Rakesh Jhunjhunwala
Net Worth : $1.87 billion(as of 2014-15) He started his career in 1985 when the BSE Sensex was at just at 150. He made his first big profit of Rs 5 Lacs in 1986 when he sold out 5,000 shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 a share just 3 months prior. Between 1986 and 1989, he had earned Rs 20–25 million. Savvy investor Rakesh Jhunjhunwala who manages his own money through his Rare Enterprises and had correctly predicted the return of a bull run, is enjoying the fruits of that coming to pass. The Indian stock market is up by 44% in the past year and so is his portfolio. "This is only the beginning," he says. Notable buys include a 4% stake in commodities exchange MCX. He's also betting on home mortgages and has a stake in fellow billionaire Sameer Gehlaut's Indiabulls Housing Finance. He has pledged to donate $1.8 million to the newly established Ashoka University. Jhunjhunwala, who dabbles in Bollywood, has co-produced Shamitabh, a film starring legendary actor Amitabh Bachchan. The man is often called ‘India’s Warren Buffet’. And like the American investor, the Indian bull is also known for his long-term bets. At the same time, he doesn’t undermine the importance of “trading” as it has given him the capital to place long-term bets and become a master predator. Recently, he has donated 5000 crores for charity.
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