Rising from ₹5,000 in 1985 to a staggering ₹35,000 crore by 2022, the life journey of India’s Big Bull, the late Rakesh Jhunjhunwala, stands as an investment masterclass. He was often referred to as India’s Warren Buffett though he would humbly say that Buffett was ‘far ahead of him’.
“It’s not a fitting comparison (with Warren Buffett)," he had once told news agency Reuters in an interview in 2012. “In terms of wealth and success and maturity, he’s far, far ahead.”
India’s one of the most successful investors Rakesh Jhunjhunwala left the world on August 14, 2022. But his legacy lives and shall endure for generations to come.
Jhunjhunwala invested in several companies across sectors under his name and his wife’s name Rekha Jhunjhunwala. He also invested through his privately-owned investment advisory and asset management firm Rare Enterprises. After his death, Rekha Jhunjhunwala inherited the portfolio.
In the last one year, Jhunjhunwala’s portfolio has grown significantly. The net worth of his portfolio stood at ₹25,397.54 crore at the end of the June 2022 quarter which swelled to ₹38,366.4 crore by the end of the June 2023 quarter, according to Trendlyne data.
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