Rakesh Jhunjhunwala

( Jul 05 1960 - Aug 14 2022 )

Other Detail

Achievements

Rakesh Jhunjhunwala (5 July 1960 – 14 August 2022) was an Indian billionaire business magnate, stock trader, and investor. He began investing in 1985 with a capital of ₹5,000, with his first major profit in 1986. At the time of his death he had an estimated net worth of $3.8 billion, making him the 438th richest person in the world. He was a partner in his own asset management firm, Rare Enterprises. Besides being an active investor, he served as chairperson and director for several companies. He was also a founder of Akasa Air. He was investigated for insider trading and settled with the Securities and Exchange Board of India (SEBI) in 2021. Jhunjhunwala was often referred to as "India's Warren Buffett" or the "Big Bull of India", and was widely known for his stock market predictions and bullish outlooks. Jhunjhunwala was born on 5 July 1960[6] and grew up in a Rajasthani Marwari family, in Mumbai. His father Radheshyam Jhunjhunwala worked as a Commissioner of Income Tax. His surname indicates that his ancestors belonged to Jhunjhunu in Rajasthan. He graduated from Sydenham College[9] and thereafter enrolled at the Institute of Chartered Accountants of India. Rakesh Jhunjhunwala married Rekha Jhunjhunwala on 22 February 1987. The couple has three children together. Their daughter Nishtha was born on 30 June 2004. Their twin sons Aryaman and Aryaveer were born on 2 March 2009. On 14 August 2022, Jhunjhunwala felt ill and was rushed to Breach Candy Hospital in Mumbai, and died at approximately 6:30 a.m. Doctors later reported that he suffered from kidney-related problems and acute multiple organ failure.

Profession

Businessman, investor, stock trader

Address

Hyderabad, Telangana, India