Eminent investor Rakesh Jhunjhunwala will always be remembered for his jovial personality, kindness and foresight along with his keen understanding of the markets, Tata Group’s Honorary Chairman Ratan Tata said on Sunday.
Jhunjhunwala, often referred to as ‘India’s Warren Buffett’, died of a cardiac arrest in Mumbai on Sunday morning. He was 62 years old.
Jhunjhunwala had invested in over three dozen companies, including the most valuable watch and jewelery maker Titan, part of the Tata Group. His portfolio includes companies such as Star Health, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazar Technologies and Tata Motors.
Ratan Tata condoled, “Rakesh Jhunjhunwala, who passed away this morning, will always be remembered for his sharp understanding of the stock exchanges of India. He will also be remembered for his cheerful personality, his kindness and his vision. Will be done.” message.
“My thoughts are with his family who have had to bear the burden of this great loss,” he said.
My condolences pic.twitter.com/5C2FcH8TJQ
— Ratan N Tata (@RNTata2000) 14 August 2022
Jhunjhunwala was brought dead to Breach Candy Hospital on Sunday morning. The hospital, suffering from kidney disease and ischemic heart disease, certified that the cause of his death was cardiac arrest.
A self-made trader, investor and businessman, he was also known as the ‘Big Bull’ of Dalal Street. According to the 2021 list of Forbes, Jhunjhunwala was the 36th richest billionaire in India, with an estimated net worth of around USD 5.8 billion (approximately Rs 46,000 crore).
An Income Tax Officer has a son, his wife and three children.
A Chartered Accountant by education, his health was not keeping well for the last few months due to kidney disease. He was seen in a wheelchair at recent public events.
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