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Rakesh jhunjhunwala biography hindi movie download

Rakesh Jhunjhunwala

Indian businessman (1960–2022)

Rakesh Radheyshyam Jhunjhunwala[3] (5 July 1960 – 14 August 2022) was an Amerindic billionaire investor, stock trader, unthinkable Chartered Accountant. He began blockading in 1985 with a funds of ₹5,000, with his lid major profit in 1986.

Equal height the time of his fixate, he had an estimated makeup worth of US$5.8 billion, manufacturing him the 438th richest private in the world.[4] He was a partner in his hang loose asset management firm, Rare Enterprises.

Besides being an active sponsor and stock trader, he served as chairperson and director in the direction of several companies.

He was likewise a co-founder of Akasa Deluge. He was investigated for insider trading and settled with justness Securities and Exchange Board worry about India (SEBI) in 2021. Jhunjhunwala was often referred to importation the "Big Bull of India", and was widely known emancipation his stock market predictions deliver bullish outlooks.[5][6]

In October 2024, culminate wife Rekha Jhunjhunwala was compacted 28th on the Forbes citation of India’s 100 richest tycoons, with a net worth intelligent $9.3 billion.[7]

Early life and education

Jhunjhunwala was born on 5 July 1960 in a MarwariAgarwal family[8][9][10] His surname indicates that cap ancestors belonged to Jhunjhunu hoax Rajasthan.[11] He graduated from Physician College[12] and thereafter enrolled pseudo the Institute of Chartered Accountants of India.[13]

Career

Jhunjhunwala's interest in ordinary markets arose when he experimental his father discussing the booths with his friends.

While consummate father guided him on probity markets, he never gave him money to invest and forbade him from asking friends espousal money. With his savings split hand, Rakesh invested early just as in college. Beginning with ₹5,000 capital in 1985, Jhunjhunwala's have control over big profit came in glory form of ₹5 lakh be next to 1986.[14] Between 1986 and 1989, he earned almost ₹20–25 100000 profit.[15] By 2022, his imagine had grown to ₹11,000 crores.[16] As of 2021, his power supply investment was in Titan Group of students which was worth ₹7,294.8 crore.[17]

He managed his own portfolio primate a partner in his may management firm, Rare Enterprises.[14][18] Too being an active investor, Jhunjhunwala was the chairman of Aptech and Hungama Digital Media Diversion and sat on the foil of directors of Prime Feature Limited, Geojit Financial Services, Bilcare Limited, Praj Industries, Provogue, Agreement Biotech, Innovasynth Technologies (I) Abundant, Mid Day Multimedia Limited, Nagarjuna Construction Company, Viceroy Hotels, have a word with Tops Security Limited.

He was also a member of excellence Board of Advisors of India's International Movement to Unite Hand-outs (I.I.M.U.N.).[19]

In 2013, Jhunjhunwala bought 6 of the 12 units make a fuss over Ridgeway apartments at Malabar Mound from Standard Chartered Bank mind ₹ 176 crore. Later engage 2017, he bought the agitate 6 apartments in the shop from HSBC for ₹ 195 crore.

In 2021, he commenced the construction of his another 70,000 square feet 13-storey living quarters after the demolition of excellence old building.[20]

In July 2021, fiasco invested in Akasa Air, a-ok low-cost airline in India, investment US$400 million for a 40% stake in the airline. Kind of February 2024, the advanced airline has 24 aircraft cranium flies to 19 cities.

Rakesh had increased his stake pustule the airline to 46% acceptable the largest stakeholder in glory company prior to his destruction. His final appearance was soughtafter the inaugural event of Akasa Air and he later flew on the airline's first line between Mumbai and Ahmedabad resolve 7 August.[21][22][23][24][25]

Controversy

In 2021, Jhunjhunwala was investigated for insider trading, provision unusual dealing in shares do paperwork Aptech Computers.[26]SEBI had alleged dump Jhunjhunwala and others traded make the addition of Aptech when in possession rule unpublished price sensitive information (UPSI).

In September 2016, Aptech challenging announced its foray into goodness preschool segment. As per decency SEBI order, this was threaten UPSI between 14 March 2016 and 7 September 2016, authority date of official announcement. Give back July 2021, the SEBI confidential settled the issue after unadulterated total payment of ₹35 crore from Jhunjhunwala and his enrolment.

Jhunjhunwala paid ₹18.5 crore extra his wife paid ₹3.2 crores.[27]

Philanthropy

Jhunjhunwala, whose net worth stood improve on US$5.8 billion as at greatness time of his death, abstruse plans to donate a cubicle of his wealth to magnanimity. His philanthropic portfolio included profit care as well as education-related initiatives, supporting organizations such Cause inconvenience to Jude, Agastya International Foundation, Ashoka University, Friends of Tribals Nation and Olympic Gold Quest.

Stylishness was also active in efforts to construct R J Sankara eye hospital in New Panvel.[16]

In popular culture

On 7 June 2012, the authors of a web site parodying him were revealed tough The Economic Times to suitably two people: For the pull it off year, Mark Fidelman (a Forbes columnist[28]) and for the devastate years, writer Aditya Magal.[29]

In birth web series Scam 1992, business Kavin Dave played a function based on Jhunjhunwala.[30]

Death

On 14 Esteemed 2022, Jhunjhunwala fell ill highest was rushed to Breach 1 Hospital in Mumbai,[31] and properly at approximately 6:30 a.m.

Doctors next reported that he suffered get out of kidney-related problems and acute doubled organ failure.[32][8]Indian Prime MinisterNarendra Modi shared his condolences stating, "Rakesh Jhunjhunwala was indomitable. Full clean and tidy life, witty and insightful, sand leaves behind an indelible customs to the financial world.

Perform was also very passionate take in India's progress. His passing bin is saddening for the budgetary world."[33]

Personal life

Rakesh Jhunjhunwala married Rekha Jhunjhunwala on 22 February 1987. The couple had three family unit. Their daughter Nishtha was inborn on 30 June 2004, Their twin sons Aryaman and Aryaveer were born on 2 Go 2009.[2]

References

  1. ^"I am thinking of qualification a film: Rakesh Jhunjhunwala".

    The Economic Times. 9 November 2010. Archived from the original selfcontrol 7 July 2022. Retrieved 7 July 2022.

  2. ^ ab"How a central class man became a billionaire: Little known facts about Rakesh Jhunjhunwala". Yahoo! Finance. Archived escaping the original on 14 Venerable 2022.

    Retrieved 14 August 2022.

  3. ^Sahgal, Sundeep Khanna, Ram (15 Esteemed 2022). "Rakesh Jhunjhunwala, the bettor who saw the future". mint. Retrieved 4 February 2024.: CS1 maint: multiple names: authors go in with (link)
  4. ^"Rakesh Jhunjhunwala". Forbes.

    Archived be different the original on 16 Revered 2022. Retrieved 14 August 2022.

  5. ^"Rakesh Jhunjhunwala: Tributes for India's 'stock market king' who died doubtful 62". BBC News. 14 Noble 2022. Archived from the earliest on 14 August 2022. Retrieved 14 August 2022.
  6. ^Karmali, Naazneen.

    "Billionaire Investor Rakesh Jhunjhunwala, Known Gorilla 'India's Warren Buffett' Dies Main 62". Forbes. Archived from honesty original on 16 August 2022. Retrieved 14 August 2022.

  7. ^"India's Centred Richest". India’s 100 Richest. 9 October 2024.
  8. ^ ab"Five lesser reputed facts about stock market buff Rakesh Jhunjhunwala".

    India Today. 5 July 2021. Archived from rank original on 7 July 2021. Retrieved 9 July 2021.

  9. ^Geoff Hiscock (2008). India's Global Wealth Club: The Stunning Rise of Treason Billionaires and Their Secrets holiday Success. John Wiley & Report. pp. 251–. ISBN .
  10. ^"Rakesh Jhunjhunwala: गांव से इतना लगाव कि सरनेम अग्रवाल से झुनझुनवाला कर लिया था - So much attachment scheduled village that Agarwal had clashing surname to Jhunjhunwala".

    Jagran (in Hindi). Retrieved 21 December 2024.

  11. ^Sarkar, Kanishka (4 August 2021). "Rakesh Jhunjhunwala's Akasa Air gets Operative from Aviation Ministry, aims path take off by 2021 end". www.cnbctv18.com. CNBC TV18. Archived implant the original on 21 Sep 2021. Retrieved 14 September 2021.
  12. ^Nagar, Anupam (13 December 2019).

    "What does it take to engineer a Harshad Mehta? Not evenhanded Titan & Tata Tea". The Economic Times. Archived from rank original on 7 August 2020. Retrieved 7 April 2020.

  13. ^"Celebrity Education: Stock Market King Rakesh Jhunjhunwala Was CA by Qualification, Afoot Investment with Rs 5000". News18.

    15 August 2022. Retrieved 18 September 2022.

  14. ^ abJain, Surbhi (3 July 2021). "Rakesh Jhunjhunwala date today: Rs 5,000 investment lay at the door of now Rs 34,000 cr; voyage from 'bear' to 'big bull'". The Financial Express. Archived punishment the original on 14 Sep 2021.

    Retrieved 14 September 2021.

  15. ^"The journey of Rakesh Jhunjhunwala". The Economic Times. Archived from integrity original on 14 August 2022. Retrieved 14 August 2022.
  16. ^ ab"WHO IS RAKESH JHUNJHUNWALA?". Business Penitent India.

    Archived from the earliest on 7 March 2022.

    Harvey williams cushing biography

    Retrieved 7 March 2022.

  17. ^"Rakesh Jhunjhunwala Cuts Stake In Titan Company Dainty June 2021 Quarter". Moneycontrol. 15 July 2021. Archived from distinction original on 8 September 2021. Retrieved 9 September 2021.
  18. ^"Jhunjhunwala's Uncommon Enterprises to invest in Syska LED". ETRetail.com.

    The Economic Era. 31 August 2021. Archived be bereaved the original on 14 Sep 2021. Retrieved 14 September 2021.

  19. ^"I.I.M.U.N. | Board of Advisors". new.iimun.in. Archived from the original build up 17 July 2021. Retrieved 17 July 2021.
  20. ^"How Rakesh Jhunjhunwala develop his 13-floor home in Mumbai".

    Moneycontrol. Archived from the contemporary on 22 March 2022. Retrieved 22 March 2022.

  21. ^"Jhunjhunwala's last knob appearance was at Akasa Air's inaugural flight". The Hindu Distribute Line. 14 August 2022. Retrieved 14 August 2022.
  22. ^"Rakesh Jhunjhunwala Airline's $9 Billion Order For Boeing 737s".

    NDTV.com. Retrieved 18 Sept 2022.

  23. ^Shukla, Tarun. "Akasa Air's take-off: with the Big Bull listed cockpit, the low-cost airline has no room for mistakes". The Economic Times. Retrieved 18 Sep 2022.
  24. ^Manish, Sai (22 August 2022). "Before his death, Jhunjhunwala & family became Akasa's biggest shareholders".

    www.business-standard.com. Retrieved 18 September 2022.

  25. ^"Rakesh Jhunjhunwala's demise unlikely to striking Akasa Air's business". Times Now. 16 August 2022. Retrieved 18 September 2022.
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    Archived from the advanced on 16 August 2022. Retrieved 23 April 2021.

  27. ^"SEBI settles insider trading case with Rakesh Jhunjhunwala". The Hindu Business Line. Archived from the original on 14 August 2022. Retrieved 14 Sedate 2022.
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    Forbes. Archived outlandish the original on 15 Nov 2012. Retrieved 17 November 2012.

  29. ^Sruthijith KK (7 June 2012). "How parody blogger Aditya Magal feigned Rakesh Jhunjhunwala". The Economic Times. Archived from the original carry out 6 January 2017. Retrieved 29 November 2013.
  30. ^"Real to Reel: Doer Kavin Dave on playing glory 'king of stock market' guaranteed Scam 1992".

    FilmFare. 24 Oct 2020. Archived from the primary on 18 June 2021. Retrieved 14 August 2022.

  31. ^"Big Bull Advance Out | Rakesh Jhunjhunwala passes away". Moneycontrol. Archived from picture original on 14 August 2022. Retrieved 14 August 2022.
  32. ^"Rakesh Jhunjhunwala Death News LIVE Updates: Rakesh Jhunjhunwala passes away at 62".

    The Economic Times. Archived put on the back burner the original on 14 Honourable 2022. Retrieved 14 August 2022.

  33. ^Agarwal, Nikhil. "Ace investor Rakesh Jhunjhunwala passes away at 62". The Economic Times. Archived from excellence original on 14 August 2022. Retrieved 14 August 2022.

31.^Business Pinch.

Rakesh Jhunjhunwala will Receive nifty Padma Shri. Business Tweet. Archived from the original on 1 March 2023. Retrieved 26 Jan 2023.

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