1. Rakesh Radheyshyam Jhunjhunwala was an Indian billionaire investor, stock trader, and Chartered Accountant.
14 Facts About Rakesh Jhunjhunwala
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Rakesh Jhunjhunwala was a partner in his own asset management firm, Rare Enterprises.
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Rakesh Jhunjhunwala was investigated for insider trading and settled with the Securities and Exchange Board of India in 2021.
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In October 2024, his wife Rekha Rakesh Jhunjhunwala was ranked 28th on the Forbes list of India's 100 richest tycoons, with a net worth of $9.3 billion.
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Rakesh Jhunjhunwala was born on 5 July 1960 in a Marwari Agarwal family His surname indicates that his ancestors belonged to Jhunjhunu in Rajasthan.
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Rakesh Jhunjhunwala graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.
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Rakesh Jhunjhunwala managed his own portfolio as a partner in his asset management firm, Rare Enterprises.
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Besides being an active investor, Rakesh 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 Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company, Viceroy Hotels, and Tops Security Limited.
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In 2013, Rakesh Jhunjhunwala bought 6 of the 12 units of Ridgeway apartments at Malabar Hill from Standard Chartered Bank for 176 crore.
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Rakesh Jhunjhunwala was known for his ability to identify potential growth sectors early.
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Rakesh Jhunjhunwala believed that the expanding middle class would significantly boost domestic consumption, which guided many of his early investment decisions.
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In 2021, Rakesh Jhunjhunwala was investigated for insider trading, for unusual dealing in shares of Aptech Computers.
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Rakesh Jhunjhunwala was active in efforts to construct R J Sankara eye hospital in New Panvel.
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Rakesh Jhunjhunwala's passing away is saddening for the financial world.