Rakesh Jhunjhunwala

Rakesh Jhunjhunwala's shrewd stock picks had earned him a cult following and he remained bullish about the Indian stock market to the end.

At the same time, Jhunjhunwala was among the country’s notable philanthropists with a namesake foundation and said a couple of years ago that he wanted to give away 25% of his wealth within his lifetime. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. Jhunjhunwala preceded his guru in the billionaire ranks, which he joined for the first time in 2008. He was also an early backer of gaming firm Nazara Technologies and general insurer Star Health and Allied Insurance Company-both listed last year. Jhunjhunwala traded on his own account through his firm Rare Enterprises—a name coined from the first two letters of his name and that of his wife Rekha. Damani debuted on the Forbes World Billionaires’ list in 2017, the year when he took his hypermarket chain Avenue Supermarts public.

India's prime minister Narendra Modi led the tributes for the business magnate, who had an estimated net worth of 5.8 billion US dollars, according to Forbes. “ ...

Also called the Big Bull of the country’s Bombay Stock Exchange, Mr Jhunjhunwala was known for taking risks in the market and in his investments. Mr Jhunjhunwala was seen at the launch in a wheelchair, local media reported. Mr Jhunjhunwala, a chartered accountant from the northern state of Rajasthan, began investing in the stock market while he was still in college, starting off with capital of just 5,000 rupees (63 US dollars).

Former accountant was the first Indian to become a billionaire through stock market investing.

Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India's own Warren Buffet, died Sunday in Mumbai city, Press Trust of ...

Start your Independent Premium subscription today. As his net worth steadily rose, he became one of India’s richest men with investments in some of the country’s biggest companies. By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

Billionaire investor Rakesh Jhunjhunwala, nicknamed “India's Warren Buffett” for his successful stock market bets, died Sunday at the age of 62, ...

Jhunjhunwala “believed stock India was undervalued. “Rakesh Jhunjhunwala was indomitable,” Indian Prime Minister Narendra Modi said. He was also very passionate about India’s progress.” A cause of death was not immediately available. Indian politicians and business leaders expressed their condolences over Jhunjhunwala’s death. He had an estimated net worth of $5.8 billion at the time of his death, according to Forbes, which called Jhunjhunwala an “investor with a Midas touch.” His latest venture, a low-cost airline called Akasa Air, began operating in India last week.

Jhunjhunwala, a chartered accountant from the northern state of Rajasthan, began investing in the stock market while he was still in college, starting off ...

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Stock investor Rakesh Jhunjhunwala, dubbed India's Warren Buffett with an estimated net worth of $6 billion, died early on Sunday at age 62, ...

Uday Kotak, the chief executive of Kotak Mahindra and a friend from school days, said Jhunjhunwala had "believed stock India was undervalued" and that he was right. "Rakesh Jhunjhunwala was indomitable," Prime Minister Narendra Modi wrote on Twitter. "Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. The promoter of India's newest airline, the ultra low-cost Akasa Air, Jhunjhunwala appeared days ago at its public launch.

According to local reports, the billionaire trader was brought to the Breach Candy Hospital in Mumbai at 6.45am on Sunday where he was declared dead on arrival.

My deepest condolences to his family. My condolences to his family and admirers. Start your Independent Premium subscription today. Uday Kotak, the CEO of Kotak Mahindra bank, who was a friend of Mr Jhunjhunwala, added: “Rakesh Jhunjhunwala: my school and college mate. India’s federal home minister, Amit Shah, said in his tribute: “Anguished to learn about the passing away of Rakesh Jhunjhunwala Ji. His vast experience and understanding of the stock market have inspired countless investors. “His passing away is saddening.