Rakesh Jhunjhunwala

As of August, 2022, his net worth was $5.8 billion. He invested via his firm Rare Enterprises.

Chg(%) Chg(%) Price() Chg(%) Price() Chg(%) Price() Price() He tweeted, "Shocked by the sudden demise of seasoned Investor, Shri Rakesh Jhunjhunwala. He will be remembered for his contributions in business and industry. He was at the forefront of creating a culture of investing in Indian stock markets. He tweeted, "Shocked by the sudden demise of seasoned Investor, Shri Rakesh Jhunjhunwala. He will be remembered for his contributions in business and industry. My condolences to his family and admirers.

Rakesh Jhunjhunwala Death Live Updates: Ace investor Rakesh Jhunjhunwala, known as the 'Big Bull' of Dalal Street, has passed away at the age of 62, ...

Hadi Matar reportedly jumped up on the stage as Rushdie was about to give a speech at the Chautauqua Institution near the New York city, which holds arts programmes. He was both a trader and a chartered accountant, and one of the richest men in the country. He'll always be remembered for his bullish outlook.

Breach Candy hospital CEO N Santhanam told The Indian Express that Rakesh Jhunjhunwala was brought dead to the hospital at 6:45 am.

Investors and traders used to follow the investment decisions of Jhunjhunwala as his portfolio went through the roof over the years. While he was known as a risk taker, many feel that Jhunjhunwala inspired millions of retail investors through his positivity as he was always positive about the Indian economy and markets in the long term. Speaking to The Indian Express, Nirmal Jain, founder and chairman of India Infoline said, “He had a heart of gold and a brain that understood markets than anyone else. When he started dabbling in the stock market, his father, who was an official in the income tax department, told him not to ask him for money. While Jhunjhunwala had been keeping unwell for some time and was admitted to Breach Candy Hospital in July for a check-up, the investment fraternity expressed shock at his demise. Some of the big investment holdings of Jhunjhunwala include Titan Company, where he along with his wife Rekha held 5.05 per cent.

Rakesh Jhunjhunwala, also known as 'the big bull' of Indian markets, has died at the age of 62.

Mr Bagga added that Jhunjhunwala had an infectious "optimism for India". That optimism was reflected in Jhunjhunwala's other famous nickname - the Big Bull of Dalal Street, a reference to the address of the Bombay Stock Exchange. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. My condolences to his family and admirers. A decade ago, he told Reuters in an interview that he didn't like being called "India's Warren Buffett", adding that the Berkshire Hathaway CEO was "far, far ahead" of him. He later set up Rare Enterprises - the name was coined from the first two letters of his name and that of his wife Rekha. He was also very passionate about India’s progress.

"Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world," said PM Modi about Rakesh Jhunjhunwala.

My condolences to his family and admirers. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. OMG. Rakesh Jhunjhunwala ji was such a passionate patriot, financial genius with great sense of humour and a positive worldview. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. My condolences to his family and admirers. Ace investor, fondly known as the ‘Big Bull’, Rakesh Jhunjhunwala passed away at the age of 62 on Sunday morning.

MUMBAI (Reuters) -- Stock investor Rakesh Jhunjhunwala, dubbed India's Warren Buffett with an estimated net worth of $6 billion, died on Sun.

My condolences to his family and admirers." "Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. His insights on the economy and companies made him a popular TV celebrity.

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

My condolences to his family and admirers." "Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. These include Tata Motors, watch maker Titan, Tata Communications and Indian Hotels Co, which runs the Taj hotels.

A self-made trader, investor and businessman, India's own Warren Buffett was the son of an income tax officer and is survived by his wife and three ...

"He leaves behind an indelible contribution to the financial world. A chartered accountant by qualification, the legendary investor had not been keeping well for the last few months and was looking frail in a wheelchair at the public event. He is right. And he's always been right," Shenoy said. My condolences to his family and admirers. Jhunjhunwala could do a 'le phataphat, de phataphat' as a trader and even sit on a gem like Titan for ages.

Indian billionaire Rakesh Jhunjhunwala, sometimes called "India's Warren Buffett," died Sunday at age 62, according to Prime Minister Narendra Modi.

My condolences to his family and admirers. "Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world." His passing away is saddening.

