PM Modi meets Rakesh Jhunjhunwala, know the investor’s net worth

Prime Minister Narendra Modi met well-known stock market investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala on Tuesday, stating that Jhunjhunwala is extremely optimistic about the Indian economy. 

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“Delighted to meet the one and only Rakesh Jhunjhunwala…lively, intelligent, and very bullish on India,” PM Modi tweeted after meeting Jhunjhunwala, dubbed the “Warren Buffett of India” or “Big Bull,” whose every stock move and investing strategy on Dalal Street is avidly followed by investors.

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According to Forbes, Rakesh Jhunjhunwala’s net worth is projected to be $5.7 billion as of October 2021. He is presently the chairman of Hungama Media and Aptech, as well as a member of the boards of directors of other companies, including Concord Biotech, Provogue India, and Viceroy Hotels.

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Jhunjhunwala was born on July 5, 1960. His father worked as an Income Tax Officer in Mumbai, where he grew up. When he was in college, he began experimenting in the stock market. He enrolled in the Institute of Chartered Accountants of India, but after graduating, he opted to dive headfirst into Dalal Street.

According to Forbes, he started investing with $100 in 1985, when the Bombay Stock Exchange Index was 150; it currently trades at more than 40,000.  Titan, a watch and jewellery company owned by the Tata group, is his most valuable listed investment. Jhunjhunwala also has investments in privately owned firms including Star Health Insurance, Metro Brands, and Concord Biotech.