Rakesh Jhunjhunwala, the ‘Warren Buffet’ of the Indian stock market, died this morning, Big Bull took his last breath at the age of 62
Rakesh Jhunjhunwala, who specializes in both investing and trading, had many great stocks in his portfolio.
Rakesh Jhunjhunwala is not an unfamiliar name to people associated with the stock market in India. A big and sad news has come out from Rakesh Jhunjhunwala, popularly known as the Warren Buffet of India. Rakesh Jhunjhunwala has passed away at the age of 62 at Brich Candy Hospital. He was suffering from kidney problem. The cause of Jhunjhunwala’s death is said to be multi-organ failure. A team of doctors was constantly trying to save him, but it could not happen.
According to sources, Rakesh Jhunjhunwala, who is suffering from kidney problem, was admitted to the Kandy Breach Hospital in Mumbai at 6.45 am on Sunday where he was declared brought dead. He had just returned from the hospital a week ago. He was also called the ‘Big Bull’ of the Indian markets. He started investing in the Indian stock markets during his college days with a capital of just Rs 5,000. He recently started the country’s new low-cost airline Akash Air along with Vinay Dubey, former Chief Executive Officer (CEO) of Jet Airways and Aditya Ghosh, former IndiGo chief. The airline started its operations this month with a flight from Mumbai to Ahmedabad.
An expert in both investing and trading, Rakesh Jhunjhunwala’s portfolio contained some of the best stocks in the portfolio including Star Health, Titan, Rallis India, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies and Tata Motors. He had investments in more than three dozen companies. He had major stakes in companies like Titan, Star Health, Tata Motors and Metro Brands. Rakesh Jhunjhunwala was also the chairman of Hungama Media and Aptech. Along with this, he was also the director of Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services. He started his investment journey in 1985 with just Rs 5000 and by 2018, his wealth had increased to $ 5.8 billion. According to the report of Forbes, Rakesh Jhunjhunwala was the 36th richest person in India.
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