The Big Bull of the Indian Stock Market named Rakesh Jhunjhunwala is no more alive. According to media reports, Rakesh Jhunjhunwala died due to kidney disease and died on 14 August 2022 at 6:45 am at Breach Candy Hospital. With kidney failure, the hospital reported that he had multiple organ failures.
Furthermore, Rakesh Jhunjhunwala has a net worth of over USD 5.5 billion and is said to be the biggest stock market investor of all time. He started his career in Mumbai with only Rs.5,000/-, which he invested in the Indian stock market.
Rakesh Jhunjhunwala Biography
Rakesh Jhunjhunwala is a stock trader and investor from India. Who was born on 5 July 1960 and died on 14 August 2022. Rakesh Jhunjhunwala was admitted to Mumbai’s Breach Candy Hospital at 6:45 am on August 14.
Rakesh’s company is called ‘Rare Enterprises’, and he manages its portfolio. He works as a Chartered Accountant. Rakesh was raised in an Agarwal family in Bombay. Where Rakesh father worked as the Commissioner of Income Tax department in Bombay. Rakesh’s ancestors are residents of Jhunjhunu. Rakesh Jhunjhunwala has three children and his net worth is more than Rs 40,000 crore.
Rakesh Jhunjhunwala Share Market Career
Rakesh Jhunjhunwala, also known as “Big Bull” and “Warren Buffet” of India, is a stock market investor. He has been interested in investors and the stock market since childhood. Rakesh Jhunjhunwala owns and operates the stock trading firm Rare Enterprises.
He started his career in the market with an investment of Rs.5,000. At present, he has a huge portfolio of over Rs 11,000 crore in the market. Along with this he recently started Akasa Airlines with Vini Dubey and Jhunjhunwala has more than 45% holdings in it.
Big Bull has started his business in the stock market in 1985. First time Rakesh has invested five thousand and made his first profit in 1986. Rakesh ji had bought 5000 shares of Tata company at Rs 43 per share and sold them after three months at Rs 143 per share. Big Bull earned a profit of Rs 2 to 2.5 crores between 1986 and 1989.
After this he buy four lakh shares of Sesa Starlit company worth one crore rupees. Out of this, He sold 2.5 lakh shares at the rate of Rs 60 to 65 and one lakh other shares at the rate of Rs 150-175. In this investment, Rakesh ji earned more profit. In the of year 2003, Rakesh Jhunjhunwala invested in Titan Company. In which he bought 6 crore shares at a price of Rs 3. The price of one share in 2018 is approximately Rs 876. In 2014 his investment in the company was converted into 2100 crores.
The death of Rakesh Jhunjhunwala has shaken the stock market. Millions of condolence messages have been posted on Twitter. They have played a major role in building the Indian economy. He was the 48th richest businessman of our country. He holds major stake in Titan, Crisil, Aurobindo Pharma, Praj Industries, NCC, Aptech Ltd., Ion Exchange, MCX, Fortis Healthcare, Lupine, VIP Industries, Geojit Financial Services, Rallis India and Jubilant Life Sciences.