Rakesh Jhunjhunwala

Rakesh Jhunjhunwala
Born(1960-07-05)5 July 1960
Hyderabad, Andhra Pradesh, India[1]
Died14 August 2022(2022-08-14) (aged 62)
Mumbai, Maharashtra, India
EducationChartered Accountant
Alma mater
Occupations
Spouse
Rekha Jhunjhunwala
​
(m. 1987)​
[2]
Children3
AwardsPadma Shri (2023; posthumously)

Rakesh Radheyshyam Jhunjhunwala[3] (5 July 1960 – 14 August 2022) was an Indian billionaire investor, stock trader, and Chartered Accountant. He began investing in 1985 with a capital of ₹5,000, with his first major profit in 1986. At the time of his death, he had an estimated net worth of US$5.8 billion, making him the 438th richest person in the world.[4] He was a partner in his own asset management firm, Rare Enterprises.

Besides being an active investor and stock trader, he served as chairperson and director for several companies. He was also a co-founder of Akasa Air. He was investigated for insider trading and settled with the Securities and Exchange Board of India (SEBI) in 2021. Jhunjhunwala was often referred to as the "Big Bull of India", and was widely known for his stock market predictions and bullish outlooks.[5][6]

In October 2024, his wife Rekha Jhunjhunwala was ranked 28th on the Forbes list of India’s 100 richest tycoons, with a net worth of $9.3 billion.[7]

  1. ^ "I am thinking of making a film: Rakesh Jhunjhunwala". The Economic Times. 9 November 2010. Archived from the original on 7 July 2022. Retrieved 7 July 2022.
  2. ^ "How a middle class man became a billionaire: Little known facts about Rakesh Jhunjhunwala". Yahoo! Finance. Archived from the original on 14 August 2022. Retrieved 14 August 2022.
  3. ^ Sahgal, Sundeep Khanna, Ram (15 August 2022). "Rakesh Jhunjhunwala, the investor who saw the future". mint. Retrieved 4 February 2024.{{cite web}}: CS1 maint: multiple names: authors list (link)
  4. ^ "Rakesh Jhunjhunwala". Forbes. Archived from the original on 16 August 2022. Retrieved 14 August 2022.
  5. ^ "Rakesh Jhunjhunwala: Tributes for India's 'stock market king' who died at 62". BBC News. 14 August 2022. Archived from the original on 14 August 2022. Retrieved 14 August 2022.
  6. ^ Karmali, Naazneen. "Billionaire Investor Rakesh Jhunjhunwala, Known As 'India's Warren Buffett' Dies At 62". Forbes. Archived from the original on 16 August 2022. Retrieved 14 August 2022.
  7. ^ "India's 100 Richest". India’s 100 Richest. 9 October 2024.