Rakesh Jhunjhunwala

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.

Billionaire investor Rakesh Jhunjhunwala, nicknamed “India's Warren Buffett” for his successful stock market bets, died Sunday at the age of 62, ...

Jhunjhunwala “believed stock India was undervalued. “Rakesh Jhunjhunwala was indomitable,” Indian Prime Minister Narendra Modi said. He was also very passionate about India’s progress.” A cause of death was not immediately available. Indian politicians and business leaders expressed their condolences over Jhunjhunwala’s death. He had an estimated net worth of $5.8 billion at the time of his death, according to Forbes, which called Jhunjhunwala an “investor with a Midas touch.” His latest venture, a low-cost airline called Akasa Air, began operating in India last week.

NEW DELHI (AP) — Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India's own Warren Buffet, died Sunday in Mumbai city, ...

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. Also called the “Big Bull” of the country's Bombay Stock Exchange, Jhunjhunwala was known for taking risks in the market and in his investments.

Indian billionaire stock investor Rakesh Jhunjhunwala, known as "India's Warren Buffett", died on Sunday at age 62, media said.

Register now for FREE unlimited access to Reuters.com My condolences to his family and admirers." "Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. Jhunjhunwala's bets include a number of companies run by Tata Group, one of India's largest conglomerates. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India's own Warren Buffett, died Sunday in Mumbai city, Press Trust of ...

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. Also called the “Big Bull” of the country’s Bombay Stock Exchange, Jhunjhunwala was known for taking risks in the market and in his investments.

Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India's own Warren Buffett, died Sunday in Mumbai city, Press Trust of ...

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. Also called the “Big Bull” of the country's Bombay Stock Exchange, Jhunjhunwala was known for taking risks in the market and in his investments.

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 ...

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Rakesh Jhunjhunwala, also known as "the big bull" of Indian markets, has died at the age of 62.

Mr Bagga added that Jhunjhunwala had an infectious "optimism for India". That optimism was reflected in Jhunjhunwala's other famous nickname - the Big Bull of Dalal Street, a reference to the address of the Bombay Stock Exchange. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. My condolences to his family and admirers. A decade ago, he told Reuters in an interview that he didn't like being called "India's Warren Buffett", adding that the Berkshire Hathaway CEO was "far, far ahead" of him. He later set up Rare Enterprises - the name was coined from the first two letters of his name and that of his wife Rekha. He was also very passionate about India’s progress.