Rakesh Jhunjhunwala: The ‘Big Bull’ of the stock market dies at the age of 62

How Rakesh Jhunjhunwala became a Dalal Street Mogul

Jhunjhunwala started trying his hand in the stock market in college itself. He enrolled at the Institute of Chartered Accountants of India, but after earning his degree, he decided to bow his head at Dalal Gali. In 1985, Jhunjhunwala invested Rs 5,000 as capital. By September 2018, that capital had grown to Rs 11,000 crore.

Life and Education of Rakesh Jhunjhunwala

Jhunjhunwala was born on 5 July 1960. He grew up in Mumbai, where his father was posted as an income tax officer. After graduating from Sydenham College in 1985, he joined the Institute of Chartered Accountants of India. He is married to Rekha Jhunjunwala, who is also a stock market investor.

Rakesh Jhunjhunwala was famous for his multibagger stocks

Rakesh Jhunjhunwala manages a privately owned stock trading firm named ‘RARE ENTERPRISES’. The name is derived from the first two letters of his name and that of his wife, Mrs. Rekha Jhunjhunwala.

More About THE LEGEND

Recently, Rakesh Jhunjhunwala also launched his backed airline ‘Akasa Air’. He is the co-founder of this airline and along with Aditya Ghosh, former chairman of IndiGo, owns 40% of this company. Aditya Ghosh holds 10 percent stake in this company.

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