Breaking News: Rakesh Jhunjhunwala dies


Rakesh Jhunjhunwala Death: Stock market bull Rakesh Jhunjhunwala passed away on Sunday. He was 62 years old. His net worth has been estimated at $5 billion.

He has also been called the Warren Buffett of India. News of his death came at a time when he was recently starting his own airline, Akasa Air. He has also been called the Big Bull of the stock market. His wisdom was lived. His wife’s name is Rekha. Rakesh Jhunjhunwala and his wife Rekha hold the largest stake in Akasa Air. The combined stake of both is 45.97 percent.

His birthday was July 5 last month. The news of his sudden death stunned the entire market. It has been said of Jhunjhunjhunwala that even if he touches the earth, it turns to gold. Rakesh Jhunjhunwala started his investment journey 36 years ago. Starting at 5,000 rupees. Today his net worth was about 40,000 crores.

The stick on which his magic hand fell used to reach the height overnight. Because of this, every move he made was watched by investors. His keen eye for stock picking was second to none. This was true from the moment he started investing. Because of this, Rakesh Jhunjhunwala became famous as Warren Buffet of India.

Jhunjhunwala got into the stock market while he was studying. He received his CA degree from the Institute of Chartered Accountants. However, she fell in love with Dalal Street. He was sure that if you can make a lot of money anywhere, then this is the only place. Jhunjhunwala’s interest in the stock market came from his father. His father was a tax officer. He often talked about the stock market with his friends. Jhunjhunwala used to enjoy it very much.

Jhunjhunwala used to run a private trading company called RARE Enterprises. He laid the foundation in 2003. The first two words of this company “RA” were in his name. At the same time, “RE” are the initials of his wife’s name, Rekha. Recently, Rakesh Jhunjhunwala has entered the aviation industry.

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