Big Bull said he belonged to a middle class family. When he was young, he had very rich friends. But, his father taught him: “Always aspire, never envy." He thought he had a legal right and the aspiration to want the greatest fortune in the world as long as he employed the proper methods.
Also Read: Rakesh Jhunjhunwala’s dance in wheelchair is the most emotional thing you’ll watch today
And, then, he gave a valuable lesson in life for those wanting to be wealthy. If we come across someone wealthy or powerful, we should constantly strive to be like them rather than feeling envious because jealousy leads to resentment and conflicts, according to India’s Warren Buffett.
Rakesh Jhunjhunwala spoke about his father, whose primary preoccupation throughout his entire life had been what RJ ought to be doing with his fortune. His father was a middle-class man, and Jhunjhunwala shared a home with him for the entirety of his life. The son always resided in the father’s house; the father never lived in the son’s house. His father never gave a hoot about how wealthy he was; instead, he was more interested in how much charity he gave.
Also Read: Rakesh Jhunjhunwala: India's Warren Buffett's image was not soiled with scams
Rakesh Jhunjhunwala learned the value of giving from his father. He instructed the billionaire investor to give everybody who came to his door and requested money either ₹100 or ₹1 lakh, depending on how he felt, but never to let them go without receiving anything.
When his father came to know that he was among the Forbes list of billionaires, he said, he was very happy to know that his son was on the list. But, at the same time, he thought his son should be ashamed of having billions of dollars of money without giving away a few dollars in charity.
At the event, which the US Consulate organised in Mumbai, Jhunjhunwala said that he realised that he had much less riches than people believed he did, but much more than what he actually needed.
Also Read: Rakesh Jhunjhunwala Quotes: Here are 10 stock market investing mantras
Jhunjhunwala said, for a 50-year-old man like him, life expectancy was limited because if he consumed six pegs of whiskey daily, smoked 25 cigarettes per day, did not exercise, and ate ‘like a pig’.
A sudden cardiac arrest claimed the life of renowned stock market investor Rakesh Jhunjhunwala on August 14. He was 62.
