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Mahesh

14/08/22 05:05 AM IST

Rakesh Jhunjhunwala

In News 
  • Veteran Stock Market investor Rakesh Jhunjhunwala passed away on August 14, 2022, at the age of 62 after suffering from kidney ailments.
Rakesh Jhunjhunwala 
  • Rakesh Jhunjhunwala was an Indian billionaire, business magnate, stock trader, and investor who began investing in 1985 with a capital of Rs. 5,000 with his first major profit in 1986.
  • At the time of his death, Jhunjhunwala had an estimated net worth of $5.8 billion which made him the 438th richest person in the world. 
  • Rakesh Jhunjhunwala, besides being an investor, had also served as the Chairperson and director for several companies and was also a founder of Akasa Air.
  • He was also referred to as India's Warren Buffett or the 'Big Bull of India'. Rakesh Jhunjhunwala was widely known for his stock market predictions and bullish outlooks. 
About Early Life 
  • Rakesh Jhunjhunwala was born on July 5, 1960. He was born in a Rajasthani family and lived in Mumbai (then Bombay) for most of his early life. His surname indicates that his ancestors were born in the Jhunjhunu district of Rajasthan. 
  • Rakesh Jhunjhunwala's father was a Commissioner of Income Tax. He graduated from Sydenham College and then also enrolled at the Institute of Chartered Accounts of India. 
  • Jhunjhunwala was the 48th richest man in India, with a net worth of almost $3 billion.
  • He contributed to St Jude, which runs shelters for cancer-affected children, Agastya International Foundation and Arpan, an entity that helps create awareness among children on sexual exploitation.
Source- Indian Express 

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