Rakesh Jhunjhunwala Death NewsRakesh Jhunjhunwala Death News

Rakesh Jhunjhunwala Death News: Veteran investor Rakesh Jhunjhunwala has passed away. He was 62 years old. He is also called the Warren Buffett of India. Rakesh Jhunjhunwala has recently started his own airline. The name of Jhunjhunwala’s new airline is Akasa Air. Let’s know the complete information including Rakesh Jhunjhunwala’s net worth!


Rakesh Jhunjhunwala Death News:

Veteran investor Rakesh Jhunjhunwala has passed away at the age of 62. Jhunjhunwala is also known as Warren Buffett of India. The entire nation is shocked by the news of his death. The world used to call Jhunjhunwala Big Bull. It was said about him that anything he touches turns into gold.

He taught India how to invest in the stock market. Today every investor’s eyes are on Rakesh Jhunjhunwala’s portfolio. Rakesh Jhunjhunwala started his investment journey with just Rs 5,000, today his net worth was around Rs 40 thousand crores.

In 1985, when the Bombay Stock Exchange (BSE) Sensex was close to 150 points, Rakesh Jhunjhunwala entered Dalal Street. Rakesh Jhunjhunwala used to come from a middle family. Jhunjhunwala started trading in 1985 itself. Rakesh Jhunjhunwala’s keen eye in choosing stocks is unmatched. That’s why his every move was watched by investors.


Rakesh Jhunjhunwala Net Worth:

According to Forbes, the net worth of Rakesh Jhunjhunwala was $ 5800 million as of August 2022. If we talk about the net worth of Rakesh Jhunjhunwala in Indian rupees, then his assets were around Rs 4,61,85,40,00,000.

In 1985, Rakesh Jhunjhunwala started the journey of investing with Rs 5,000. 1985 when the Bombay Stock Exchange (BSE) Sensex was around 150 points. At that time he had invested Rs 5,000. At present, the investment value of Big Bull Rakesh Jhunjhunwala has exceeded Rs 40,000 crore.


Jhunjhunwala Stock Market journey

Jhunjhunwala got huge success in his hands in 1986, a year after he started trading. He made a profit of Rs 5 lakh in this deal. Jhunjhunwala bought 5 thousand shares of Tata Tea at a price of Rs 43, which had increased to Rs 143 in just three months.

As of today, there were around 33 stocks in Rakesh Jhunjhunwala’s portfolio. Rakesh Jhunjhunwala’s biggest investment is in Titan. It is followed by Star Health and Metro brands.

Jhunjhunwala used to run a private trading firm named RARE Enterprises. He laid its foundation in 2003. The first two words of the name RARE Enterprises are ‘RA’ in his name and the last two words ‘RE’ in the name of his wife Rekha. Rakesh Jhunjhunwala entered the aviation industry under the name Akasa Air. The company has recently started operations.


Rakesh Jhunjhunwala 3M Prediction

About 6 months ago, Rakesh Jhunjhunwala spoke about 3M in the program of ‘The Confederation of Indian Industry (CII) in Delhi. Rakesh Jhunjhunwala said that no one can make accurate predictions about ‘3M’. The 3M that Rakesh Jhunjhunwala talked about is Mausam(weather), Maut(death), and Market.

Rakesh Jhunjhunwala had said in the CII program that no one can predict the weather, death, and market. Rakesh Jhunjhunwala said that no one can say when the weather changes, when death comes and when the market will change. The legendary investor made everyone cry by making his own prediction come true 6 months ago.

Jhunjhunwala used to say that there is no king of the stock market. Those who considered themselves kings are in jail today. He said ‘Market is like a woman, always influential, mysterious, uncertain and delicate. You can never dominate the market.


Stock market experts pay tribute to Jhunjhunwala

Market analysts condoled the death of stock market veteran Rakesh Jhunjhunwala, saying he had great faith in the country’s growth story and the energy within him made him special.

Zerodha founder Nikhil Kamat tweeted, “Never see anyone like you.”

Sushant Bhansali, CEO of Ambit Asset Management, said that Jhunjhunwala was one of the most trusted people in the India story.

“He can never be forgotten for the energy he brought to TV studios,” said B Gopakumar, managing director and chief executive officer (CEO), Axis Securities.


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