Ace Investor RakeshJhunjhunwala Passes Away at the Age of 62: 10 Facts about the 'Big Bull of Dalal Street' You Should Know

Ace Investor Rakesh Jhunjhunwala Passes Down at the Age of 62 10 Data about the' Big Bull of Dalal Street' You Should Know 

Ace Investor Rakesh Jhunjhunwala Passes Down The ‘ Big Bull of Dalal Street ’ and Ace Investor and breathed his last in Mumbai moment. Mr Jhunjhunwala passed away at the age of 62 due to multiple health complications. Then are 10 effects you should know about the Billionaire Business mogul. Ace Investor Rakesh Jhunjhunwala Passes Down The ‘ Big Bull of Dalal Street ’ and Ace Investor and breathed his last in Mumbai moment. Mr Jhunjhunwala passed away at the age of 62 due to multiple health complications days after being rushed to Breach Candy Hospital in Mumbai at 645 AM in the morning. He was suffering from multiple health affections including a order- related disease and had habitual diabetes. He's survived by woman Rekha Jhunjhunwala, son Nishtha Jhunjhunwala, and two sons Aryaman Jhunjhulwala and Aryavir Jhunjhunwala. 

 

Then are 10 effects you should know about the Billionaire Business mogul. 

 

• Family and particular Background Rakesh Jhunjhunwala was born on 5th July 1960 and grew up in a Rajasthani Family grounded in Bombay/ Mumbai. His father was a government menial and worked as the Commissioner of Income Tax. 

• Academic Background Rakesh Jhunjhunwala was a Chartered Accountant( CA) by qualification. Prior to getting his professional CA degree, he'd completed his scale degree from Sydenham College Mumbai. 

• Trip on Dalal Street Mr Jhunjhunwala got interested in stock requests and trading inspired by his father and his musketeers. He began investing in Stocks in 1985 with a base capital of Rs 5000/-, when BSE use to trade at 150. Over the coming 3 decades, he dominated the Indian Stock Markets and went onto come one of the most profitable, well given and influential stock trades in the country. 

• Aliases The unique investing style and the high- threat taking profile of Rakesh Jhunjhunwala earned him several aliases during his careers. He was fondly known as the' Big Bull of Dalal Street' and indeed as the' India's Warren Buffet' in trading circles across the country. 

• Networth As per Forbes' Real- time Billionaires Index, Jhunjhunwala is ranked among the top 500 richest billionaires, having a net worth of$5.8 billion( about Rs,000 crore) as of July 2022. This also made him the 36th richest man in the country. 

• First Break Jhunjhunwala’s first major profitable investment came in 1986 when he bought,000 shares of Tata Tea at Rs 43 and the stock rose to Rs 143 within three months. During this period, he managed to earn Rs 20- 25 lakh. 

• Stock Portfolio As on 2018, the stock portfolio held by Mr Rajesh Jhunjhunwala grew to Rs 11000/- crores. It included some of the most profitable companies in India similar as Star Health, Titan, Rallis India, Attendants, Canara Bank and Tata Motors among others. 

• Positions Held A chartered accountant by profession, Mr Jhunjhunwala also acted as the president of Hungama Media, Aptech. In addition to this, he also was among the board of directors for major brands similar as Viceroy hospices, Concord Biotech, Provogue India and Geojit Financial Services. 

• His Trading Company He also ran a intimately- possessed trading establishment or asset operation establishment called ‘ RARE ’ enterprises which was named after his and his woman’s initials. 

• Akasa Air lately, he also launched Akasa Air- India’s newest airline which took its first flight just days ahead on 7th August 2022.