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17.6.12

"I'm Jhunjhunwala", not India's Buffett



MUMBAI: India's best known stock investor, billionaire Rakesh Jhunjhunwala, doesn't much like the moniker of 'India's Warren Buffett'.

"It's not a fitting comparison. In terms of wealth and success and maturity, he's far, far ahead," says Jhunjhunwala in an interview at his office in a prime location in Mumbai overlooking the Arabian Sea.

Much like the famed Omaha investor, Jhunjhunwala has made a fortune from some savvy investments - Forbes magazine puts his net worth at $1.1 billion, ranking him 41st on India's rich list - but the similarities end there. Dressed simply in a white shirt and grey pants, he draws heavily on a cigarette, burps loudly, tells ribald jokes and peppers his interview with the cliches and one-liners that have become his stock-in-trade.