Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala passed away on Sunday after suffering cardiac arrest. Known as the ‘Big Bull of Stock Market’ and ‘India’s Warren Buffet,’ he pioneered the art of investing in Dalal Street. Jhunjhunwala, who was an alumnus of Sydenham College, was also enrolled at the Institute of Chartered Accountants of India.
Jhunjhunwala first began investing in the stock market in 1985. The initial capital he invested in the stock market was only Rs 5,000, which grew multifold to Rs 46,000 crore by 2018. As of June 2022, Jhunjhunwala has assets worth $5.5 billion. He has been ranked as the 36th richest man in the country.
The stock market maverick was known for his decisiveness to invest in stocks with high valuations. His firm, RARE Enterprises, focuses on stock market trading. Jhunjhunwala was known for guiding his friends and colleagues, on the right investment in the stock market.