Billionaire Investor Rakesh Jhunjhunwala Passes Away Aged 62
Mumbai: Billionaire investor Rakesh Jhunjhunwala, who was widely known as ‘India’s Warren Buffett’ and the ‘Big Bull’, has passed away at the age of 62.
He was brought to Mumbai’s Breach Candy this morning Hospital at 6:45 AM and was declared dead.
He was known to have multiple ailments. He was given the nickname ‘Big Bull of Dalal Street’ for his exceptional money management style. Considered as a part of probably the best Indian financial backer, Jhunjhunwala is alluded to as the Warren Buffett of India.
Jhunjhunwala, a chartered accountant by profession, was chairman of Hungama Media, and Aptech, and stood firm on board footings with various other Indian organizations. He was among the governing body of Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services.
According to Forbes’ Real-time Billionaires Index, Jhunjhunwala is positioned among the main 500 most extravagant tycoons, having total assets of $5.5 billion as of July 2022.
Jhunjhunwala began stock exchanging while he was still in school. The Big Bulll’s venture process started with a simple $100 in 1985 when the Bombay Stock Exchange Index was at only 150. He got a premium in the securities exchange in the wake of standing by listening to his dad examine it with his companions. Jhunjhunwala’s most productive speculation was Titan, the adornments play from Tata stable.
He was born on July 5, 1960. He grew up in Mumbai,where his dad was posted as an Income Tax Officer. Jhunjhunwala moved on from Sydenham College in 1985, after which he joined the Institute of Chartered Accountants of India.
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