Rakesh Jhunjhunwala (born 5 July 1960) is an Indian Trader and Investor. He is qualified as a Chartered Accountant. He take care of his own portfolio as a partner in his asset management firm, Rare Enterprises.[2][3] Jhunjhunwala has been described by India Today magazine as the "pin-up boy of the current bull run"[4] and by The Economic Times as "Pied Piper of Indian bourses".[5]
As per the analysis of Forbes, he is the 53rd richest person in India, with net worth of USD 2.4 Billion (as on July 2017)
Rakesh Jhunjhunwala grew in a Marwari family in Mumbai,India.His father was an officer in the Income Tax Department.His interest towards share market grew by watching his father investing in stoke market. He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.
Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of various Indian companies such as Prime Focus Limited, Geojit BNP Paribas Financial Services Limited, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.[citation needed]. He is popularly referred to as the "Warren Buffett of India" and the "King of Bull Market".
Jhunjhunwala's stocks fell by up to 30% in December 2011.[7] He recovered his losses in February 2012.[8] These ups and downs forced him to reduce his vulnerability by trimming his portfolio to one-third.[9] His attempts to divest his Aptech stake had no takers. [10] In May 2012 he increased his stake in Aptech by 2.24% now holds 12.7%
Jhunjhunwala invested ₹26 Crores ($4.6 Million) in A2Z Maintenance[11] increasing his stake in the company by 3.57%, taking his stake in the company to 23.2 per.
He had recently produced a hindi movie KI & KA.
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