Rakesh Jhunjhunwala Short biography
Rakesh Jhunjhunwala was an Indian investor and trader who had a net worth of US$6 billion as of March 2024 at the time of his death. Known as 'India's Warren Buffett,' Jhunjhunwala was a partner in Rare Enterprises and invested in Akasa Air. He faced insider trading allegations but settled with SEBI. Born in Hyderabad, he graduated from Sydenham College and became a Chartered Accountant. Jhunjhunwala began investing with a small capital and made significant profits over the years. He managed his portfolio and held assets in various companies. Jhunjhunwala supported charities and planned to donate a quarter of his wealth. He fell ill in August 2022 and passed away due to multiple organ failure. Jhunjhunwala was respected for his stock market insights and bullish outlook.
