RIP Rakesh Jhunjhunwala
.jpg)
Rakesh Jhunjhunwala started with INR 5000 Rupees in 1985, after hearing his father discuss the stock market with his friends.
Before he began investing, his father asked him for 2 things– he advised him to read the newspaper regularly, because the news was what caused the market to fluctuate and he forbade him from borrowing money from anyone to invest (he himself didn’t provide any financial assistance to his son!)
One of his earliest investments was Tata Tea– in 1986 he bought 500 shares of Tata Tea; the stock skyrocketed to Rs.143 in just 3 months!
I was 22 When I started learning about Stock Market & Investment Strategies .
He was the Man who Inspired me to Start this Journey.Who made me realised that You can make money from money & Brain moves faster than your feet.
If I could, I would teach everyone to invest in two things - wisdom and health - the only two things that are truly yours; no one can help you with these two. Everything else is a bye product.
Deeply Saddened after hearing this News of his Demise ..
"Nobody can predict the weather, death, market and women."
And the Big Bull leaves a void that'll take years to fill in.
Indian Business Magnate Shri. Rakesh Jhunjhunwala passes away at the age of 62.
Widely known as the Big Bull of Dalal Street, he was reported to have a net worth of around $5.5 billion, according to Forbes. Over the years, he had invested in many well-known and established companies and in upcoming startups. His largest investment as of 2021 was in Titan Company, which is valued at Rs.7,294.8 crore.
Jhunjhunwala took keen interest in stock markets after hearing his father and his friends talking about them. While providing him with market guidance, his father never offered him any money to invest and banned him from approaching acquaintances for loans. Rakesh began investing while still a college student because he had savings available. His investment, which he made in 1985 with Rs. 5,000, is now worth Rs. 11,000 crores.
Jhunjhunwala, a chartered accountant by profession, served as chairman of Hungama Media and Aptech and served on the boards of several other Indian businesses. He served on the boards of directors for Provogue India, Geojit Financial Services, Concord Biotech, and Viceroy Hotels.
As a movie buff, he had co-produced Bollywood films such as English Vinglish (2012) & Ki and Ka (2016). He recently launched the low-cost airline “Akasa Air” alongwith former Jet Airways CEO, Mr. Vinay Dubey.
He was witty and insightful and India's most intelligent investor.
Rakesh Jhunjhunwala had a golden hand.
His death, a significant loss for Dalal Street, also teaches us the importance of health.
Lessons which Rakesh Jhunjhunwala taught everyone:
1. Right or wrong doesn't matter - What matters is how much money you made when you were right and how much you lost when you were wrong.
2. Don't borrow to invest
3. Be an optimist and have conviction - In stock markets, your patience is tested, and conviction is rewarded.
4. Most importantly he taught all of us how sustainable money can be created from the markets. He showed us the true potential of Indian markets.
His Story is truly Inspiring 👇🏻
- Jhunjhunwala entered the stock market with just Rs 5,000 in 1985.
- At that time, Sensex was at 150 points
- Jhunjhunwala was able to take an amount of Rs 2.5 lakhs from one of his brother’s clients by promising to give higher returns compared to the fixed deposits
- His first major profit was Tata Tea.
- He bought 5,000 shares of Tata Tea at Rs 43 and within 3 months it was trading at Rs 143.
- He made a profit of over 3 times by selling the stocks of Tata tea.
- Between 1986-89, he earned Rs 20-25 lakhs
- His MOST successful investment so far is Titan.
- In 2002-03, Rakesh Jhunjhunwala bought ‘Titan Company Limited’ at an average price of Rs 3 and currently it is trading at a price of Rs 2400+
- He is holding over 4.4 crore shares of titan company.
- He did not stop after that.
- As of August, Jhunjhunwala's net worth was $5.8 billion, and he is India's 36th richest person in 2021.
- Rakesh Jhunjhunwala is extremely bullish on India’s growing economy and its success as an emerging market.
In his own words- "Nobody can predict the weather, death, market and women."
A big loss to Humanity and the Investor Community.
62 is Young. It's not an age to retire, it's not an age to stop. In fact, for many, people 60 is when they start adventures, travel, and enjoy life.
Only 4 % Indians are into stock market trading.
For them, the god is no more!
Health is the only true wealth.
Expecting Market to pay a Big Tribute to BIG BULL By Touching its Peak in coming Week🙏
From 5000 Rs to a net worth of USD $5.5 Billion – what a journey, what a man!
RIP 🙏🏼
Rest in Peace, Big Bull. India shall miss you sorely🙏🏽
#rich #billionaires #india #ratantata #ambani #adani #rakeshjhunjhunwala #wealth
#rakeshjhunjhunwala
#rip
#bigbull
#rakeshjhunjhunwala
#rakeshjhunjhunwala #rip #india
.jpg)
No comments:
Post a Comment