Rakesh jhunjhunwala biography of abraham

In an interview, when he was asked who had introduced him to the stock market, he said, My father was also interested in stocks. When I was a young child, he and his friends would drink in the evening and discuss the stock market.

Rakesh jhunjhunwala biography of abraham

I would listen to them and one day I asked him why do these prices fluctuate. He was advised by his father to first complete his formal education so that he could have a backup plan in case he failed as a stockbroker. Rakesh completed the Chartered Accountancy course in and began working as a stock trader. Rakesh was strictly advised by his father to not ask any of his friends for investment.

Jhunjhunwala entered the stock market with just Rs. His final appearance was at the inaugural event of Akasa Air and he later flew on the airline's first flight between Mumbai and Ahmedabad on 7 August. In SeptemberAptech had announced its foray into the preschool segment. His philanthropic portfolio included health care as well as education-related initiatives, supporting organizations such St JudeAgastya International FoundationAshoka UniversityFriends of Tribals Society and Olympic Gold Quest.

Doctors later reported that he suffered from kidney-related problems and acute multiple organ failure. Profits: Rakesh Jhujjhunwala tasted his first profit in the year It was a small profit of 5 lakh compared to today. It was between when he earned almost 25 lakh profit from his investments. Carried forward today, his biggest investment is in Titan Company which is more than crore rupees.

He is one of the Board of Advisors there. Rakesh Jhunjhunwala Net Worth Rakesh Jhunjhunwala was a business magnate who was known for his business skills and talent of identifying profitable investments. He began investing in the year with a capital of Rs. He also invested in Sesa Goa in his early days. He bought the shares at Rs 28 because he was quick enough to realise the fall in the prices of iron ores and then sold them at Rs.

The future maestro of Dalal Street made a profit of 25 lakhs in the first couple of years of his trading business. His major investments include buying 8 crore shares of Titan Ltd. He also bought the shares of Lupin Ltd. As ofthe price of Lupin stands at around Rs. Such investments helped Rakesh generate immense wealth. As ofRakesh was listed as the 54th richest Indian, Mukesh Ambani topped the list.

He made the headlines in when he earned more than Rs.