exchange Index was 150; it currently trades at more than 60,000. Titan, a watch and jewelry company owned by the Tata group, is his most valuable listed stake. Jhunjhunwala's early investments in Star Health and Allied Insurance and Metro Brands were rewarded when both firms went public in 2021.

The 14-story Rakesh Jhunjhunwala home is currently under construction on BG Kher Marg in Malabar Hills. Previously, Rakesh and his wife Rekha Jhunjhunwala paid Rs 371 crore for 14 flats at this site. These flats are being destroyed to make space for the building of a new house. A 57-metre-high building is poised to rise in a 2,700-square-foot space.

Rakesh Jhunjhunwala Health

Jhunjhunwala had an episode of Covid and had dropped 18 kgs after being bed-ridden for 18 months. Though he appeared to be recuperating well, his latest interview drew a lot of attention from his followers, who would rather that he rest and recuperate. Rakesh Jhunjhunwala has lately entered the aviation sector with 'Akasa Airlines.'

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What Happened To Rakesh Jhunjhunwala - FAQs

1. Is Rakesh Jhunjhunwala still holding Tata Motors?

The latest shareholding pattern suggests Jhunjhunwala holds 3.625 crore shares or 1.09 per cent stake in the company as of June 2022 end. The 'Big Bull', who owned a 1.18 per cent stake in Tata Motors in the March quarter, reduced his stake by 0.09 per cent by selling 30 lakh shares last quarter.

2. What disease does Rakesh Jhunjhunwala have?

He had very high diabetes, which had affected his feet, probably a case of diabetic neuropathy. He was also infected with Covid-19, complicating his health situation.

3. Where is Rakesh Jhunjhunwala investing now?

Titan Company Ltd is the biggest investment in Rakesh Jhunjhunwala's stock portfolio. The total value of Titan shares in his portfolio is worth a colossal Rs 8,685 crore as on June 17, 2022.

4. Is Rakesh Jhunjhunwala still holding Titan?

Rakesh Radheshyam Jhunjhunwala (3.98 per cent) and Rekha Rakesh Jhunjhunwala (1.07 per cent) collectively held 5.05 per cent stake in Titan Company at the end of March 2022 quarter, the shareholding pattern data shows.

5. Who is the richest stock broker in India?

Rakesh Jhunjhunwala is an Indian billionaire business magnate, stock trader and investor. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises.