Moving Markets
MARWAR | Rakesh Jhunjhunwala, often compared to Warren Buffett, is one of India’s biggest and most successful traders and investors, with a net worth of $1.95 billion. A proud Marwari and a family man, Jhunjhunwala had pledged to give Rs. 5,000 crore or 25 per cent of his portfolio value, whichever is less, to charity when he turns 60 in 2020. MARWAR meets the man to learn more about his life and work.
Time is money, and no one knows it better than Rakesh Jhunjhunwala. “I would like to show you a video that my friends and colleagues made for my 50th birthday,” he had told us over the phone. As we enter his office at the predetermined time, we find him peering at a computer screen, his index finger ready to hit the start button of the video recording. Not a minute wasted, he plays the video for us, even as four large tradin g terminals, with their numerous digits that change faster than we can follow, flash in front of us.
Rakesh Jhunjhunwala, the $1.95 billion worth trader and investor, often referred to as the Warren Buffett of India, has his office on the 15th floor of Nariman Bhavan at Nariman Point, Mumbai. As the setting sun outside turns the Arabian Sea into a golden shimmering blanket, we decide to delve into the life of the golden boy of the world of trading and investment. His candour and simplicity surprise us, as does the story of his self-sustained career and benevolence.
