Rakesh Junjhunwala: A Journey From Rs 5k to USD 1.8 billion

25 Oct, 2020

5 min read

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Success Story of Rakesh Jhunjuhnwala - Smart Money
He started with a paltry sum of Rs 5000 in 1985 and made it big. According to the latest Forbes report, his wealth stands at a staggering volume of USD 3.1 billion, approximately, Rs 19,000 crores.

Do you want to know who this man is? He is Mr Rakesh Jhunjhunwala, whose remarkable success story in Dalal Street has earned him many monikers, including the Big Bull and the King of the Dalal Street. His story from rag to riches is an inspiration to many of us. And, we are going to discuss how an ordinary man from Mumbai became such pivotal in the India financial market. It is the story of the most successful stock market investor in India.

Rakesh Jhunjhunwala was born to a middle-class family in Mumbai on July 5, 1960. His father was an Income tax officer who also invested enthusiastically in the stock market. Growing up in an environment where share market discussions were regular, young Rakesh got attracted to trading at an early age. When he told his father about his aspiration, his father urged him to complete his education first. So, he went ahead to graduate from Sydenham College and later became a qualified Chartered Accountant. Rakesh then pursued his dream of becoming an investor in stocks. When he entered the stock market in the mid-80s, BSE was only 150 points (currently, BSE is trading over 35,000 points). He made his first big profit with Tata Tea. He sold 5000 shares of Tata Tea in 1986 for Rs 143 which he bought at Rs 43.

Rakesh Jhunjhunwala’s Stock Market Success

To the uninitiated, share trading sounds complicated, but not to Rakesh Jhunjhunwala. It occurs to him naturally. Between 1986 and 1989 he made Rs 2.-2.5 million in trading stocks of Sesa Goa (now Vedanta). One of the best stocks in his portfolio is Titan. He bought those shares in 2002-03 at the price of Rs 3 apiece. Those shares are currently trading at Rs 1,182 in the market, earning him 35 lakhs every hour for an investment value of Rs 8100 crores. So, how does he do it?

He once famously said, “Markets are like women - always commanding, mysterious, unpredictable and volatile.

He believes that his ability to invest in the right asset at the right time had been critical for his success.

“My decision to aggressively invest in the asset class of Indian equities at the right time was a very important determinant of my success.”

Rakesh has featured in the Forbes list several times. Many companies have given him many names, like Economic Times called him the ‘Pied Piper of Indian Bourses’.

A successful investor and an entrepreneur, Jhunjhunwala has also invested in several businesses. He is the chairman of Aptech Limited and has an asset management company named RARE. Jhunjhunwala is also a member of the board of many Indian companies.

Conclusion

Mr Rakesh Jhunjhunwala has proved that to become successful in anything, you must set your heart on it. He had shown the world that you could start at the lowest level and climb to the highest peak if you are ready to work hard. Starting with a meagre investment of Rs 5000, he has turned it into a million-dollar asset.

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