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Rakesh Jhunjhunwala Deth: Rakesh Jhunjhunwala, known as “The Big Bull” of the Indian markets, dies at age 62.
Rakesh Jhunjhunwala Deth: Rakesh Jhunjhunwala, a seasoned stock market investor, passed dead in Mumbai at the age of 62. Over the years, Jhunjhunwala has made investments in numerous well-known and established businesses as well as in up-and-coming startups.
Jhunjhunwala, known as the Big Bull of Indian markets and sometimes referred to as Warren Buffett of India, has a net worth of $5.8 billion as of August 2022. He did so through his company, Rare Enterprises.
The Rakesh Jhunjhunwala-backed low-cost airline Akasa Air debuted on August 7.
According to Forbes, Jhunjhunwala was the 438th richest man in the world as of this writing in 2022 and the 36th richest person in India in 2021.
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Star Health, Titan, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies, and Tata Motors are just a few of the companies in his portfolio. At the end of the June quarter, he owned stakes in 47 different companies.
Around 19 firms, including Tata Communications, Titan Company, Bilcare, Va Tech Wabagh, Federal Bank, and Aptech, are among the holdings he owns.
Rakesh Jhunjhunwala, who was born on July 5, 1960, was raised in Bombay by Rajasthani parents while his father served as an income tax commissioner. After completing his studies at Sydenham College, he applied to the Institute of Chartered Accountants of India.
In 1985, Rakesh Jhunjhunwala invested barely Rs 5,000 in the stock market. Sensex had reached 150 points at that point.