The Real Reason For Big Bull Rakesh Jhunjhunwala’s Death

by The Journal Story August 17, 2022 0 Comment

The renowned shareholder Rakesh Jhunjhunwala, also recognised as the “Big Bull” of Dalal Street, sadly passed away in Mumbai at 62. According to sources, he had numerous health issues related to diabetes and kidney disease.

Jhunjhunwala was brought to Breach Candy Hospital, where his death was announced this morning.

The Son of a revenue tax officer, the Indian Warren Buffett, the identity investor, entrepreneur, and industrialist from India, is accompanied by his wife and three kids in his last moments.

A few days ago, he made his most recent public appearance at the moderate airline Akasa Air premiere, in which Jhunjhunwala was a booster. The renowned investor, who is a chartered accountant by training, hasn’t been feeling well lately and was in a wheelchair during the public event and appeared fragile.

Jhunjhunwala ranked 36th among India’s billionaires, according to Forbes, with an approximate net worth of $5.8 billion (about Rs 46,000 crore).

Jhunjhunwala regarded Radhakishan Damani, the creator of the retail chain DMart, as his financial mentor and a very close friend. He was known as “Rakesh Bhaiya” to younger entrepreneurs.

He was among the select few buyers and sellers proficiently in investments and trading. As a merchant, Jhunjhunwala could perform a “le phataphat, de phataphat” and even hold onto a gem like Titan for a long time.

Market information indicates that Jhunjhunwala began selecting Titan in 2015 and that since then, his investment in Tata shares has increased to Rs 11,000 crore. The 32 stocks he held were listed.

Realistic expectations were a point frequently stressed by the seasoned trader/investor. In conversations with the media, he stated that those who can generate returns on their portfolio of 18 or 21% are on par with monarchs or emperors.

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Link Source: Wikipedia, Breach Candy Hospital