Rakesh Jhunjhunwala was an Indian billionaire business magnate, Chartered Accountant, stock trader, and investor. He was often referred to as "India's Warren Buffett" or the "Big Bull of India", and was widely known for his stock market predictions and bullish outlooks. Jhunjhunwala was born in Kolkata, India, on 5 July 1960. He studied chartered accountancy at the University of Mumbai and began his career as an investment banker at SBI Capital Markets. In 1985, he started his own investment firm, Rare Enterprises. Jhunjhunwala is known for his long-term investment approach and his focus on value investing. He has made some high-profile investments over the years, including Titan Company, Crisil, and HDFC Bank. He is also a major shareholder in several other companies, including Akasa Air, the low-cost airline that he co-founded in 2022. Rakesh Jhunjhunwala wealth, Jhunjhunwala's net worth was estimated to be US$5.8 billion in 2022. He was ranked the 438th richest person in the world by Forbes. He was also a recipient of the Padma Bhushan, India's third-highest civilian honor, in 2021. Jhunjhunwala died on 14 August 2022, at the age of 62. He was survived by his wife, Rekha, and their daughter, Nishita. Here are some of Rakesh Jhunjhunwala's most notable investments: Titan Company: Jhunjhunwala has been a long-term shareholder in Titan Company, the watch and jewellery maker. He first invested in the company in 1991 and has seen his investment grow significantly over the years. Crisil: Jhunjhunwala is also a major shareholder in Crisil, the credit rating agency. He first invested in the company in 2003 and has seen his investment grow significantly over the years. HDFC Bank: Jhunjhunwala is a major shareholder in HDFC Bank, the largest private sector bank in India. He first invested in the company in 2006 and has seen his investment grow significantly over the years. Akasa Air: Jhunjhunwala was a co-founder of Akasa Air, the low-cost airline that launched in 2022. He is also a major shareholder in the company. Jhunjhunwala's investment philosophy is based on the principles of value investing. He looks for companies that are trading at a discount to their intrinsic value. He also focuses on companies that have strong management teams and good track records. Rakesh Jhunjhunwala shares, Jhunjhunwala is a respected figure in the Indian stock market. He is known for his sharp insights and his ability to identify undervalued stocks. He is also a vocal advocate for value investing. Jhunjhunwala's death is a great loss to the Indian stock market. He was a true pioneer in the field of value investing and his insights will be missed. However, his legacy will live on through his many successful investments and his commitment to value investing.
Topics
