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02 September 2008
Rakesh Jhunjhunwala - Fobs - The World's Indian Billionaires
#1062 Rakesh Jhunjhunwala
Fortune: self made
Net Worth: $1.0 bil
Country Of Citizenship: India
Residence: Mumbai , India.
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.