{"id":4536,"date":"2021-09-15T16:31:07","date_gmt":"2021-09-15T11:01:07","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=4536"},"modified":"2021-09-15T16:34:00","modified_gmt":"2021-09-15T11:04:00","slug":"facts-about-rakesh-jhunjhunwala","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/facts-about-rakesh-jhunjhunwala\/","title":{"rendered":"8 Interesting Facts About Rakesh Jhunjhunwala"},"content":{"rendered":"\n<p>Rakesh Jhunjhunwala is one of the most famous personalities of the Indian <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-shares\/\">stock market<\/a>. In this article, we discuss 8 amazing facts about him.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-rakesh-jhunjhunwala\/#Fact-No-1-Was-fascinated-by-the-stock-market-early-in-life\" title=\"Fact No. 1: Was fascinated by the stock market early in life\">Fact No. 1: Was fascinated by the stock market early in life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-rakesh-jhunjhunwala\/#Fact-No-2-Started-investing-with-a-few-thousand-rupees\" title=\"Fact No. 2: Started investing with a few thousand rupees\">Fact No. 2: Started investing with a few thousand rupees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-rakesh-jhunjhunwala\/#Fact-No-3-Minted-the-first-big-profit\" title=\"Fact No. 3: Minted the first big profit\">Fact No. 3: Minted the first big profit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-rakesh-jhunjhunwala\/#Fact-No-4-Love-for-street-food\" title=\"Fact No. 4: Love for street food\">Fact No. 4: Love for street food<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-rakesh-jhunjhunwala\/#Fact-No-5-Venturing-into-Bollywood\" title=\"Fact No. 5: Venturing into Bollywood\">Fact No. 5: Venturing into Bollywood<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-rakesh-jhunjhunwala\/#Fact-No-6-Giving-back-to-society\" title=\"Fact No. 6: Giving back to society\">Fact No. 6: Giving back to society<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-rakesh-jhunjhunwala\/#Fact-No-7-Being-the-king-of-dividends\" title=\"Fact No. 7: Being the king of dividends\">Fact No. 7: Being the king of dividends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-rakesh-jhunjhunwala\/#Fact-No-8-One-of-the-top-rated-stock-market-investors-in-India\" title=\"Fact No. 8: One of the top-rated stock market investors in India\">Fact No. 8: One of the top-rated stock market investors in India<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-No-1-Was-fascinated-by-the-stock-market-early-in-life\"><\/span>Fact No. 1: Was fascinated by the stock market early in life<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With his father being an IRS officer who worked as the commissioner of <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-income-tax\/\">Income Tax<\/a>, there were always talks about money, taxes, and stock markets at Rakesh\u2019s home. This made a young 12-yr boy Rakesh curious about markets. At that time, Rakesh didn\u2019t know that his curiosity would take him to places he could not have imagined.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-No-2-Started-investing-with-a-few-thousand-rupees\"><\/span>Fact No. 2: Started investing with a few thousand rupees<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Just like every typical Indian father, Rakesh\u2019s father permitted him to follow his passion only after finishing his professional degree. Jhunjhunwala completed CA in 1985 and expressed his burning desire to enter the stock market to his father. To this, Rakesh\u2019s father replied, \u201cDo it on your own and don\u2019t ask anyone for money.\u201d With that in mind, Rakesh started <a href=\"https:\/\/www.tickertape.in\/blog\/online-trading\/?utm_source=blog&amp;utm_medium=article\">his journey in the stock market<\/a> with his hard-earned Rs. 5,000.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-No-3-Minted-the-first-big-profit\"><\/span>Fact No. 3: Minted the first big profit<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In 1986, Rakesh bought 5,000 shares of Tata Tea trading at Rs. 43 apiece. Within 3 mth, the stock rose to Rs. 143 giving Rakesh a huge profit of Rs. 5 lakh. During 1986-1989, he made more such trades that earned him gains of about Rs 20-25 lakh.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-No-4-Love-for-street-food\"><\/span>Fact No. 4: Love for street food<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Rakesh is a foodie and loves street food, dosa, and Chinese cuisine. His love for Pav Bhaji makes him a Mumbaikar at heart. Pleasantly, Rakesh prefers Pav Bhaji cooked at home by his wife Rekha over the street variant. Apart from eating, he also enjoys watching food shows.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-No-5-Venturing-into-Bollywood\"><\/span>Fact No. 5: Venturing into Bollywood<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Rakesh is a big fan of Bollywood. He has produced films such as English Vinglish, Shamitabh, and Ki &amp; Ka. In 1999, with four other partners, he launched Hungama Digital Media as an online promotions agency and is now Chairman of the same. Later, it was renamed Hungama Digital Media Entertainment Pvt. Ltd. As of 2021, Hungama Music and Hungama Play are available in the OTT market.