The Big Bull Of Indian Stock Market Rakesh Jhunjhunwala Passes Away

14 August 2022 India

Rakesh Jhunjhunwala, a multibillionaire businessman and seasoned investor, passed suddenly on Sunday morning. Rakesh Jhunjhunwala reportedly passed away at roughly 6.45 am on August 14, 2022, from a major heart attack, according to sources in the media.

Rajesh Jhunjhunwala had issues with his kidneys. His health had been declining for some time. He was admitted to the hospital a few weeks ago and then released. He had a heart arrest this morning at his home in Mumbai. The tragic death of Rakesh Jhunjhunwala has left the investing community in profound shock. His three children and wife, Rekha Jhunjhunwala, survive him.

Narendra Modi, the prime minister, offered his sympathies on Jhunjhunwala's passing. A hospital was dispatched to treat him. Doctors did, however, confirm that he was transported to the hospital dead. Indian stock market "Big Bull" and billionaire investor Rakesh Jhunjhunwala passed away on Sunday at the age of 62, according to the media. Akasa's promoter, Jhunjhunwala, made an appearance at its public premiere a few days ago. His wife and three kids are left behind.

"Rakesh Jhunjhunwala was unstoppable," the Indian prime minister said on Twitter. "A man full of life, witty, and perceptive, he leaves the financial world with a contribution. Additionally, he had a strong love for India's development. We are saddened by his departure.

My sympathies to his family and supporters, Modi concluded by chanting the peace mantra "Om Shanti." Son of an income tax officer, the self-made businessman is survived by his wife, Rekha, and three children.

For the past two days, the ace investor had been ill. He served as an example of wealth development for millions of others. He was one of the few market participants who could manage both the trading and investing worlds with ease. Realistic expectations were emphasized by the seasoned trader/investor.

He has previously stated in conversations with the media that anyone who can achieve a portfolio return of 18 or 21% is on par with kings or emperors. Many people refer to Rakesh as the "Warren Buffett of India." He also goes by the name "Big Bull." He had a reputation for finding multiple baggers. Through his company Rare Enterprises, he conducted his stock trading and investments.

 

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