Warren Buffett

Rakesh Jhunjhunwala Death: Veteran stock market investor Rakesh Jhunjhunwala, often referred to as India's Warren Buffett and whose net worth was USD 5.8 ...

"Rakesh Jhunjhunwala was indomitable. In three years, he earned ₹ 20-25 lakh. Titan, Star Health, Tata Motors and Metro Brands were some of his largest holdings. In 1985, Jhunjhunwala invested ₹ 5,000 as capital. The airline began commercial operations this month with a maiden flight from Mumbai to Ahmedabad. A chartered accountant by education, he chose Dalal Street instead of auditing accounts.

Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's Warren Buffett, died here Sunday morning. He was 62.

My condolences to his family and admirers. My condolences to his family and admirers. "He leaves behind an indelible contribution to the financial world. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. In three years, he earned Rs 20-25 lakh. He was seen on a wheelchair at recent public events.

Rakesh Jhunjhunwala Net Worth: As per Forbes, Jhunjhunwala was the 36th richest person in the country in 2021 and the 438th richest man in the world.

In 2006, he invested in Lupin Limited and paid an average of Rs 150 for each purchase. In three years, he earned Rs 20-25 lakh. He had a stake in 47 companies by the end of June quarter.

Indian billionaire Rakesh Jhunjhunwala, sometimes called "India's Warren Buffett," died Sunday at age 62, according to Prime Minister Narendra Modi.

My condolences to his family and admirers. "Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world." His passing away is saddening.

“Stock markets are always right. Never time the market,” Rakesh Jhunjhunwala, the ace investor of India once said. The quote captures his investing style.

He graduated from Sydenham College in 1985 as a chartered accountant and entered the stock market with just Rs 5,000 in 1985. Star Health IPO was offered at a price band of Rs 870 to Rs 900 per share. Overall, he had a stake in 47 companies at the end of June quarter (Q1 FY 2022-23). Consider this: The ace investor held 4.4 crore shares of ‘Titan Company Limited, which he purchased in 2002-03 at an average price of Rs 3. He is known for picking value stocks and staying put for a long time to make the most of his investments. It is currently trading at a price of Rs 2,471.95.

Rakesh Jhunjhunwala's shrewd stock picks had earned him a cult following and he remained bullish about the Indian stock market to the end.

At the same time, Jhunjhunwala was among the country’s notable philanthropists with a namesake foundation and said a couple of years ago that he wanted to give away 25% of his wealth within his lifetime. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. Jhunjhunwala preceded his guru in the billionaire ranks, which he joined for the first time in 2008. He was also an early backer of gaming firm Nazara Technologies and general insurer Star Health and Allied Insurance Company-both listed last year. Jhunjhunwala traded on his own account through his firm Rare Enterprises—a name coined from the first two letters of his name and that of his wife Rekha. Damani debuted on the Forbes World Billionaires’ list in 2017, the year when he took his hypermarket chain Avenue Supermarts public.

On being referred to as 'India's Warren Buffet', Rakesh Jhunjhunwala once said that the Berkshire Hathaway CEO was “far, far ahead” of him. “I am not a clone of ...

Warren Buffett owned his first share when he was 11 years old and filed his first tax at the age of 13. Rakesh Jhunjhunwala was the 440th richest person in the world according to Forbes and 38th in India. The investment magnate started his career with a mere sum of Rs 5000 in his pocket. The airline began commercial operations this month with a maiden flight from Mumbai to Ahmedabad. Warren Buffett, one of the biggest investors and business magnates of United States and current CEO of Birkshire Hathaway, is often referred to as “Oracle of Omaha”. As his Indian counterpart, Rakesh Jhunjhunwala came to be known as “Oracle of Dalal Street”. The similarity between the two mavericks was that they both had midas touch, the acute ability to gauge market changes and invest accordingly. Prices of share would rise the minute these pioneers would buy them. The veteran investor whose net worth was $5.8 Billion was often called “India’s Warren Buffett” in reference to the American investor-god and philanthropist.

Billionaire investor Jhunjhunwala died of cardiac arrest at 62. Called the 'Big Bull', he made some of his largest wealth by being a bear, he told ThePrint ...

He remained bullish even during Covid — in June 2020, he said that the economic impact was “blown out of proportion”, and that it was unlikely to be as bad as people expected. At the end of the June quarter, Jhunjhunwala had a 5.10 per cent stake in the company with a shareholding of Rs 11,086.9 crore. His passing away is saddening,” the PM said. I told her you will have one less daughter-in-law to trouble you,” Jhunjhunwala had said in ThePrint Off The Cuff in 2021. “He was spontaneous. Jhunjhunwala developed an interest in stock market investments when he was still a teenager. “He had a huge following that he built over the years. That company is doing very well now,” he added. I said I wanted to invest in the stock market and my mother said who will marry you. The cause of death was a cardiac arrest. The man had no background yet he achieved his laurels. “He was brought dead around 6.45 am.

He was 62. Jhunjhunwala died early this morning due to a cardiac arrest, a source in his newly set up airline said. A self-made trader, investor and businessman ...

My condolences to his family and admirers. In three years, he earned Rs 20-25 lakh. "He leaves behind an indelible contribution to the financial world. His 5.05 per cent holding in Titan alone is worth over Rs 11,000 crore. He was seen on a wheelchair at recent public events. The airline began commercial operations this month with its maiden flight from Mumbai to Ahmedabad.

Former accountant was the first Indian to become a billionaire through stock market investing.

Jhunjhunwala, a chartered accountant from the northern state of Rajasthan, began investing in the stock market while he was still in college, starting off ...

You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. NPR’s sites use cookies, similar tracking and storage technologies, and information about the device you use to access our sites (together, “cookies”) to enhance your viewing, listening and user experience, personalize content, personalize messages from NPR’s sponsors, provide social media features, and analyze NPR’s traffic.

Jhunjhunwala, a chartered accountant from the northern state of Rajasthan, began investing in the stock market while he was still in college, starting off ...

The airline said it was "deeply saddened" by the news of his death. As his net worth steadily rose, he became one of India's richest men with investments in some of the country's biggest companies. "Rakesh Jhunjhunwala was indomitable.