Starting from just Rs.5000 Rakesh Jhunjhunwala built a net worth of $5.8B
Rakesh Jhunjhunwala, often referred to as India's Warren Buffet, died on 14th August. He was known as the father of share market. On August 16, India woke up to the news of the death of Rakesh Jhunjhunwala. According to his magnanimity, anyone who believes he was born into the elite and has remained such his whole life is mistaken. Rakesh Jhunjhunwala was born in Bombay to a middle-class Marwari family.His father was an income tax commissioner, and it was through him that his passion in all things financial took flight. After graduating from Mumbai and earning his CA in 1985, he entered the stock market with no financial assistance from his father. His investing adventure, on the other hand, has been nothing short of a roller coaster trip. Starting with a paltry 5000/- investment, which at the time was considered pricey by standards, he made tremendous profits. Rakesh made a profit of INR 5 lakhs in the first year by investing in Tata Tea. He purchased shares...