Rakesh Jhunjhunwala, the big bull who is no longer with us, faced defeat with a smile. An old video has gone viral on Twitter, with the market mogul citing patience and hard work as key factors for achieving success. Jhunjhunwala who made his share market journey just. started with 5,000 in 1986 turned his investment into billions of dollars over two decades. Jhunjhunwala died on 14 August in Mumbai.
According to an old video on Twitter, Jhunjhunwala while addressing the crowd said, “I have less assets than people think, but more than I need.” he said. “Money also has a purpose.”
Talking about his experience of success, the big bull said, “Money allows me to do what I want, and I live life on my own terms.” He told that the success he has got is due to patience and hard work. And he added, “taking the necklace with a smile” is also one of the factors of his success.
He said, “Never be afraid to make a mistake, only do what you can so that you can live to do one more. Because if you are afraid to make a mistake, you cannot make a decision.”
Jhunjhunwala said, “Blame yourself for your decision. Learn from it…,” Jhunjhunwala said.
After completing his Chartered Accountant degree in 1984, Jhunjhunwala decided to pursue a career in stock market investing and trading. his first investment was 5,000 in the stock market when the benchmark Sensex was around the level of 150. His first stock was Tata Tea which picked up from 43 one heavy for each 143 each in just three months of his purchase. He made huge profits from this stock. Over the next three years, his shares in Tata Tea brought him a profit of approx. 25 lakh which was also his first big profit.
Coming to 2022, so far in August, his wealth from shares is approx. 31,628.58 crores as per Trendline data. He publicly holds 32 stocks. His highest holding in value terms is also in Titan, another Tata group-backed stock, where his shareholding currently stands at approx. 10,946 crore.
Apart from the stock market, Jhunjhunwala also invested in other firms, including Bollywood films and startups, which are not listed. He also founded Akasa Air, a new airline in the aviation industry, which started its commercial operations earlier this month. He managed an asset firm Rare Enterprises.
According to Forbes, Jhunjhunwala’s net worth of $5.8 billion is real time as of August 14, 2022. He is currently ranked as the 438th billionaire in the Forbes list 2022. Whereas he is the 36th richest person in India according to the 2021 list.
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