Emphatically to sources, the investor ( Rakesh Jhunjhunwala ) was brought to the Candy Breach Hospital at 6:45 AM in the morning on August 14, 2022, and was declared dead. They said he was suffering from multiple health issues including kidney ailments and had been discharged from the hospital a few weeks ago.
Contrarily, he was dubbed “India’s Warren Buffett” who was primarily bullish about the country’s stock market.
Prime Minister Narendra Modi condoled his death and said the legendary investor “leaves behind an indelible contribution to the financial world.”
Rakesh Jhunjhunwala was indomitable. 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. His passing away is saddening. My condolences to his family and admirers. Om Shanti. pic.twitter.com/DR2uIiiUb7
— Narendra Modi (@narendramodi) August 14, 2022
Who is Rakesh Jhunjhunwala ( Big Bull )?
Rakesh Jhunjhunwala (5 July 1960 – 14 August 2022) was an Indian billionaire business magnate, stock trader and investor. However, he managed his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala grew up in a Rajasthani family, in Bombay, where his father worked as a Commissioner of Income Tax. His surname indicates that his ancestors belonged to Jhunjhunu in Rajasthan. Earlier, he had an estimated net worth of $5.5 Billion (as of July 2022) making him the 36th richest man in India. Source: Wikipedia
To know more about the Big bull of the Stock Market, Visit his Wikipedia page, Click Here.
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Image source: Fortune India
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