Rakesh jhunjhunwala net worth in dollars

The stock market, to some people, will always be risky business. However, it is undeniably one of the most profitable ways to invest your money, if you play your cards right. There are some men in the country who just have a knack for the way the stock market works and its trends. Over the years, with one well-thought out gamble to the next, these stock market investors have made their 5 of the richest stock market investors of India and their net worth Currently, Rakesh Jhunjhunwala is the 48th richest man in India. He is famously known as the Investor with a Midas touch. Based out of Hyderabad, Rakesh Jhunjhunwala got into the stock market when he was in college. Back then, he was dealing with only $100 to his name and the Bombay Stock Exchange was only 150. Today, the index is over 34,000 and he trades stocks by the billion. In fact, now, not only does Jhunjhunwala maintain his own portfolio but he also owns an asset management firm, Rare Enterprises, with Another businessman who is growing his fortune with the help of stock market is Raamdeo Agrawal. He is the co-founder and joint Managing Director of the financial services firm, Motilal Oswal. Based out of Mumbai, Agrawal is a very respected figure in the stock market. A Chartered Accountant by profession, Agrawal is an avid reader as well as the author of two books namely Corporate Numbers Game and The Art of Wealth Creation. He has said in various interviews that there is just one formula that has helped him pick ou...

Rakesh Jhunjhunwala success story:According to the latest updates on Forbes, the net worth of Rakesh Jhunjhunwala is $5.1 Billion, which is equivalent to over Rs 40,000 Crores. So, how did a regular guy from Mumbai with just Rs 5,000 became one of the most successful stock investors in Indian history? This is what we are going to discuss today. Rakesh Jhunjhunwala consistently used to hear his father discussing the stock market with his friends. As he was very curious about stocks, so once he asked his father why the stock price fluctuates daily? His father suggested him to read newspapers as its the news that makes the price of stocks fluctuate. Rakesh Jhunjhunwala also expressed his wish to pursue a career in the stock market. However, his father suggested him to first get a graduate degree from a college. Rakesh Jhunjhunwala graduated from Sydenham College in 1985 as a chartered accountant. After graduation, he again discussed his career goal as a stock market investor with his father. To this, his father replied that he is permitted to pursue any career. However, he also added that he’s not going to give him any money, nor he can ask for the initial capital from any of his father’s friends. — Entering the stock market world Mr Rakesh Jhunjhunwala entered the stock market with just Rs 5,000 in 1985. At that time, Sensex was at 150 points (currently Sensex is hovering at 58,500 points). Nevertheless, soon Rakesh Jhunjhunwala was able to take an amount of Rs 2.5 lakhs fro...