Indian billionaire investor Rakesh Jhunjhunwala, known locally as the country's Warren Buffett, has died. He was 62.
Indian billionaire stock investor Rakesh Jhunjhunwala, known as "India's Warren Buffett", died on Sunday at age 62, media said.
Register now for FREE unlimited access to Reuters.com My condolences to his family and admirers." "Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. Jhunjhunwala's bets include a number of companies run by Tata Group, one of India's largest conglomerates. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com
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, 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.
Veteran stock market investor Rakesh Jhunjhunwala, often referred to as India's 'Warren Buffett', died here Sunday morning.
My condolences to his family and admirers. My condolences to his family and admirers. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. My heartfelt condolences to his family, friends and admirers. His passing away is saddening. In three years, he earned Rs 20-25 lakh. His passing away is saddening. His 5.05 per cent holding in Titan alone is worth over Rs 11,000 crore. “He leaves behind an indelible contribution to the financial world. His portfolio included companies like Star Health, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies and Tata Motors. The airline began commercial operations this month with its maiden flight from Mumbai to Ahmedabad. He was seen on a wheelchair at recent public events.
Seven people were injured, two of them critically, after a shooting attack on a bus in Jerusalem's Old City, reports AFP. 07:19 AM (IST), Aug 14 ...
"Rakesh Jhunjhunwala ji was not only an astute businessman, but also passionately invested in India's growth story." The airline began commercial operations on August 7 with a maiden flight from Mumbai to Ahmedabad. My deepest condolences to his family and loved ones."
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.
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.
Lagatar24 Desk. New Delhi, Aug 14: Rakesh Jhunjhunwala, a billionaire business magnate, stock trader, and investor, died on Sunday morning at the age of 62.
My condolences to his family and admirers. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. 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. He was also very passionate about India’s progress. He also served as an adviser to India’s International Movement to Unite Nations.
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.
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.
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.
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.
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.
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.
Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India's own Warren Buffett, died Sunday in Mumbai city, Press Trust of ...
The airline said it was “deeply saddened” by the news of his death. As his net worth steadily rose, he became one of India’s richest men with investments in some of the country’s biggest companies. Also called the “Big Bull” of the country's Bombay Stock Exchange, Jhunjhunwala was known for taking risks in the market and in his investments.
Former accountant was the first Indian to become a billionaire through stock market investing.
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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Jhunjhunwala died on Sunday at the age of 62, a week after the launch of his budget airline, Akasa Air.
He leaves stakes in about three dozen Indian companies and a legacy of quoting one-liners like “the trend is your friend” and “the only rule I have is there are no rules”. I don’t want to do anything else in life,” Jhunjhunwala told the Reuters news agency 10 years ago. He trebled his money within months. The cause of his death was not immediately known. Jhunjhunwala died on Sunday at the age of 62, a week after the launch of his budget airline, Akasa Air. He had looked and sounded frail when promoting the carrier. Jhunjhunwala died on Sunday at the age of 62, a week after the launch of his budget airline, Akasa Air.