Story of Rakesh Jhunjhunwala whose death has shocked the nation
The story of a man who wanted to do business. Wanted to try his luck in the stock market, but his father did not give him a single penny. He clearly said that if you want to make money in the stock market, first earn yourself, then invest. This story is of none other than Rakesh Jhunjhunwala, who is called the Big Bull of the Indian stock market, who said goodbye to this world this morning (August 14). Now the question arises that how did Rakesh Jhunjhunwala earn so much despite not getting a single penny from his father? How did he become the Big Bull of the stock market?
How did Jhunjhunwala get hooked on the stock market?
Rakesh Jhunjhunwala's family, who was born on July 5, 1960, never even thought that their son would become a billionaire. Actually, Rakesh's father Radheshyam Jhunjhunwala was an officer in the Income Tax Department. He often used to invest money in the stock market. Seeing them, Rakesh also got hooked to invest in the stock market. He clearly told Rakesh Jhunjhunwala that if you want to invest money in the stock market, then first earn yourself. Even refused to borrow from a friend.
How did Jhunjhunwala get money for investment?
Now the question arises that from where did Rakesh Jhunjhunwala get the money to invest in the stock market when the father refused to give money and borrow it from anyone? In such a situation, Rakesh Jhunjhunwala reached a client of his brother and asked for a loan of five thousand rupees, claiming big profit. He had invested this five thousand rupees in the stock market in 1985 and started climbing the summit of success.
Already got success in stake
You will not believe that Rakesh Jhunjhunwala tasted success even before investing five thousand rupees in 1985. Gradually this amount increased to more than two lakh rupees, due to which he bought five thousand shares of Tata Group company Tata Tea at a price of Rs 43 per share. These stocks climbed very fast in just three months. Jhunjhunwala sold all the shares of Tata Tea at Rs 143 per share and the amount tripled in just three months.
Tata made Jhunjhunwala a billionaire
Now let us tell you how Jhunjhunwala became the Big Bull of the stock market? Actually, Rakesh Jhunjhunwala joined the list of millionaires in just three years by betting on selected stocks, but his fortunes once again shone by the Tata Group. In 2003, he bet on Tata Group's company Titan. He bought six crore shares of Titan at Rs 3 per share, which soon became Rs 7000 crore. At present, the total assets of Rakesh Jhunjhunwala are said to be around 41 thousand crores.