Rakesh Jhunjhunwala
| Rakesh Jhunjhunwala | |
|---|---|
 |
|
| Born |
5 July 1960 Mumbai, India |
| Education | Chartered accountant |
| Alma mater | Bombay University, The Institute of Chartered Accountants of India (ICAI) |
| Occupation | Owner of rare enterprises, investor , Film Producer & |
| Net worth |
 USD 2.4 billion (Apr 2017) |
| Spouse(s) | Rekha Jhunjunwala |
| Children | 3 |
Also see Harshad Mehta and Ketan Parekh
Rakesh Jhunjhunwala (born 5 July 1962) is an Indian Investor and . He is a qualified Chartered Accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala has been described by India Today magazine as the "pin-up boy of the current bull run" and by The Economic Times as "Pied Piper of Indian bourses".
As per Forbes, he is the 53rd richest person in India, with net assets worth $220 Crores (as of October 2016).
Jhunjhunwala grew in Mumbai, India where his father is posted as an Income Tax Officer. He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.
Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of various Indian companies such as Prime Focus Limited, Geojit BNP Paribas Financial Services Limited, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.
Jhunjhunwala's stocks fell by up to 30% in December 2011. He recovered his losses in February 2012. These ups and downs forced him to reduce his vulnerability by trimming his portfolio to one-third. His attempts to divest his Aptech stake had no takers. In May 2012 he increased his stake in Aptech by 2.24% now holds 12.7%
Jhunjhunwala invested ₹26 Crores ($4.6 Million) in A2Z Maintenance increasing his stake in the company by 3.57%, taking his stake in the company to 23.2 per cent.
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