Billionaire investor Rakesh Jhunjhunwala dies at 62 | Big Bull Bows Out

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Billionaire investor Rakesh Jhunjhunwala passed away because of kidney ailments. He was regularly receiving dialysis since both of his kidneys were failing. According to the media report, at 6:45 AM, he was brought to the Candy Breach Hospital, where he was declared dead.

Rakesh Jhunjhunwala

Rakesh Jhunjhunwala was an Indian billionaire business magnate, stock trader and investor. He managed his own portfolio as a partner in his asset management firm, Rare Enterprises. He passed away at the age of 62.

“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,” tweeted by Prime Minister Narendra Modi.


Rakesh Jhunjhunwala was born on July 5, 1960, in Mumbai.  Rakesh Jhunjhunwala was also the promoter of Akasa Air and Star Health & Allied Insurance. His father was a Commissioner of Income Tax. He graduated from Sydenham College in 1985. After that, he enrolled at the Institute of Chartered Accountants of India. He is married to Rekha Jhunjunwala, who is also a stock market investor.

“Shri Rakesh Jhunjhunwala is no more. Investor, bold risk taker, masterly understanding of the stock market, clear in communication – a leader in his own right. Fondly remember several conversations we’ve had. Had strong belief in India’s strength and capabilities. Condolences,” tweeted by Indian Finance Minister Nirmala Sitharaman.


He earned his first big profit in 1986 when he bought 5,000 shares of Tata Tea at ₹43 and the stock rose to ₹143 within three months. In three years, he earned ₹20-25 lakh.

“Extremely saddened by the untimely passing away of the most legendary investor that India has had. Shri Jhunjhunwala inspired an entire generation to believe in our equity markets with his brilliant views. We will miss him. India will miss him but we will never forget him.” said by business leader Gautam Adani.

Union Minister Piyush Goyal tweeted:

“Deeply anguished at the demise of veteran investor Rakesh Jhunjhunwala. He was an inspiration for wealth creation for crores.

My heartfelt condolences to his family, friends and admirers. Om Shanti.”



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