<\/p>\n\n\n<span class='bctt-click-to-tweet'><span class='bctt-ctt-text'><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.tickertape.in%2Fblog%2Ffacts-about-rakesh-jhunjhunwala%2F&#038;text=Rakesh%20is%20a%20big%20fan%20of%20Bollywood.%20He%20has%20produced%20films%20such%20as%20English%20Vinglish%2C%20Shamitabh%2C%20and%20Ki%20%26%20Ka%21&#038;via=TickertapeIN&#038;related=TickertapeIN' target='_blank'rel=\"noopener noreferrer\">Rakesh is a big fan of Bollywood. He has produced films such as English Vinglish, Shamitabh, and Ki &amp; Ka! <\/a><\/span><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.tickertape.in%2Fblog%2Ffacts-about-rakesh-jhunjhunwala%2F&#038;text=Rakesh%20is%20a%20big%20fan%20of%20Bollywood.%20He%20has%20produced%20films%20such%20as%20English%20Vinglish%2C%20Shamitabh%2C%20and%20Ki%20%26%20Ka%21&#038;via=TickertapeIN&#038;related=TickertapeIN' target='_blank' class='bctt-ctt-btn'rel=\"noopener noreferrer\">Click To Tweet<\/a><\/span>\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Rakesh Jhunjhunwala I 8 Interesting Facts I Warren Buffet of India I E5\" width=\"770\" height=\"433\" src=\"https:\/\/www.youtube.com\/embed\/PszvoJ_A5Ng?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-No-6-Giving-back-to-society\"><\/span>Fact No. 6: Giving back to society<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Rakesh says that he isn\u2019t a philanthropist but hopes to be one. He has committed to donating 25% of his portfolio or Rs. 5,000 cr, whichever is lower on his 60th birthday. His father, who passed away in 2008, always used to encourage him to do charity. So from 2008, Rakesh started giving 25% of his <a href=\"https:\/\/www.tickertape.in\/blog\/ex-dividend-rate\/?utm_source=blog&amp;utm_medium=article\">dividend<\/a> income as charity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-No-7-Being-the-king-of-dividends\"><\/span>Fact No. 7: Being the king of dividends<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Rakesh\u2019s portfolio has a sea of stocks that offer <a href=\"https:\/\/www.tickertape.in\/blog\/cash-dividend-vs-stock-dividend\/\">dividend<\/a> returns in crores. Here are a few numbers: Rakesh holds about 3.93 cr shares of the <a href=\"https:\/\/www.tickertape.in\/stocks\/titan-company-TITN?&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Titan Company<\/a>, which announced Rs. 4 per share as dividends in August 2020. That\u2019s approximately Rs. 15.7 cr in dividends. Next, he and his wife Rekha together hold about 39.75 lakh shares in Crisil. It has given Rs. 19 per share as dividends over three interim periods in 2020. That\u2019s about Rs 7.5 cr. On top of that, there might be another dividend giveaway before March 2021.<\/p>\n\n\n\n<p>If you want to know how much dividends any listed company provides, visit the respective Stock Page on <a href=\"http:\/\/www.tickertape.in?utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Tickertape&#8217;s website<\/a>. Alternatively, you can also launch the Tickertape app, search for the stock, and check the Events tab.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-No-8-One-of-the-top-rated-stock-market-investors-in-India\"><\/span>Fact No. 8: One of the top-rated stock market investors in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With time, Rakesh Jhunjhunwala has identified gems and has created a solid multi-bagger portfolio. His <a href=\"https:\/\/www.tickertape.in\/blog\/net-worth\/\">net worth<\/a> grew from around Rs. 9,168 cr in March 2020 to Rs 16,266 cr in Jan 2021, making him one of the richest stock market investors in India. It has also earned him titles like \u201cthe Big bull of the Indian Stock market\u201d and \u201cthe Warren Buffet of India\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From 2008, Rakesh started giving 25% of his dividend income as charity. Read other interesting facts about him here<\/p>\n","protected":false},"author":27,"featured_media":4538,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[9,1758],"tags":[765,44,766],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/09\/Facts-Rakesh-Jhunjhunwala.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4536"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=4536"}],"version-history":[{"count":5,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4536\/revisions"}],"predecessor-version":[{"id":4544,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4536\/revisions\/4544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/4538"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=4536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=4536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=4536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}