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Friends, today I am going to talk about Rakesh Jhunjhunwala, the king of the Indian stock market and known as the Warren Buffett of India. He started with just ₹5,000 and today has become the owner of around ₹16,000 crores. Today, the situation is such that Rakesh can single-handedly cause upheaval in the market because many investors invest their money in the market following his footsteps.
With his smart strategy, he has reached such a position that he is included among the richest people in India. He is currently the 53rd richest person in India. So friends, without taking much of your time, let us know how Rakesh Jhunjhunwala made the journey from ₹5,000 to ₹16,000 crores. Rakesh Jhunjhunwala was born on 5 July 1960 in a Marwari family in Mumbai.
His father was an Income Tax Officer who was also very interested in the stock market. He used to talk about lions and then one day, around 14 o'clock, he At the age of 18, Rakesh asked his father, "Dad, what is the share market?" He replied, "Son, it's not that easy to understand the share market. Read the newspaper every day.
It provides information about different companies. Before investing in the share market, we should know the ups and downs of the company." This was Rakesh's first encounter with the share market. Gradually, as he grew older, Rakesh's interest in the share market began to increase. As per his father's advice, he stayed updated with news about different companies.
Later, he completed his graduation from the Sedan Hand College of Commerce and Economics and then became a Chartered Accountant in 1985. Rakesh had completed his professional studies. Now it was time to enter the market, but by that time, he did not have much money to invest. He made his first investment of ₹5,000.
At that time, the Sensex was at 150 points, but he made his first big profit in 1986. I'll tell you how. This resulted in a profit of ₹5 lakh. Further leveraging his sharp mind, he earned approximately ₹25 lakh between 1986 and 1989, and within a few years, his wealth reached crores. However, the biggest turning point in his life came in 2002-03 when he purchased 6 crore shares of Titan Company at ₹3 per share.
The share price subsequently rose incredibly to ₹390, netting Rakesh Jhunjhunwala a profit of approximately ₹3100 crore. Now, friends, it's not as if he has always been profitable; he has also suffered significant losses. In December 2011, the shares of most of the major companies he invested in fell sharply, resulting in a 30% drop in the price of his invested shares.
However, he recovered his losses in February 2012, and recently, he also suffered a significant loss due to demonetization. After travelling through a journey full of ups and downs, today Rakesh Jhunjhunwala's network is around Rs 16000 crore and today he is the 53rd richest person in India. Rakesh Jhunjhunwala has only one mantra - Buy Right Friends, Rakesh Jhunjhunwala ji has achieved such a position on the basis of his hard work and ability that today he does not need any prescription.
His life is an inspiration for all of us and especially for those who think that they cannot be successful due to lack of money. Thank you very much for giving your valuable time. You can boost our morale by liking this video. Friends, if you do not want to miss our videos, then please subscribe to the channel. Do tell us by commenting how you liked this story. Thank you.
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