The prime minister has just tweeted Rakesh Jinjinwala was indomitable full of life witty and insightful he leaves behind a an indelible contribution to the financial world he was also very passionate about india's progress his passing away is saddening my condolences to his family
Billionaire investor Rakesh Jhunjhunwala, often referred to as 'India's own Warren Buffet', passed away at the age of 62 in Mumbai on Sunday. He was not keeping well for the past few days and breathed his last today in Breach Candy Hospital in Mumbai
Never hesitated to speak his mind or or make his views clear he had increasingly post 2014 become a vocal supporter and fan of the prime minister spoken about it many times publicly had even taken on the congress party so in that sense quite unusual for somebody in the financial investing business community uh to take a political line but certainly that picture speaks to as i said his regard for the prime minister and the prime minister
Often referred to as India's Warren Buffett, and the Big Bull of Indian markets, Jhunjhunwala's net worth was $5.8 billion, as of August 2022. He invested in his individual capacity, and via his firm Rare Enterprises.
Rakesh Jhunjhunwala was born on 5 July 1960 in Mumbai in a Rajasthani family, his father Radheshyamji Jhunjhunwala was an income tax officer. Born in a Rajasthani family, Rakesh's mother's name was Urmila Jhunjhunwala. He then expressed his desire to make a career in the stock market
Rakesh Jhunjhunwala has many facts from which one can learn lessons for life. He began with just Rs 5,000 now his worth is Rs 43,000 Cr. He also has many connections with Harshad Mehta. He has a great earning with many investments.
Rakesh Jhunjhunwala entered the stock market with just Rs 5,000 in 1985. At that time, Sensex was at 150 points.
His portfolio includes companies like Star Health, Titan, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies, Tata Motors. Overall, he had stake in 47 companies at the end of June quarter