What is Rakesh Jhunjhunwala Net Worth?

Rakesh Jhunjhunwala, a Midas-touch investor, is frequently referred to be India’s Warren Buffet.

He is a chartered accountant as well as a dealer.

Jhunjhunwala is the 48th richest man in the country, according to Forbes’ Rich List.

He is the chairman of Hungama Media and Aptech

as well as a board member of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services.

When Jhunjhunwala was in college, he began dabbling in the stock market. 

He enrolled at the Institute of Chartered Accountants of India, but after earning his degree, he decided to go straight down Dalal Street.

Jhunjhunwala began with a capital investment of Rs 5,000 in 1985. That capital had grown to Rs 11,000 crore by September 2018.

After hearing his father discuss the financial market with his friends, Jhunjhunwala became interested in it.

Jhunjhunwala said his father advised him to read newspapers on a regular basis because it was the news that caused the stock market to move.

While his father permitted him to participate in the stock market, he refused to lend him money and prevented him from borrowing money from friends.

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