Rakesh Jhunjhunwala news

Rakesh Jhunjhunwala Death, Share Market, Understand India Warren Buffett Strategyदिग्गज निवेशक राकेश झुनझुनवाला को भारत ...

Jhunjhunwala had an estimated net worth of $5.5 billion, making him the 36th richest man in India.

Jhunjhunwala had also shown interest in film production and his philanthropic portfolio included nutrition and education. Recently, he had invested ₹260 crore in the new budget airline company Akasha Airlines. Besides, he loved to dabble in derivatives, currency and gold.

जाने माने निवेशक राकेश झुनझुनवाला का 62 साल की उम्र में निधन हो गया। शेयर बाजार में वह ...

Deeply anguished at the demise of veteran investor Rakesh Jhunjhunwala. He was an inspiration for wealth creation for crores. My heartfelt condolences to his ...

Speaking to The Indian Express, Nirmal Jain, founder and chairman of India Infoline said, “He had a heart of gold and a brain that understood markets than anyone else. Even though he had been keeping unwell for some time and was admitted to Breach Candy Hospital in July for a check-up, the investment fraternity expressed shock at his demise. Some of the big investment holdings of Jhunjhunwala include Titan Company, where he along with his wife held 5.05 per cent. A chartered accountant by training, he started his stock market investments with just Rs 5,000 in the mid-eighties, which grew to $5.8 billion (around Rs 46,000 crore), according to Forbes magazine. Investor, bold risk taker, masterly understanding of the stock market, clear in communication- a leader in his own right. The company was listed in the stock exchanges last year. “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 wrote in a tweet. We are deeply saddened by the untimely demise of Rakesh Jhunjhunwala this morning… Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. According to a doctor, Jhunjhunwala was suffering from diabetes and a kidney ailment. My condolences to his family and admirers.

Starting with a small capital base in the eighties, Rajesh Jhunjhunwala built a massive portfolio running into thousands of crores by betting big on his ...

Jhunjhunwala always believed in going against the tide. When Rakesh Jhunjhunwala turned 50, he was asked by a reporter whether as an ace investor, he (sometimes) gets emotional about any of his stock ideas? According to Groww, Jhunjhunwala didn’t become a money magnet in a day. He was also a rare combination of a trader and an investor. Market participants will always miss his charisma, optimism and boldness. He was, thus, able to multiply his wealth by a unique combination of short-term trading and long-term investing,” says Ashish Kapur, CEO, Invest Shoppe India Ltd.

Jhunjhunwala, a partner at RARE Enterprises, had risen to amass a $5.8-bn fortune and earn the tag of India's biggest individual investor.

Chg(%) Chg(%) Price() Chg(%) Price() Chg(%) Price() Price() He was down with multiple ailments and struggled to stand and walk towards the end. Jhunjhunwala said he had to sell his holdings in leading rating agency Crisil to fund what was an emotional decision of buying flats in Ridgeway, and regretted having missed the rally in the stock later. The management of Titan, which has been a two-decade old investment for Jhunjhunwala, was at the receiving end of one such tough public questioning in 2020. In 2021, he and others settled an insider trading case related to Aptech by agreeing to pay Rs 37 crore under the consent route, where an individual can close a pending matter without admitting or denying the charges.