On Rakesh Jhunjhunwala's Birthday, Know His Wonderful Journey Till He Became the "Big Bull"
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News Synopsis
Veteran investor Rakesh Jhunjhunwala has turned 62 today on 5th July 2022, and today is his birthday. Famous in the name of Big Bull, who joined the world of shares in 1985, is the owner of property worth 43.39 thousand crores today. His success story in the stock market has inspired crores of investors in the country. Many investors try to imitate his every move in the stock market. His words are listened to with great attention in the investor community.
With this, Jhunjhunwala is going to make his grand entry into the aviation sector very soon. On the same day, glimpses of the first pictures of the crew members of Rakesh Jhunjhunwala's airline 'Akasa' have also come to the fore. Pictures of employees wearing clothes have been shared from the company's Twitter handle. Let us tell you that he has always believed in the growth prospects of the Indian economy. He inspires investors because he started his investment journey with just Rs 5000. This year he will complete 37 years in the stock market.
Rakesh Jhunjhunwala completed his CA studies in 1985. But, he decided to try his hand in the stock market. He had told in an interview that after hearing my decision to make a career in the stock market, my father told me not to ask me or any of my friends for money. However, he had said that you can live in this house in Mumbai and if I don't succeed in the stock market then I will always have to work as a CA. This kind of assurance helped me a lot. In the same interview, he had said that he had earned Rs 20-25 lakh from investing in Tata Power shares during 1986 to 1989.
BSE Sensex was at 150 level when Big Bull started investing in stocks. Today it is close to the 53,000 mark. He has shares of 37 companies in his portfolio. These are companies in which they have more than one percent stake. The value of this stake today is Rs 19,600 crore. Tata group company Titan Company has the largest stake in Big Bull's portfolio. He and his wife Rekha Jhunjhunwala hold 5.1 percent stake in the company. The value of this stake is around Rs 7,900. Jhunjhunwala is today the 36th richest person in India.