Big Bull Rakesh Jhunjhunwala turns 62.
Rakesh Jhunjhunwala, popularly known as Big Bull, turned 62 today. In the 90s, he was a member of the beer cartel during Harshad Mehta’s time. His wealth has tripled to $5.8 billion during the Corona period.
Famous investor of the country and famous in the world of stock market as Big Bull Rakesh Jhunjhuwala ,Rakesh Jhunjhunwala)’s birthday is today. He is 62 years old. He is a Chartered Accountant and an investor by profession. According to the data available on the Forbes Billionaires Index, he is the 438th richest person in the world with a net worth of $5.8 billion. His wife’s name is Rekha Jhunjhunwala. they have three children. Daughter’s name is Nishtha and son’s name is Aryaman and Aryaveer. This is such a name in the stock market, when they invest in a company, the investors blindly fall behind that company.
Rakesh Jhunjhunwala started investing in the stock market in the year 1985 with Rs 5000. In 1986, he made his first profit. He has invested in many shares of Tata Group. He himself has said on several occasions that in 1985 he had invested Rs 5000 in Tata Tea. He had bought shares at Rs 43 and sold them after three months at Rs 143. In three months he had earned three times the profit.
Wealth increased three times during the Corona period
Rakesh Jhunjhunwal’s wealth has tripled during the Corona period. According to the data available on the Forbes website, his total wealth in the year 2020 was $ 1.9 billion. This increased to $4.3 billion in 2021. In 2022, it has become $ 5.8 billion so far.
Tata Group His Favorite Stocks
The Tata Group still remains a favorite of Rakesh Jhunjhunwala. Talking about his top investment, Tata Group’s Titan has the highest investment of 9174 crores. After that 5372 crores have been invested in Star Health, 2194 crores in Metro Brands, 1606 crores in Tata Motors and 1274 crores in Crisil. Two companies in the top-5 belong to the Tata Group.
In Harshad’s time, there were members of the Beer Cartel.
Rakesh Jhunjhunwal, popularly known as Big Bull, was once called a beer. He himself has said in several interviews that he was a member of the Beer Cartel during the Harshad Mehta scam 1992. He had said in an interview that at that time I used to do a lot of short selling and used to make huge profits. In the 90s, there was another beer cartel led by Manu Manek. He was also known as Black Cobra. If you have seen Harshad Mehta movie then all these characters have been shown.
Entry taken in airline business
Rakesh Jhunjhunwala has also entered the airline business. He has invested a lot in Akash Air. Akash Air will start operations by the end of this month or in July. The airline is awaiting final certification. It is a low budget airline. The company also plans to start international flight service in the year 2023. Currently, the company’s focus is on Tier-2 and Tier-3 cities in the domestic market. The airline claims that its focus is on minimum fare and maximum convenience.