Old Village Man Holding L&T, UltraTech Shares Worth Rs 100 Crore Sends Shockwaves – News18

People say simplicity is a choice, and this sentiment was perfectly exemplified in the case of an elderly gentleman leading an exceptionally simple life in a rural village. What caught everyone’s attention, though, was the revelation that he possessed shares worth a staggering Rs. 100 crore! Yes, you read that correctly. In a viral social media post, the unassuming man, clad in modest regional attire, engaged in a conversation in his native language with someone behind the camera. During this exchange, he disclosed the names of the shares he held and the corresponding investment amounts.

As revealed in the viral post by the ‘X’ user Rajiv Mehta, the caption unveiled his holdings: “He is holding shares worth…₹80 crores L&T…₹21 crores worth of Ultratech cement shares…₹1 crore worth of Karnataka bank shares. Still leading a simple life.”

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Additionally, the man revealed that he earns approximately Rs. 6 lakh in dividends each year. This revelation left the internet astounded, as they began calculating the dividends he must be accruing from his investments.

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Commenting on this, one user emphasised, “That’s called the Power of Simplicity, the Power of Compounding over the period & staying away from Panic Sell. Investing can change the paradigm shift of wealth creation over other factor.” Another user praised the man, saying, “Nice to see the simple man has nice stocks in portfolio.”

However, some individuals questioned the accuracy of the numbers. As one user speculated, “Bhai 27,000 L&T shares = 8 cr no?

Similarly 3.2 cr. of Ultratech

10 lakh of Ktk bank…It’s a decent amount still. More power to him.”

“The numbers need to be corrected. Dividend should be more than what he tells. But if the holdings are true, nothing more is required to live humbly in village,” said another. This sentiment was shared by many others who remained uncertain about the figures mentioned both in the caption and by the man himself.

Some individuals even raised valid concerns about how money should be put to practical use. One wrote, “There is nothing wrong in leading a simple life, but whether he is enjoying his wealth is important. If not, then his investment and wealth are useless.” Another perspective was shared by someone who stated, “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.”

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Since its initial sharing, the video has amassed over 1 million views.