Rakesh Jhunjhunwala News,This Is The Death Of Veteran Stock Investor Rakesh Jhunjhunwala?
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Rakesh Jhunjhunwala News: Rakesh Jhunjhunwala, the Big Bull of the Indian stock market, passed away this morning. He breathed his last at 6.45 am at Breach Candy Hospital in Mumbai. He was 62 years old. His last journey will be taken out from Il Palazzo behind Malabar Hill Club at 5.30 pm today. The last rites will take place at Banganga Crematorium in Malabar Hill. Very successful investor Rakesh Jhunjhunwala started his business in 1985 with Rs 5000. His business empire reached $ 5.8 billion (about Rs 46.18 thousand crore) for the next 37 years i.e. 2022.
Jhunjhunwala started his own airline company Akasa Airlines last week. During the BSNL scam in 1992, Jhunjhunwala was a bear in the stock market i.e. bears. He made huge profits through short selling. He made huge profits by selling shares before it was exposed that Harshad Mehta scam was being carried out.
Prime Minister Narendra Modi tweeted on his death – I am very saddened by the death of our friend. He was funny and very devoted. He was very enthusiastic about the development of India. He believed that it is very important for India to achieve great things. His passing was very sad. I can only say that he was a very energetic and passionate person. My condolences go out to his family. Gautam Adani wrote – Jhunjhunwala helped people to believe that it is a good idea to invest in India. We will all remember him, but no one will forget him.
Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti. pic.twitter.com/DR2uIiiUb7— Narendra Modi (@narendramodi) August 14, 2022
Who Is Rakesh Jhunjhunwala And How Did His Journey Begin?
Rakesh Jhunjhunwala does not need any identification because in India, anyone who is interested in investing in the stock market or wants to invest in it, cannot be unaware that he is Rakesh Jhunjhunwala, because he is famous in India, as Warren Buffet, and is also known as The Big Bull of the stock market. In today’s date, Rakesh Jhunjhunwala has assets worth billions but there was a time when he started his career with just Rs. 5000. They say that how to be afraid of taking risks!
Rakesh Jhunjhunwala Net Worth
Rakesh Jhunjhunwala is an Indian investor who owns and trades stocks which have a net worth of $1.5 billion. Rakesh Jhunjhunwala is a Chartered accountant and a veteran investor who is often called India’s Warren Buffett for managing to hold onto large portions of his assets in spite of the falling rupee and volatile stock market.
Jhunjhunwala has never stopped believing that his country will come out victorious from its current problems. So far, he has predicted that the bull market will return in the near future, and he strongly supports export-oriented sectors like the pharmaceutical industry. One of his top interests is in the drug company Lupin, in which he acquired his shares over a decade ago. Rakesh Jhunjhunwala has been investing in companies which he believes are undervalued, such as those in the media industry, outsourcing and housing finance. Rakesh Jhunjhunwala manages his own investments as a sole shareholder in his own asset management firm, Rare Enterprises. For some reason, he started to run racehorses, which he co-owns with friends. Then, he decided to buy 20 racehorses in the last 2 years. Recently, he extended his properties by buying 6 apartments in a luxury condo in south Mumbai, which are worth $28 million each.
|DOB||5 July 1960 to 14 August 2022 ( No More Today)|
|Profession||Stock trader, Investor, Film Producer|
|Net Worth||About 2 Billion|
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Rakesh Jhunjhunwala Health?
Rakesh Jhunjhunwala is still alive, I think he is 63 years old and was discharged from the hospital a few weeks ago, which was not very good. But today we have someone who is not with us, but who is known as Warren Buffett.
Rakesh Jhunjhunwala News Death Live Updates
PM Modi has also tweeted about Rakesh Jhunjhunwala from the official account and he has expressed grief over the death of Rakesh Jhunjhunwala.
Rakesh Jhunjhunwala passed away at Breach Candy Hospital in Mumbai, his death was confirmed by the doctors of Breach Candy Hospital at 6:45 am today. 14 August 2022