
A Chartered Accountant by qualification, the king of bulls in the stock market started dabbling in stocks while still in college. An investor with the midas touch, Jhunjhunwala's early bets on Metro Brands Star health insurance paid off well.
His privately owned stock trading firm Rare Enterprises derives its name from the first two initials of his name and his wife Rekha's.
Jhunjhunwala earned his first big profit in 1986 when he bought 5000 shares of Tata Tea at Rs 43 and the stock rose to Rs 143 within three months. In three years, he earned Rs 20-25 lakhs.
His investments included Fortis Healthcare, Aurobindo Pharma, Ion Exchange, Lupin, Geojit Financial Services, VIP Industries, Rallis India, Jubilant Life Sciences and more.
Jhunjhunwala's latest venture Akasa Air made its maiden flight a week ago on August 7. He called it "not a low-cost airline" but a "frugal airline".
At the time of his death, he was the 48th richest man in the country according to Forbes India's 100 richest people list and was ranked at 440th position on the Forbes real-time world billionaires list.
Fortis Healthcare, a Rakesh Jhunjhunwala portfolio stock, has risen more than 8 per cent in the last month and is extending its gains as of August 10.
According to media reports, here are some of the famous bets made by the veteran investor:
HITS
MISSES
*Holding Value in crores