Rakesh Jhunjhunwala Net Worth
Rakesh Jhunjhunwala Net Worth: Rakesh Jhunjhunwala is an Indian investor and trader with a net worth of $1.5 billion. A qualified chartered accountant and veteran investor, Rakesh Jhunjhunwala is often referred to as India’s Warren Buffett as he has managed to maintain most of his holdings amid a falling rupee and volatile stock markets.
Jhunjhunwala never stopped believing in his country, seeing its problems as temporary obstacles that would eventually be overcome. So far, he has predicted the return of the bull market and still supports export-oriented industries like the pharmaceutical industry. He is most interested in drugmaker Lupin, in which he bought his own stock more than a decade ago. Additionally, he continues to support mid-cap companies he believes are undervalued in areas such as media, outsourcing and housing finance. Needless to say, Rakesh Jhunjhunwala has been managing his own portfolio as a partner at his asset management firm Rare Enterprises. Having developed a new passion for racing, he decided to buy 20 racehorses with friends over the past two years. He recently expanded his property by buying six apartments in a condominium in South Mumbai for $28 million.
