Rakesh Jhunjhunwala died, a billionaire, died at the age of 62. News reports say that Rakesh Jhunjhunwala, an expert investor, died on Sunday morning at the age of 62. We still don’t know what led to his death. Because he invested for the long term, the top investor often called the Warren Buffett of India. Prime Minister Narendra Modi, who had met Rakesh Jhunjhunwala earlier this year, took to Twitter to express his sadness over the death of the great investor. “Rakesh Jhunjhunwala was indomitable. He was full of life, funny, and wise, and he left an indelible mark on the world of finance. He also very interested in India’s development. His passing away is saddening. I’m sorry for his family and fans. “Om Shanti,” the Prime Minister’s tweet said. Follow stoptechy
Rakesh Jhunjhunwala died
The veteran investor, who known as India’s Warren Buffet, was a trader and a chartered accountant. TV news channels say that Jhunjhunwala was born on July 5, 1960, and grew up in a Rajasthani family in Bombay, where his father worked as a Commissioner of Income Tax. He is said to have graduated from Sydenham College and then joined the Institute of Chartered Accountants of India.
The billionaire investor was one of the most vocal people when it came to investing in India. In his last interview with CNBC TV18, Rakesh Jhunjhunwala reaffirmed his optimistic view of the Indian stock market. He had, however, warned investors that indices would grow more slowly than they had in recent years.
Forbes says Big Bull was worth more than $5.3 billion. Forbes said he was the 440th richest person in the world and the 38th richest person in India.
Networth of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala owned a long list of companies, but the Tata group’s Titan Company Limited often mentioned as his favourite stock. Titan’s stock is the one that Rakesh Jhunjhunwala owns the most of. Big Bull also owned Tata Motors, Indian Hotels, and Geojit Financial Services. He recently listed his own company, Star Health and Allied Insurance, on the stock exchanges. Rakesh Jhunjhunwala also got into the aviation business this month when Akasa Air took its first flight.
The billionaire investor ran Rare Enterprises, an asset management company. Rakesh Jhunjhunwala got his Bachelor of Commerce (Honors) from Sydhnem College of Commerce and Economics in Mumbai. In 1984, he got his Chartered Accountancy from the Institute of Chartered Accountants of India.