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Thursday, February 29, 2024

Viral Video: Elderly Man Claims To Have Rs 102 Crore Worth Of Shares

In an era where simplicity is rarely seen or heard of, especially among the rich who prefer to show off their lavish lifestyle, a viral video of an elderly man on Twitter (now X) has brought to light an inspirational figure.

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What Does The Viral Video Show?

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A video is going viral on X, showing an elderly man whose lifestyle embodies simplicity, even as he claims to hold shares totaling mammoth Rs 102 crore. The viral video has already garnered 1.3 million views.

The viral video, shared by X (formerly Twitter) user, Rajiv Mehta, reveals the elderly gentleman’s holdings in major companies: Rs 80 crore in L&T, Rs 21 crore in Ultratech Cement, and Rs 1 crore in Karnataka Bank. 

He tweeted, “As they say, in investing, you have to be lucky once. He is holding shares worth ₹80 crores worth of L&T, ₹21 crores worth of Ultrtech cement shares, and ₹1 crore worth of Karnataka bank shares. Still leading a simple life.”  

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Also Read: All You Need To Know About Tata Group’s Most Expensive Stock

How Twitter Is Reacting To The Viral Video

Remarkably, the elderly man’s humble behaviour and simple living have won over netizens, making the video a focal point for discussions on wealth, lifestyle, and investment strategies. What has intrigued many is not the wealth he possesses but the unassuming life he leads.

The viral video, which has already garnered 1.3 million views on X, has sparked widespread commentary and reflection among the online community. Users have engaged in discussions, admiring the man’s steadfast approach to investments and his resilience in not succumbing to impulsive decisions during market fluctuations.

Deepak Shenoy, the founder and CEO of Capitalmind, a Bangalore-based investment research and wealth management startup, tweeted, “Bhai 27,000 L&T shares = 8 crore, no? Similarly, 3.2 crore of Ultratech and 10 lakh of Ktk bank It’s still a decent amount. More power to him. But please consider blurring his face; such publicity usually doesn’t do good, especially for old people living a simple life.”

Another user commented, ‘Which chart is Uncle following?”  

Another X user commented on the viral video, saying, “What’s the point then? Money is like fuel; what’s the point if you have a lot of it in the tank and no use for it? Simplicity is one thing, but not being able to spend at all on yourself is another. See, many accumulators find it very difficult to move to spending mode when they have enough.”

A Twitter user pointed out the approximate returns on the man’s stocks, mentioning, “Just taking the last 20 years (may be even older and would be greater for him, but just taking the last 20 years) returns of his stocks: Ultratech cements: 33x, L&T: 104x, and KTK Bank: 7.5x.”  

But some users pointed out the mismatch in the figures, which raised doubts on the truth behind the Rs 100 crore stocks’ claim.

Also Read: Anand Mahindra’s Latest Tweet Showing India’s First UPI ATM Goes Viral

For the latest and more interesting financial news, keep reading universo virtual Worth. Click here.

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