Rakesh Jhunjhunwala Net Worth
Rakesh Jhunjhunwala Net Worth: Rakesh Jhunjhunwala is an Indian investor and trader who has a net worth of $1.5 billion. A qualified Chartered accountant and veteran investor, Rakesh Jhunjhunwala is often called India's Warren Buffett for managing to sustain the bulk of his stock apart from the falling rupee and volatile stock market. Jhunjhunwala has never stopped believing in his country, seeing its problems as temporary obstacles that eventually will be surmounted. So far, he has forecasted the return of a bull market and still supports back export-oriented sectors like those in the pharmaceutical industry. As some of his top interest stand out drugmaker Lupin, in which he acquired his stock in over a decade ago. Also he continues to back mid-cap companies that he believes are undervalued in such fields as media, outsourcing and housing finance. Needless to say, Rakesh Jhunjhunwala has been managing his own portfolio by himself as a partner in his asset management firm, Rare Enterprises. Having found a new passion for horse racing, he decided to buy 20 racehorses, which he co-owns with friends, in the last 2 years. Most recently, he bought extended his properties by spending $28 million for 6 apartments in a south Mumbai condo.