Rakesh Jhunjhunwala Success Story | Rakesh Jhunjhunwala Net Worth:
Rakesh Jhunjhunwala converted 5000 rupees into 34000 crores in just thirty years. You can calculate at what speed they made money. He started his career when there was a computer or software at that time. And the price of the first day also used to be found on the second day.
Companies used to present their balance sheets once a year. They chose the shares with confidence and accuracy, even though there was so little information available on the financial position of the companies.
He is able to identify a good stock. They have found huge multi-bagger stocks with minimal information. His research is so powerful that it has turned a small amount into a huge amount of money.
Rakesh Jhunjhunwala Success Story
Rakesh Jhunjhunwala’s life story is amazing as it started with very small questions. When Rakesh was a child, he asked his father why the price of this stock fluctuated, what was the reason behind it. His father said, “Son, you must have read today’s newspaper, there must have been some news about this company, due to which the share price goes up and down. Check it tomorrow.”
Now Rakesh started checking the share price the next day reading the newspaper daily. When Rakesh grew up he asked his father that “he wants to invest in the stock market.” Rakesh’s father replied. “Do whatever you want to do, I don’t have money to give you but my blessings are always with you.”
Now Rakesh had five rupees. What was his savings money, and he decided to start with that. Now he had to raise more capital, which a woman gave two lakh and fifty thousand rupees at the rate of 18 percent interest. One of his brother’s customers gave ten lakh rupees.
What was Rakesh Jhunjhunwala first investment ?
Rakesh Jhunjhunwala first investment war Tata Tea. He bought about 5000 stocks of Tata Tea at 43 Rupees per share and sold at 143 rupees after 3 months. Now he had the confidence to raised money to invest in the stock market. Now he had to choose a strong stock that could give him returns. Which was Sesa Goa in which he invested at Rs.25 level and sold it at Rs.65 within 4 months.
Rakesh Jhunjhunwala life’s turning point
Now he had to make his second bet, now the name of the share was “Tata Power”. Rakesh put all the money he had in Tata Power, he took it at the price of 150 and sold it in 12 months at the price of 1000, Now his capital of twelve lakh fifty thousand was converted into two crores that too in less than two years.
Now he played the biggest bet of his life, like every year the budget was about to come. And everyone in the market was negative towards the budget. But he had faith in the government. He put what he had in the budget. And in the morning his net worth was two crores and in evening his net worth was twenty crores.
His wife was from a family with money. Always used to say when will the AC be installed in your house. He told his wife as soon as he reached home, “Today your AC has come.”
Later he adopted a long-term investment strategy and got the share of Titan Company at an average price of Rs 3 which is priced at 2400 per share today. Today, Titan (a Tata group company) accounts for the majority of his portfolio.
How Rakesh Jhunjhunwala became so rich?
Rakesh Jhunjhunwala has found many stocks which have become multi-bagger (stocks giving manifold returns) today and has turned his small capital into a huge amount. He kept investing his profits in new and potential stocks, again and again, the result of which is, in the last 30 years his capital which was once 5000 rupees has turned into about 34000 crores today.
What is the name of Rakesh Jhunjhunwala company?
Rakesh Jhunjhunwale started his company “Rare Enterprises”. It is the largest individual investor company in India. First two letter comes from Rakesh and second to comes from his wife Rekha. Rakesh Jhunjhunwala is also known as Big Bull and Warren Buffett of India. Rakesh Jhunjhunwala took very big risks in his life, the result of which we can see.