Rakesh Jhunjhunwala Age, Height, Family, Career, Net Worth, Lifestyle & Facts

PERSONAL INFORMATION

Names Earned: The Big Bull, The King of Dalal Street [1] The Economic Times

Profession(s): Investor, Trader, Businessman, Chartered Accountant

Date of Birth: 5 July 1960 (Tuesday)

Age (at the time of death): 62 Years

Birthplace: Hyderabad, Telangana [2] The Economic Times

Zodiac sign: Cancer

Nationality: Indian

Hometown: Mumbai

Religion: Hinduism [4] The Economic Times

Ethnicity: Marwari [5] The Economic Times

Marriage Date: 22 February 1987 (Sunday)

Age: 62 Years

Check Out Other Celebrities Biography

EDUCATION

College/University: • Sydenham College of Commerce & Economics, Mumbai • The Institute of Chartered Accountants of India

Educational Qualification(s): • B.Com from Sydenham College of Commerce & Economics (1985) • Chartered Accountant from The Institute of Chartered Accountants of India [3] Forbes

PHYSICAL STATISTICS

Eye Colour: Black

Hair Colour: Salt & Pepper

FAMILY & RELATIONSHIPS

Marital Status: Married

Wife/Spouse: Rekha Jhunjhunwala (Stock Market Investor)

Children: Daughter – Nishtha Jhunjhunwala Sons – Aryaman Jhunjhunwala & Aryaveer Jhunjhunwala

Parents: Father – Radheshyamji Jhunjhunwala (Income Tax Officer) Mother – Urmila Jhunjhunwala (Homemaker)

Siblings: Brother – Rajesh Jhunjhunwala (Elder; Chartered Accountant) Sister – Sudha Gupta (Elder) Sister – Neena Sanganeria

Wife: Rekha Jhunjhunwala

MONEY FACTOR

Car Collection: Mercedes Benz S-Class

Assets/Properties: • A 4,500 sq ft duplex in South Mumbai’s Malabar Hills that Mr Rakesh bought for Rs 25.25 crore. • An 18,000 sq ft holiday home with seven bedrooms, a pool, jacuzzi, gym, and a disco in Lonavala. [8] Open Magazine

Net Worth (approx.): $3 Billion (Rs 2,18,69,35,50,000; as of 2020) [9] Forbes

OTHER INFORMATION

Date of Death: 14 August 2022

Place of Death: Breach Candy Hospital, Mumbai

Death Cause: Heart Attack

Political Inclination: Bharatiya Janata Party [6] The Economic Times

Address: Il Palazzo, Little Gibbs Rd, Malabar Hill, Mumbai

Hobbies: Reading, Watching Food Shows

Food: Dosa

Cuisine: Chinese

Actor: Amitabh Bachchan , Aamir Khan

Actress: Waheeda Rehman

Filmmaker: Guru Dutt

INTERESTING BACKGROUND INFORMATION

Rakesh Jhunjhunwala, often referred to as ‘the Big Bull’ and ‘the Phoenix’ of the Indian Stock Market, was an iconic figure in the world of finance. His journey started modestly with just Rs 5,000 as initial capital, yet he would go on to build an impressive empire valued at approximately Rs 19,000 crores. His fascination with the stock market ignited from his father’s advice to seek knowledge about its workings. After completing his chartered accountancy in January 1985, Rakesh approached his father once again, expressing his desire to delve into stock trading. His father’s cautious encouragement came with a caveat: Rakesh was not to seek financial assistance from him or his friends, but he could live at home and fall back on his qualifications as a chartered accountant if trading did not work out. This combination of independence and safety propelled Rakesh into the stock market.

Entering the market at a time when the Sensex was trading around a mere 150 points, Rakesh quickly made a name for himself. Introduced to clients through his brother, a practicing Chartered Accountant, he managed to secure initial investments from Mr. Mendonca and another client, who entrusted him with Rs 1.5 lakhs and Rs 10 lakhs, respectively. Rakesh’s persuasive promise of an 18% return—far more attractive than the 8% offered by banks—set the stage for his initial triumphs. His first major profit came from shares of Tata Tea, which he purchased at Rs 43 and sold at Rs 143, netting a staggering 300% gain. He also demonstrated acute market insight by investing in Sesa Goa, buying shares at Rs 28 and later selling them at Rs 65. In just a few years, Rakesh accrued profits of Rs 25 lakhs, establishing himself as a formidable player on Dalal Street.

Jhunjhunwala’s investment acumen shone through in his significant purchases, such as the acquisition of 8 crore shares of Titan Ltd. for around Rs 5 each, which soared to Rs 1,500 by 2020. Similarly, he bought shares in Lupin Ltd. at Rs 150, with values reaching approximately Rs 975 later. Despite facing setbacks, including a 30% drop in his stocks during the 2008 recession, Rakesh displayed remarkable resilience by recovering nearly all his losses by 2012. His ability to adapt and learn from his mistakes was a critical aspect of his investment philosophy. He famously stated, “If you do not believe the markets are supreme, you will never admit that it was your mistake,” underlining the importance of personal accountability in achieving success.

Beyond his financial endeavors, Rakesh Jhunjhunwala was also a philanthropist, believing that wealth should serve a greater purpose. He asserted that a significant portion of his earnings would be allocated for charitable causes, aiming to endow at least Rs 500 crores in the future. His commitment to social causes was reflected in his statement to *The Economic Times,* where he emphasized the duty of the wealthy to contribute positively to society. Additionally, Rakesh was a lover of cinema, serving as the chairman of Hungama Digital Media Entertainment and co-producing films such as ‘English Vinglish’ and ‘Shamitabh.’ His vibrant personality extended into various domains, including aviation, with his venture Akasa Air receiving regulatory approval to commence commercial flights in July 2022.

Rakesh Jhunjhunwala’s legacy transcends the world of stock trading. He was not only a titan in financial circles but also a cultural figure whose life and philosophies inspired many. With a dynamic presence both in business and philanthropy, he was portrayed by actor Kavin Dave in the web series *Scam 1992: The Harshad Mehta Story,* showcasing his remarkable journey and influence. As he left an indelible mark on the Indian economy and society, Jhunjhunwala’s story continues to resonate with aspiring investors and the larger public alike.

—

Note: All biographical information compiled from publicly available sources.