How did Rakesh Jhunjhunwala start?
Rakesh Jhunjhunwala was a businessman, stock trader, and investor from India. He became a billionaire on July 5, 1960, and died on August 14, 2022. He began investing $5,000 in 1985 and experienced his first major return the following year. He was valued at $5.8 billion when he died, making him the 438th wealthiest…
Rakesh Jhunjhunwala was a businessman, stock trader, and investor from India. He became a billionaire on July 5, 1960, and died on August 14, 2022. He began investing $5,000 in 1985 and experienced his first major return the following year.
He was valued at $5.8 billion when he died, making him the 438th wealthiest person on the planet. He was a partner at Rare Enterprises, the asset management firm he co-founded.
How did Rakesh Jhunjhunwala start?
Rakesh Jhunjhunwala got his start in the stock market shortly after completing his chartered accounting studies in his native state of Rajasthan. These days, he runs the show as CEO of RARE Enterprises, a stock trading business. Forbes estimates that his wealth was over $6 billion.
He borrowed money to purchase 5,000 shares of Tata Tea on the belief that the stock market was undervaluing the company’s potential for growth at a period of higher yield output. This agreement netted him his first sizable payment. In only a few short months, his initial investment had tripled in value.
