India’s Big Investor Rakesh Jhunjhunwala
Rakesh Jhunjhunwala had $5.8B economy as per 2022 Billionaires Net Worth till 4 May, 2022. Investor with a Midas touch, Rakesh Jhunjhunwala, who passed away in August 2022, was often referred to as India’s Warren Buffett. Son of an income tax officer, Jhunjhunwala started dabbling in stocks while still in college. He began investing with $100 …
Rakesh Jhunjhunwala had $5.8B economy as per 2022 Billionaires Net Worth till 4 May, 2022.
- Investor with a Midas touch, Rakesh Jhunjhunwala, who passed away in August 2022, was often referred to as India’s Warren Buffett.
- Son of an income tax officer, Jhunjhunwala started dabbling in stocks while still in college.
- He began investing with $100 in 1985 when the Bombay Stock Exchange Index was at 150; it now trades over 50,000.
- The most valuable listed holding in his portfolio at the time of his death was watch and jewellery maker Titan, part of the Tata conglomerate.
- Jhunjhunwala’s early bets on Star Health and Allied Insurance and Metro Brands paid off when both companies listed in 2021.
Source: Forbes
