As the big bull of the Indian stocks market turns 62 - here are some interesting facts about Rakesh Jhunjhunwala
Rakesh Jhunjhunwala, the celebrated ace investor has a cult fan following in the world of stock market.
Famously known as Warren Buffett of India, Jhunjhunwala is celebrating his 62nd birthday today - July 5, 2022. He always has been an inspiration for many investors who are trying to make it big in the stock market.
However, a less-known fact is that he started his stock market journey in 1985 as a trader. In the beginning, his father refused to give him initial capital for trading, hence, he borrowed money from his brother’s client. The readers shouldn't follow the same approach as wise Jhunjhunwala is an exceptional talent among us.
Jhunjhunwala has a keen interest in Bollywood as well. He not only invests in stocks but also has funded/produced famous Hindi movies like ‘English Vinglish’, ‘Shamitabh’, and 'Ki & Ka'. Along with Ashish Kacholia, Hiren Ved, Lashit Sanghvi, and Neeraj Roy; Jhunjhunwala founded Hungama Digital Media Entertainment Company in 1999. The company acts as an aggregator, developer, publisher, and distributor of Asian entertainment projects. He is currently serving as the chairman of the company.
Talking about his political interests, Jhunjhunwala always has been publicly vocal about supporting Prime Minister Narendra Modi.
The big bull of India is also a big foodie. He loves eating street food, especially, Chinese cuisine, Dosa, and Pav Bhaji.
Last year on his birthday, Jhunjhunwala donated Rs 50 crore to the charity which helped him to be on the ‘Edelgive Hurun India Philanthropy list’ of 2021.
If you don’t know already, Rakesh Jhunjhunwala was played as one of the main characters in the famous web series, “Scam 1992”, which was based on the real story of a stock market scam executed by Harsh Mehta.
Jhunjhunwala has a net worth of around Rs 39,540 crore and is among the top 50 richest people in India.
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