Rakesh Jhunjhunwala Net Worth 2020: The man who changed the perception of people towards share market investing and trading is none other than Rakesh Jhunjhunwala. He is often referred to as Warren Buffet or King of Dalal Street in India. His work involves investing in stocks of companies not only in India but across the globe. Rakesh Jhunjhunwala is an investor with a midas touch and with his hard work he has become one of the richest and powerful people alive in India.
In this article, we will discuss the net worth of Mr. Jhunjhunwala who is one of the biggest traders and investors the country has seen. With his skills and hard work, Rakesh Jhunjhunwala has made a massive amount of net worth. To put in simple words, net worth means current assets minus current liabilities. Let’s have an estimated look at an estimated amount of his net worth.
Net Worth of Rakesh Jhunjhunwala
The net worth of Rakesh Jhunjhunwala is approximately 3 billion USD which is equal to Rs. 183755000000.00. He is also known for donating a large part of his income to donations and helping the poor and needy. Thus, along with being an investor, he is a great philanthropist.
Rakesh Jhujjhunwala stays in Mumbai in a luxury house bought in the year 2002. The estimated value of his property is said to be around Rs. 82 crores.
He also owns a large fleet of luxury cars. The cars he owns are one of the best in the world. The brands owned by Rakesh Jhunjhunwala include BMW, Mercedes Benz, Audi, etc.
At present, Mr. Jhunjhunwala is the chairman of Hungama Digital Media Entertainment Pvt. Ltd. and Aptech Ltd. He also sits as a board member of many companies like Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.
The management of his portfolio is done through his asset management firm, Rare Enterprises.
To sum up, the estimated Rakesh Jhunjhunwala net worth is around Rs. 19,000 crores. His annual income is estimated to be around Rs. 1,120 crores. His personal investments are approximately valued at Rs. 12,650 crores. The valuation of his luxurious cars is around Rs. 6.2 crores.
It is fascinating to learn and understand that one man from a simple background made such huge wealth for himself in the stock market. To decode his success we list down some points about the philosophy that made him so successful in the market.
Rakesh Jhunjhunwala started his journey in the stock market with capital as small as Rs. 5,000. He made all the money in the stock market by himself and that too with small capital. The main question that arises is from where he got the money to invest in the stock market. Well, the answer to it is trading. By doing trading in the market, he made huge profits and went on to invest those profits. Those investments led to huge profits again in the future.
Investing in the stock market requires knowledge. Without the right knowledge and information, it is impossible to make money in the stock market. Jhunjhunwala believed that the market is all about money but one must not forget that markets are also about knowledge. He also believed that the market is also about egos when you have the right stock pick and that too without any outside study. He built his huge net worth through data reading and developing skills before putting money into the stock market. It is not easy for everyone to repeat that.
- Right Decisions at Right Time
Rakesh Jhunjhunwala believed that building net worth in the stock market requires taking the right decisions at the right time. He is known to be the master of picking the right stocks at the right time and making huge profits out of it. The prime example of taking the right decision at the right time is his first investment in the market where he made a big profit of Rs. 0.5 million in the year 1986. At that time he invested in Tata Tea at Rs. 43 and later sold it at Rs. 143 within three months of the purchase date.
Patience is the key to success in the stock market. Rakesh Jhunjhunwala believed that to create good wealth in the market, you must have patience. Mr. Jhunjhunwala suffered a massive downfall of 30% in his portfolio holdings in December 2011. He could have sold his holdings during the panic but he remained patient and always believed in his judgment. His patience reap the real benefits in February 2012 when he recovered all his losses.
Therefore, his strategy of picking the stocks for the long term and holding them with patience is the secret of building huge net worth. He and his wife held Titan for 17 years that fetch him huge returns in all those years.
Rakesh Jhunjhunwala is known for having a vision on stocks that can give him multibagger returns and help him in enhancing his net worth. His vision and belief in his picks can be seen from the fact that he made $310 crores as of September 2019 with just Rs. 5,000 as his investment. His huge net worth is a result of vision, expertise and belief on his long term holdings.
Rakesh Jhunjhunwala has a diversified portfolio that has given him multibagger returns in his journey of the stock market. Building such a huge empire requires good knowledge and information about the stock market. You can get all of that by visiting Trading Fuel. We are the pioneer in providing stock market education. We are known for providing the latest news, information and knowledge about the Indian stock market. Moreover, all this is available at no cost. Visit and subscribe to our page and achieve your dreams in the stock market by learning investing and trading through our website. If you have any query, you can email us, we will be glad to serve you.