Jhunjhunwala had an estimated net worth of $5.5 billion, making him the 36th richest man in India.

Jhunjhunwala had also shown interest in film production and his philanthropic portfolio included nutrition and education. Recently, he had invested ₹260 crore in the new budget airline company Akasha Airlines. Besides, he loved to dabble in derivatives, currency and gold.

Rakesh Jhunjhunwala death live updates: Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's own Warren Buffet passed away at the age ...

My deepest condolences to his family. India will miss him but we will never forget him,tweets Gautam Adani Deeply saddened by the sudden demise of prominent investor & industrialist Rakesh Jhunjhunwala ji. Investor, bold risk taker, masterly understanding of the stock market, clear in communication- a leader in his own right. 14 Aug 2022, 11:11:59 AM IST I am saddened by the terrible news of the passing away of veteran investor, business magnate and stock trader Shri Rakesh Jhunjhunwala this morning. 14 Aug 2022, 11:22:54 AM IST A veteran investor & industrialist, his contribution to the Indian Capital Market was immense. His passing away is a terrible loss to the financial world. He ruled the Indian stock market for decades, making intelligent investment choices to build an empire of stock holdings worth over ₹40,000 crore. The Big Bull of Dalal Street began investing in stocks with ₹5,000 and according to Forbes, Rakesh Jhunjhunwala net wealth today is 5.8 billion. Ace investor with Midas touch Rakesh Jhunjhunwala passed away in early morning on Sunday due to cardiac arrest.

One of the best things about him was that he wanted people, his friends, and the masses at large, to make money, writes Raamdeo Agrawal of Motilal Oswal ...

Chg(%) Chg(%) Price() Chg(%) Price() Chg(%) Price() Price() And that was also the reason for the kind of risk he took, and the kind of conviction he brought on the table. markets. He was always so much ahead of time in the stock he had bet on - courtesy his extensive research – that he was almost a visionary when it came to predicting a stock’s trajectory. Of course, not all his bargains were great, and he must have paid a price for it. He always believed in predicting about the companies, about the economy, about the world.

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.

MUMBAI: Stock investor Rakesh Jhunjhunwala, dubbed "India's Warren Buffett" with an estimated net worth of US$6 billion, died early on Sunday (Aug 14) at ...

"We spoke regularly, more so during COVID. Will miss you Rakesh!" "We are deeply saddened," Akasa Air, which Jhunjhunwala co-founded, said in a statement. These include Tata Motors, watchmaker Titan, Tata Communications and Indian Hotels Co, which runs the Taj hotels.

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

Mr Jhunjhunwala was instrumental in taking some companies public, including Star Health and Allied Insurance. Read more at straitstimes.com.

“This conviction led him to consistently make bold decisions throughout his life and career.” He placed his bets in early 2000s on the Tata Group firm that predominantly made watches and was struggling with labour issues. Mr Jhunjhunwala developed a childhood fascination for stocks by watching his father, a retired tax commissioner, juggle market investments, he said in the interview.

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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With unwavering faith in India story, the passionate investor inspired many to enter the equity markets.

Chg(%) Chg(%) Price() Chg(%) Price() Chg(%) Price() Price() In 2021, he entered the Edelgive Hurun India Philanthropy list with an annual donation of Rs 50 crore. On a few occasions, Jhunjhunwala also had a tryst with the capital market regulator. Jhunjhunwala had the rare skill of dabbling in both trading and investing. Yet until the very last, he had an indomitable spirit as was seen in a widely-shared video of him dancing on a wheelchair to a popular Bollywood number.

Rakesh Jhunjhunwala, also known as "the big bull" of Indian markets, has died at the age of 62.

Mr Bagga added that Jhunjhunwala had an infectious "optimism for India". That optimism was reflected in Jhunjhunwala's other famous nickname - the Big Bull of Dalal Street, a reference to the address of the Bombay Stock Exchange. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. My condolences to his family and admirers. A decade ago, he told Reuters in an interview that he didn't like being called "India's Warren Buffett", adding that the Berkshire Hathaway CEO was "far, far ahead" of him. He later set up Rare Enterprises - the name was coined from the first two letters of his name and that of his wife Rekha. He was also very passionate about India’s progress.