When we talk about stock market investors, we can’t complete it without discussing about Rakesh Jhunjhunwala. He has inspired thousands of people through his journey of life. Today each of us who is an investor wants to know about him and to learn from him. He was declared ‘Pin up boy of the current bull run‘ by the magazine India Today and ‘Pied Piper of Indian Bourses‘ by the Economic Times.
In 2005, the world famous magazine Forbes rated him 56th richest person in India and 1011th in the world. In 2007, he got 51th rank in the list of richest persons in India and 1062th rank in the world with the networth of 1.1 billion dollar. In a latest update, he has got 42th rank in India in 2016.
Rakesh jhunjhunwala was born on 5 July 1960 in Mumbai where his father was an income tax officer. It means that Rakesh got financial education from his early childhood.
Education & Career-
Rakesh completed B. Com. from Sydenham College and then, he joined ICAI(Institute of Chartered Accountants of India) to become a chartered accountant.
After the completion of the course of CA in 1985, he decided to become a stock market investor. However, his mother was not satisfied with his decision to take investment as career because it was too risky in her eyes.
Marriage & Children-
Rekha jhunjhunwala is Rakesh’s wife. So, he named his firm ‘Rare(Rakesh + Rekha) Enterprises’. He has three children.He lives at Malabar hill with his family.
Rakesh Jhunjhunwala started investing in stocks with merely 5000/- in his hands when BSE Sensex was at 150.
RJ manages his daily expenditures and requirements by the income from dividends.
From childhood Rakesh has interest in horses. He spends some time and money on them.
Film making is another passion that Rakesh has. He has produced two hit movies till 2015. One is Sridevi starer ‘English Vinglish’ in 2012 and the other is Amitabh Bachchan & Dhanush starer ‘Shamitabh’ in 2015.
Rakesh also takes interest in writing books and articles in different magazines on investing.
He is a foody also. He likes street foods. His favorite dishes are Chinese foods, Idli Dosa. He also likes to cook Paw-Bhaji at home with his wife.
Rakesh also knows his social responsibilities. He donates 25% of his income from dividends to charity.