Rakesh Jhunjhunwala, ‘India’s Warren Buffett’

With just $5,000 in the mid-eighties and an investment that has grown to over 46 billion dollars (around Rs 38 000 crore)

 Rakesh Jhunjhunwala is one of India's most successful stock market investors.

Rakesh Jhunjhunwala, a partner at RARE Enterprises who rose to amass USD 5.8 billion and earn the tag of India's biggest individual investor was broadly an exception in this regard

 he left behind less baggage than others like Harshad Mehta or Ketan Parekh whose rise has been tarnished

 scam links that came along way during 1990s when market-based economy took root here

The Minister of Commerce and Industry, Piyush Goyal paid tribute to Jhunj HUNwala for his contribution in wealth creation during the Digital India week. He also expressed condolences

The Forbes list included him among their top twenty-two wealthiest people globally with an estimated net worth at $5 billion dollars!

Starting with a small capital base in the eighties, Rajesh Jhunjhunwala built a massive portfolio

Rakesh Jhunjhunwala’s 5 investment strategies

Jhunjhunwala always believed in ‘buying right and sitting tight’. That is, do your own research before making any investment decisions; buy the company's shares when they are cheapest

1.buying right and sitting tight

When asked about how he handles getting emotional while investing his own money, Rakesh said there are certain times where emotions can get involved but they don't last long

2. Never get emotional

Patience pays off. It's a lesson that Jhunjhunwala learned the hard way, and it has helped him build one of India’s most profitable private equity funds to date with an IRR rate over 80%

3. Patience is the key