How did Rakesh Jhunjhunwala die?
Rakesh Jhunjhunwala, who was a stock market investor and billionaire and famous as his nickname India’s own Warren Buffet died on Sunday 25 September 2022 at the age of 62 in Mumbai.
Indian Warren Buffett died, Cause of Death
He was a huge supporter of India’s economic prospects and he built a fortune from an initial investment of €60, Rakesh has had some health issues for some time.
One family member said to Reuters news, “Rakesh-Ji passed away surrounded by his family and close aides”.
He built up an estimated net worth of $6 billion and this is more than 30 Indian blue chip stocks thanks in part to significant holdings.
Narendra Modi Indian Prime Minister led tributes and said, “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”.
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 Warren Buffett?
He was a stock market investor and billionaire and he was famous as his nickname India’s own Warren Buffet. He started his career as a chartered accountant from the desert state of Rajasthan “Big Bull of Dalal Street”. When he was in college, he started dabbling in stocks capital of just 5,000 rupees (€61, $63) and managing the asset management firm, RARE Enterprises. In this more companies are involved like Tata Motors, watchmaker Titan, Tata Communications, and Indian Hotels Co, which runs the Taj hotels.
If a girl is beautiful a suitor will come. If a stock is beautiful, a suitor will come. So I don’t search for suitors when I buy the stock#RJ #rakeshjhunjhunwala quotes
For #Nifty today
— Gyanpath Tradex (@PuneetSa11) September 26, 2022
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