02 September 2008

Rakesh Jhunjhunwala - Fobs - The World's Indian Billionaires

#1062 Rakesh Jhunjhunwala

Age: 47

Fortune: self made

Source: investments

Net Worth: $1.0 bil

Country Of Citizenship: India

Residence: Mumbai , India.

Industry: Investments

Marital Status: married, 1 child

Education: Bombay University, Bachelor of Arts / Science

Often referred to as India's Warren Buffett. Son of an income tax officer, he started dabbling in stocks while in college. Rather than take a job, plunged into investing, starting with $100 in 1985 when the Bombay Stock Exchange Index was at 150; it is now over 17,000. His privately owned stock trading firm Rare Enterprises, derives name from first two initials of his name and wife Rekha's name. Fond of cigars and whiskey, which he consumes every day.

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