Have you ever invested in the stock market? Are you still dependent on Fixed Deposit? If your answer is yes then your money will never grow and you will have to work like a donkey for the rest of your life.
Well, tell me how much the bank gives you in fixed deposits. I think 5 to 6 percent. But, if you invest this money in the stock market. Then you get a return of more than 20% to 100%.
You will probably be surprised to know that more than 50% of the people in America invest in the stock market. But, hardly 10% of the people in India invest in stocks or mutual funds. Perhaps, the reason for this is that the middle-class people in our country consider it a gamble.
But, a person from this middle-class family took the risk and proved that if you invest after doing full research in the stock market. Then you are sure to win. Share market is gambling for those who do not know how to invest in it. They jump into this blind well with half-baked information. Takes damage.
Share market risk is when you want to earn money in a short time without any knowledge. If you do good research and invest money for the long term i.e. more than a year, then you can earn good money, just like Rakesh Jhunjhunwala.
India's Warren Buffett is called Mr. Rakesh Jhunjhunwala's net worth is Rs 19000 crores. Who is this person and how did he earn so much? Come let's know
Who is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala, who is called the Big Bull of the Stock Market, was born on 5 July 1960 in the city of Hyderabad, India. His father Mr. Radheyshyamji Jhunjhunwala was the Income Tax Commissioner in Mumbai and used to invest in the stock market along with the job. His mother Mrs. Urmilla Jhunjhunwala was a duodenum. His wife (Spouse) Mrs. Rekha Jhunjhunwala is also a stock investor.
Rakesh Jhunjhunwala Wiki
Name : Mr. Rakesh Jhunjhunwala
Date of Birth : 5 July 1960
Birth Place : Hyderabad, Telangana, India
Age : 60 years
Father's Name : Mr. Radheyshyamji Jhunjhunwala
Mother's Name : Mrs. Urmilla Jhunjhunwala
Spouse : Mrs. Rekha Jhunjhunwala
Sibling Brother: Rajesh Jhunjhunwala
Sister: Sudha Gupta and Neena Sanganeria
Rakesh Jhunjhunwala Children Son: Aryman and Aryaveer Jhunjhunwala
Daughter: Nishtha Jhunjhunwala
Education : B.Com, Chartered Accountant
College Sydenham College of Commerce and Economics
The University of Chartered Accountant of India
Nationality : Indian
Profession : Investor, Trader, and Businessman
Mentor : Radhakishan Damani
Also Known as “Big Bull” and “The Warren Buffett of India”
Net Worth 4.3 Billion Dollars (In Indian More than 19000 Crores Rupees)
Residence : Malabar Hill, Mumbai
Jhunjhunwala's family consists of one brother (Rajesh Jhunjhunwala) and two sisters (Sudha Gupta and Neena Sanganeria). They have two sons (Aryaman Jhunjhunwala and Aryaveer Jhunjhunwala) and a daughter (Nishtha Jhunjhunwala).
Rakesh Jhunjhunwala did B.Com from Sydenham College of Commerce and Economics and completed Chartered Accountant course from Institute of Chartered Accountant of India.
Radhakishan Damani ji is his guru. Damani ji is such a person who brought the concept of Demat.
Success Story of Rakesh Jhunjhunwala
When he was 9 years old, he used to hear his father talking about the stock market with friends that today the share price is big and today the share price has decreased. Once he asked his father why this happens, then his father asked him to read the newspaper. That day Mr. Jhunjhunwala started reading the newspaper.
Rakesh Jhunjhunwala started his first investment with Rs 5000, that too by borrowing from friends and promising them that he would give good return from fixed deposit.
Rakesh Jhunjhunwala is such a person who made an empire by investing only 5000 rupees.
He bought his first share of Tata Company, which gave him 3 times return in short term. At the same time he had understood that the best way to earn money is short-term trading. Some people consider trading and investment the same. But, according to Jhunjhunwala, both are different.
Jhunjhunwala reinvested the profit from this and also found some clients who gave about 10 lakh rupees to Jhunjhunwala for investment, in return Jhunjhunwala promised a return of 18% to those people.
At this time he invested these money in companies like Tata Tea, Bharat Electronics, Bata and Sesa Goa and made very good profit.
Jhunjhunwala's best investment was of Titan, whose share he bought for Rs 3, and today the price of that share is Rs 1500.
Mr. According to Rakesh, the stock market is a work of patience. If you are greedy i.e. want to earn money in less time then your chances of loss are more. Patience was proved by him during the recession of 2008. He was the only person who had full faith that the market would rise again and the same thing happened.
Rakesh Jhunjhunwala Company
Rakesh Jhunjhunwala has his own private firm of stock trading, whose name is RARE Enterprises. He is also the chairman of Hungama Digital Media Entertainment Private Limited. Apart from this, movies like English Vinglish, Ki & Ka and Shamitabh have been produced.
He is a board member of many big companies like prime focus limited, Praj Industries, Concord Biotech, Geojit BNP Paribas Financial Service etc.
Rakesh Jhunjhunwala Books
A book has been written by Angela Momandian on Rakesh Jhunjhunwala, named: The Indian Dream. From this book you get information about how you can become a millionaire from a roadpati. If you want to become a billionaire, you have to take knowledge. Rakesh Jhunjhunwala always says that “You can never make money with the knowledge of borrowing”.
Net Worth of Rakesh Jhunjhunwala
Mr. Jhunjhunwala has invested in 37 stocks, which are worth Rs 19000 crores.
Hope you have got all the information related to Big Bull in this article. But, still you have any other query then you can email or write in comment box.