Rakesh Jhunjhunwala
Rakesh Jhunjhunwala
Alok Brahmbhatt for Forbes India
At a Glance
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Age53
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Earnings$1150 Million
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Source of earningsInvestments
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Marital StatusMarried
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Children3
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ResidenceMumbai
Forbes India Lists
#61 India Rich List 2013
Profile
Veteran investor, often called India's Warren Buffett, Rakesh Jhunjhunwala held on to bulk of his stocks, despite a falling rupee and volatile stock market. He says he remains confident in the India story and views the country's economic woes as problems that will sort themselves out eventually. He continues to back export-oriented sectors like pharma, and counts drugmaker Lupin, a stock he invested in over a decade ago, among his top holdings. His newfound love for horse racing prompted him to buy 20 racehorses, which he co-owns with friends, in past 2 years. He recently bought 6 apartments in a south Mumbai building for $28 million.
