Rakesh Jhunjhunwala – Our Key Learnings

Rakesh Jhunjhunwala is often referred to as the “Warren Buffett of India”.

Welcome to our blog!

Before we share our takeaways, learnings, here is a brief about Rakesh Jhunjhunwala

Rakesh Jhunjhunwala (born 1960) is an Indian billionaire investor and trader who began his career in 1985 as a stock trader with a meagre capital of Rs. 5,000 and went on to become one of India’s most successful investors, known for his ability to spot multi-bagger stocks. He is a frequent commentator on business news channels and his views on the market are closely followed by investors and traders alike. As of 2021, his net worth was estimated to be over $5.8 billion USD (Approx 48k Crores in 40 years – Average per year is around 1200 Crores per annum or 100 crores per month!!)

Our Takeaways:

1) Jhunjhunwala started from a small background but went on to accumulate wealth of around INR 48,000 crores during his lifetime. Most of the wealth was made during his last decade, using Power of Compounding!!

2) We can’t earn 48,000 crores  in our life by working for others (Salaried employee or Corporate employee or holding Senior Positions) or investing in Fixed Deposits, but we can do that by “Investing in businesses” which is a key asset class (Equities) for creating wealth, rather than relying on other forms of investment like real estate.

3) One of the Jhunjhunwala’s powerful quote “My worst investment has been my health. I would encourage everybody to invest the most in that”

We have summarized the learnings in a two minute video – and here is the link – https://bit.ly/r3Rakesh

Two Key Learnings:

1) “Health is True Wealth!!” – It is important to create wealth, It is equally more important to take care of one’s health

2) Investing in businesses can accelerate wealth creation compared to other forms of investment, be it Real Estate or Fixed Income investment

Image courtesy: Google Search, Business Today