Age, Biography and Wiki

Rakesh Jhunjhunwala was born on 5 July, 1960 in Hyderabad, Andhra Pradesh (now in Telangana), India, is an Indian businessman (1960–2023 ). Discover Rakesh Jhunjhunwala's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 62 years old?

Popular As N/A
Occupation Investor · Stock trader
Age 62 years old
Zodiac Sign Cancer
Born 5 July 1960
Birthday 5 July
Birthplace Hyderabad, Andhra Pradesh (now in Telangana), India
Date of death 14 August, 2022
Died Place Mumbai, Maharashtra, India
Nationality India

We recommend you to check the complete list of Famous People born on 5 July. He is a member of famous businessman with the age 62 years old group. He one of the Richest businessman who was born in India.

Rakesh Jhunjhunwala Height, Weight & Measurements

At 62 years old, Rakesh Jhunjhunwala height not available right now. We will update Rakesh Jhunjhunwala's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Rakesh Jhunjhunwala's Wife?

His wife is Rekha Jhunjhunwala (m. 1987)

Family
Parents Not Available
Wife Rekha Jhunjhunwala (m. 1987)
Sibling Not Available
Children 3

Rakesh Jhunjhunwala Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Rakesh Jhunjhunwala worth at the age of 62 years old? Rakesh Jhunjhunwala’s income source is mostly from being a successful businessman. He is from India. We have estimated Rakesh Jhunjhunwala's net worth, money, salary, income, and assets.

Net Worth in 2024 2 billion USD (2020)
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income businessman

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Timeline

1943

At the time of his death, he had an estimated net worth of US$5.8 billion, making him the 438th richest person in the world.

He was a partner in his own asset management firm, Rare Enterprises.

Besides being an active investor and stock trader, he served as chairperson and director for several companies.

He was also a co-founder of Akasa Air.

He was investigated for insider trading and settled with the Securities and Exchange Board of India (SEBI) in 2021.

Jhunjhunwala was often referred to as the "Big Bull of India", and was widely known for his stock market predictions and bullish outlooks.

1960

Rakesh Radheyshyam Jhunjhunwala (5 July 1960 – 14 August 2022) was an Indian billionaire investor, stock trader, and Chartered Accountant.

Jhunjhunwala was born on 5 July 1960 in a Rajasthani Marwadi family His surname indicates that his ancestors belonged to Jhunjhunu in Rajasthan.

He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.

Jhunjhunwala's interest in stock markets arose when he observed his father discussing the markets with his friends.

While his father guided him on the markets, he never gave him money to invest and forbade him from asking friends for money.

With his savings at hand, Rakesh invests early when in college.

1985

He began investing in 1985 with a capital of ₹5,000, with his first major profit in 1986.

Beginning with ₹5,000 capital in 1985, Jhunjhunwala's first big profit came in the form of ₹5 lakh in 1986.

1986

Between 1986 and 1989, he earned almost ₹20–25 lakh profit.

By 2022, his investment had grown to ₹11,000 crores.

As of 2021, his biggest investment was in Titan Company which is worth ₹7,294.8 crore.

He managed his own portfolio as a partner in his asset management firm, Rare Enterprises.

Besides being an active investor, Jhunjhunwala was the chairman of Aptech and Hungama Digital Media Entertainment and sat on the board of directors of Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries, Provogue, Concord Biotech, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company, Viceroy Hotels, and Tops Security Limited.

He was also a member of the Board of Advisors of India's International Movement to Unite Nations (I.I.M.U.N.).

1992

In the web series Scam 1992, actor Kavin Dave played a role based on Jhunjhunwala.

On 14 August 2022, Jhunjhunwala fell ill and was rushed to Breach Candy Hospital in Mumbai, and died at approximately 6:30 a.m. Doctors later reported that he suffered from kidney-related problems and acute multiple organ failure.

Indian Prime Minister Narendra Modi shared his condolences stating, "Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India's progress. His passing away is saddening for the financial world."

2012

On 7 June 2012, the authors were revealed by The Economic Times to be two people: For the first year, Mark Fidelman (a Forbes columnist ) and for the remaining years, writer Aditya Magal.

2013

In 2013, Jhunjhunwala bought 6 of the 12 units of Ridgeway apartments at Malabar Hill from Standard Chartered Bank for ₹ 176 crore.

2016

In September 2016, Aptech had announced its foray into the preschool segment.

As per the SEBI order, this was an UPSI between 14 March 2016 and 7 September 2016, the date of official announcement.

In July 2021, the SEBI had settled the issue after a total payment of ₹35 crore from Jhunjhunwala and his associates.

Jhunjhunwala paid ₹18.5 crore and his wife paid ₹3.2 crores.

Jhunjhunwala, whose net worth stands at US$5.8 billion as at the time of his death, had plans to donate a quarter of his wealth to charity.

His philanthropic portfolio included health care as well as education-related initiatives, supporting organizations such St Jude, Agastya International Foundation, Ashoka University, Friends of Tribals Society and Olympic Gold Quest.

He was also active in efforts to construct R J Sankara eye hospital in New Panvel.

2017

Later in 2017, he bought the other 6 apartments in the building from HSBC for ₹ 195 crore.

In 2021, he commenced the construction of his new 70,000 square feet 13-storey home after the demolition of the old building.

In July 2021, he invested in Akasa Air, a low-cost airline in India, investing US$400 million for a 40% stake in the airline.

As of February 2024, the new airline has 24 aircraft and flies to 19 cities.

Before his death Rakesh had increased his stake in the airline to 46% becoming the largest stakeholder in the company.

His final appearance was at the inaugural event of Akasa Air, which he later flew on the airlines first flight between Mumbai and Ahmedabad on 7 August.

In 2021, Jhunjhunwala was investigated for insider trading, for unusual dealing in shares of Aptech Computers.

SEBI had alleged that Jhunjhunwala and others traded in Aptech when in possession of unpublished price sensitive information (UPSI).