Rakesh Jhunjhunwala

Early Life: Rakesh Jhunjhunwala was born on 5 July 1960 in Mumbai, India, into a middle-class family. His father was an Income Tax Officer, which exposed him to finance and stock markets at an early age.

Education: He completed his Bachelor’s degree in Commerce from Sydenham College of Commerce and Economics, Mumbai. He later pursued Chartered Accountancy (CA) from the Institute of Chartered Accountants of India (ICAI). Despite his CA qualification, he chose to build a career in stock market investing, where he achieved legendary success.

Net Worth and Assets: At the time of his passing in August 2022, Rakesh Jhunjhunwala had an estimated net worth of Rs. 47,000 cr, making him one of India’s richest investors. His wealth came primarily from stock market investments, with major holdings in companies like Titan, Tata Motors, Star Health, and Crisil. He also had real estate investments, including a luxurious 8300 sq. ft. home in Mumbai, and a fleet of high-end cars. Additionally, he co-founded Akasa Air, India’s new low-cost airline.

Business Ventures: Rakesh Jhunjhunwala co-founded Akasa Air, a low-cost airline aiming to make air travel more accessible. He managed his investments through RARE Enterprises, his private firm handling stocks, real estate, and private equity. He was on the board of Aptech, Hungama Digital, and Viceroy Hotels, influencing key business decisions. His ventures extended to education, healthcare, and philanthropy, reflecting his commitment to social causes. His strategic vision made him a key player in India’s investment and business landscape.

Key Investments: Rakesh Jhunjhunwala’s biggest investment was in Titan Company, which played a key role in his wealth growth. He held significant stakes in Tata Motors, Star Health, and Crisil, diversifying across automobiles, insurance, and finance. His portfolio also included pharma and healthcare stocks like Lupin and Fortis Healthcare. He focused on companies with strong fundamentals, long-term potential, and market leadership, making him one of India's most successful investors.

Known as India’s Big Bull, he left a lasting impact on the Indian stock market. His book, “The Big Bull of Dalal Street,” details his journey. He supported education and healthcare through philanthropy. His market insights influenced many investors and business leaders.

Investment Philosophy: Rakesh Jhunjhunwala, often called the "Big Bull" of India, built his investment philosophy on several key principles: long-term perspective, identifying undervalued companies, patience and persistence, adaptability, and for market uncertainty.

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Married