14 August, 2022 (New Delhi): Veteran investor Rakesh Jhunjhunwala has passed away. He was 62 years old. He was also called the Warren Buffett of India. Everyone is shocked by the news of his death. The news of his death has come at a time when he recently started his own airline. Its name is Akasa Air. He was also called the Big Bull of the stock market. His wisdom was exemplified. His wife’s name is Rekha. Rakesh Jhunjhunwala and his wife Rekha have the largest stake in Akasa Air. The total share of both is 45.97 percent.
Veteran investor Rakesh Jhunjhunwala passed away on Sunday morning. The investor with a Midas touch had been dubbed “India’s Warren Buffet.” According to other reports, the investor was brought to the Candy Breach Hospital at 6:45 AM in the morning and was declared dead. He was suffering from multiple health issues including kidney ailments and had been discharged from the hospital a few weeks ago, they said.
His birthday was on 5th July last month. The news of his sudden demise has stunned the entire market. It was said about Jhunjhunjhunwala that even if he touches the soil, it turns into gold. Rakesh Jhunjhunwala started the investment journey 36 years ago. From just Rs.5,000. Today his net worth was about 40 thousand crores. The stock on which his magical hand fell, it used to reach the heights overnight. This is the reason that his every move was watched by investors. His keen eye in selecting stocks was unmatched. This proved to be true from the time he started investing. Due to this, Rakesh Jhunjhunwala became famous as the Warren Buffet of India.
Jhunjhunwala had entered the stock market while studying in college. He did his CA degree from the Institute of Chartered Accountants. However, she fell in love with Dalal Street. He was sure that if big money can be made from anywhere, then this is the only place. Jhunjhunwala’s interest in the stock market was due to his father. His father was a tax officer. He often used to talk about the stock market with his friends. Jhunjhunwala used to enjoy it very much.
Jhunjhunwala used to run a private trading firm named RARE Enterprises. He laid its foundation in 2003. The first two words of this company ‘RA’ were in his name. At the same time, ‘RE’ is the initials of his wife Rekha’s name. Recently Rakesh Jhunjhunwala entered the aviation industry.