How he become successful Billionaire by Investing in Stock Market?

Rakesh Jhunjhunwala was born on July 5, 1960 in Mumbai. He grew up in Mumbai. His father was an income tax officer. Rakesh has been interested in the stock market since childhood. Rakesh’s father and his friends used to talk on stock market topics, when Rakesh was only 12 to 13 years old, So out of curiosity he would ask his father why the share price was higher or lower. When asked such questions, his father would answer them in full detail.

Rakesh Jhunjhunwala completed his graduation from Sydenham College in Mumbai. In 1985, C.A. Upon completion, he told his father, “I want to pursue a career in the stock market.” When his father told him three & four things that would be useful in his later life, Rakesh’s father told him, “Do what you enjoy.” They also told him, “Never come to me and my friends to ask for money.” Then Rakesh has Rs 5,000. Rakesh’s brother C.A. Was practicing and had a one client. That lady had a lot of capital and she wanted a good return from that. At that time I was getting 10% return on bank deposits. At that time Rakesh said “I will give you 18% return”. In this way, the lady gave Rs 2.5 lakh to Rakesh. Another person gave Rs. 500,000. By doing so, they made their capital.

Initially, he earned Rs 8 to 10 lakh by trading. The next 2-3 years were difficult for Rakesh. In 1988, 2.5 lakh Sisagoa shares were bought for Rs.28 He had bought 2.5 lakh shares for another Rs 30. In the six months since, Sisagoa’s shares have risen by Rs 65. Had gone to.

In 1989, Madhu Dhanwate was the Finance Minister in the V.P. Singh government. Madhu Dhanwate’s Union Budget of 1989 Rakesh Jhunjhunwala’s career became a turning point. From common investors to big market players Madhu Dhanvate will have a budget not on business but on social things, so there was fear in the market and everyone was in a “Bear” in the market. At that time Rakesh was thinking that V.P. Singh who was the Prime Minister of the country was Thakur who knows business very well so he never presents the budget in a way that will hurt the business and on the day of the budget what Rakesh wanted happened. Madhu Dhanwate presented a very good budget which was very supportive to the business. Madhu Dhanwate’s first Rakesh’s portfolio was Rs 2 crore and five months after the budget, the portfolio went up to Rs 40-50 crore.

He later founded RARE ENTERPRISES, an asset management firm. From there they manage their own portfolio. The first two words of RARE are taken in the name of RAKESH and the last two words are taken in the name of his wife REKHA.

Rakesh bought shares of Titan at Rs 4.5 crore in 2002 and 2003. Bought the stock for Rs 80. Went up and then down to Rs 30 At that time, the value of Rakesh’s portfolio was reduced by 300cr but he did not sell a share at a price of Rs 30 because he felt that the growth of Titan was still pending and today the share price is up to Rs 1500. “That’s how investors should have patience.” Understands the importance of patience in the stock market. Patience has been shown in a lot of companies, not just in Titan.

In 2005, he sold 27 Cr shares of Crisil and bought a flat in Malabar Hill, Mumbai. He went ahead and sold the flat at a good price. The rate of that flat today is 50 to 60 Cr. Is. And if I hadn’t sold those 27Cr shares of Crisil, those shares would have been worth Rs 700-800 crore.

Jhunjhunwala did not regret his mistakes. They learn something from those mistakes. Investing is the only way to learn and that is experience and this experience comes from mistakes. The market is never right or wrong. Right and wrong are what we are, so when we do something wrong, we accept the mistake. Learn something from those mistakes and move on.

Rakesh Jhunjhunwala is a Long Term Investor and also an Active Trader. He had established his base by trading at the beginning of his career. According to them, trading alerts them. Rakesh believes in India’s growth story. It is not a mental approach with any company. That’s what they tell everyone. They only buy shares to sell. According to Rakesh, INVESTING is the biggest profession in the world.

Rakesh Jhunjhunwala is also a movie producer. He produce “English Vinglish, shamitabh and Ki&Ka. He is the M.D. of many companies.

Rakesh Jhunjhunwala is known as Indian Warren Buffett. Today, he is the most famous Stock Market Investor in India. He is currently the 39th richest investor in India in the Forbes list. Their net worth is $ 2.9 billion. He donated 25% to his 60th birthday on July 5, 2020.

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