How much did Big Bull Rakesh Jhunjhunwala earned through stock market?
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How much did Big Bull Rakesh Jhunjhunwala earned through stock market?
As per the news channels, the net worth of Big Bull Rakesh Jhunjhunwala is Rs. 45000 crores.
Few stocks from his portfolio are
No one will know the net worth of anyone in the stock market including that person. The net worth changes on a day to day basis.
According to the data on Wikipedia, the current net worth of the Indian Big Bull Rakesh Jhunjhunwala is around 6 Billion US Dollar.
Which is around 44 to 45k crore INR.
Net Worth of Rakesh Jhunjhunwala: Dalal Street Moghul Soars High
Trader & Chartered Accountant Makes a Dent in Share Businesses
Forbes has listed Mr. Rakesh Jhunjhunwala, as the 48th richest man in the country. The man has achieved several accolades and heads Hungama Media and Aptech.
He holds the position of director in firms such as Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services. He is a qualified Chartered Accountant and a trader in the Indian/Global stock markets.
Net Worth of Rakesh Jhunjhunwala
Way back in 1985, Jhunjhunwala took a soft loan from his father and invested INR 5000.00 as capital, and in less than 33 years, by 2018 his capital inflated to INR 11,000 crores.
His parents declined to support him with a huge sum of investments as capital and hence to grow faster in life, Mr. Rakesh began to take loans from his brother’s friends at an interest rate higher than banks then.
Booking profits on a larger scale began in 1986, it was from Tata Tea. Instantly, bought 5000 shares worth INR 43.00 which rose to INR 143.00 in a span of 3 months. Likewise, his asset value grew rapidly by 20 to 25 lakhs.
Important stocks held by Jhunjhunwala successfully are
Rakesh Jhunjhunwala: Backed Companies Makes Progress
Akasa, an Indian airline backed by billionaire Rakesh Jhunjhunwala, attempts to grant company shares to a bigger pool of top employees.
Keeping in view, the current pandemic situation where many top pilots and technologists lost their jobs.
Here is a way, the company plans to tightly knit in values of employees of diverse experiences, gender, and different demographics within India. Akasa Air may take off in mid-May or June this year in 2022 says CEO, Mr. Vinay Dube.
Titan is just another company that has soared its stock value by 30 percent this year. Rakesh & his wife, hold a stock of about 5.0 percent in the Titan company. Here is some interesting news, Rakesh Jhunjhunwala-owned Titan hits a record high and zooms @30 percent in six months.
It was noticed that on January 07, 2022, during intra-day trading, the Titan hit a record high of INR 2,718.65 and rallied 5% on the Bombay Stock Exchange, BSE. It did surpass its previous high of INR 2,687.30.
Philanthropic Works: Empowering Education, Healthcare
Forbes has listed 15 top Altruistic Philanthropic in the Asia Pacific and interestingly a stock business expert’s presence is found among them. Yes, India’s Billionaire Rakesh Jhunjhunwala, is into stock markets businesses.
Having earned billions, and currently 160 crores ( USD) of property in his coffers, the gentleman plans to spend much of his earnings on philanthropic activities. Very recently, in a press release, Mr. Rakesh spoke, to donate $750 million within his lifetime.
He has already pumped in millions to support the basic need of education and healthcare through an initiated foundation. Cataract and eye care treatments are a costly affair and to support the underprivileged communities, he plans to open a new eye hospital near Mumbai, next year.
In fact, to facilitate the activity, he has donated more than $ 7.5 million to nurture the eye care hospital. To provide a high-quality education to the younger generations, a university of international standards is yet to come up, known to be Ashoka University.
He promises to fund $17 million by the end of 2022. Besides it, every year, Mr. Rakesh donated $1 million to the Agastya International Foundation. It actively functions in nurturing science education in the rural poor.