Title: Rakesh Jhunjhunwala Biography – The Big Bull of India’s Stock Market
🧍♂️ Who Was Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala, often called the “Warren Buffett of India,” was an iconic Indian investor, stock trader, and billionaire. Born on 5 July 1960 and passed away on 14 August 2022, he played a pivotal role in shaping India’s equity market with his bold investments and sharp analysis.
He was not just an investor but also a chartered accountant, a philanthropist, and the co-founder of Akasa Air, India’s newest budget airline.
🏡 Early Life and Education
Born: 5 July 1960 in Mumbai, Maharashtra
Father’s Profession: Income tax officer
Education: B.Com from Sydenham College, Mumbai
Chartered Accountancy: Completed in 1985
From a young age, Rakesh showed interest in the stock market. Inspired by his father’s financial discussions, he began exploring stock trends and financial news. His formal entry into stock trading happened right after becoming a CA.
💼 Career & Journey in the Stock Market
Rakesh Jhunjhunwala started investing with just ₹5,000 in 1985. By the early 1990s, he had made his first big profits. His ability to spot undervalued stocks early made him famous.
🧩 Key Highlights:
Turned ₹5,000 into ₹11,000 crores+ over a few decades.
Famous for multi-bagger investments in stocks like Titan, Crisil, Lupin, and Aurobindo Pharma.
Founded his asset management firm RARE Enterprises (named from his initials and his wife’s: Rakesh + Rekha).
His high-conviction long-term investing approach with a mix of short-term trading made him a unique figure in the Indian stock ecosystem.
📈 Investment Philosophy
Rakesh was influenced by Warren Buffett but always maintained his independent Indian approach. His key principles were:
Invest in growth with patience
Be greedy when others are fearful
Track business fundamentals, not market noise
Diversify wisely, but hold high-conviction stocks for the long term
✈️ Akasa Air – A Dream Project
In 2021, despite his health challenges, Rakesh Jhunjhunwala backed a bold venture – Akasa Air. With a $35 million investment, he co-founded the ultra-low-cost airline to democratize air travel in India.
Akasa Air started operations in August 2022, shortly before his death. It was his dream to serve the growing middle-class traveler base in India.
💰 Rakesh Jhunjhunwala Net Worth (2022)
At the time of his death in August 2022, Rakesh Jhunjhunwala’s estimated net worth was:
> 💵 Over $5.8 Billion (approx. ₹46,000 Crore INR)
He was India’s 36th richest person according to Forbes 2022 rankings.
❤️ Personal Life
Wife: Rekha Jhunjhunwala (also an investor)
Children: 3
Known for living a modest life despite his wealth
Passionate about Bollywood, food, and conversations
🙌 Philanthropy
Rakesh believed in “giving back to society.” He pledged a significant part of his wealth to charitable causes and actively donated to:
Health and medical care
Education and skill development
Support for the underprivileged
⚰️ Death and Legacy
Rakesh Jhunjhunwala passed away on 14 August 2022 due to cardiac arrest, but his legacy lives on. He transformed how Indians perceive stock markets and inspired countless young investors with his journey.
His family continues to manage his holdings through RARE Enterprises.
🧠 Inspirational Lessons for Aspiring Investors
Start small, think big
Keep learning and stay curious
Never panic in tough times
Research before investing
Invest with conviction and patience
📌 Final Thoughts
Rakesh Jhunjhunwala’s story is not just about wealth. It’s about vision, risk-taking, belief in India’s growth, and the power of long-term investing. From ₹5,000 to billionaire – he proved that ordinary people can achieve extraordinary success with discipline and strategy.
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📢 Disclaimer:
This article is for informational purposes only. The financial data and details are based on publicly available sources as of 2022. Please verify current net worth or holdings from reliable sources if needed.