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Rakesh Jhunjhunwala
PROFILE
Rakesh Jhunjhunwala
Deceased
$5.8B
2022 Billionaires Net Worth
as of 4/5/22
Photo by SHAILESH ANDRADE/REUTERS/Newscom
About Rakesh Jhunjhunwala
Investor with a Midas touch, Rakesh Jhunjhunwala, who passed away in August 2022, was often referred to as India's Warren Buffett.
Son of an income tax officer, Jhunjhunwala started dabbling in stocks while still in college.
He began investing with $100 in 1985 when the Bombay Stock Exchange Index was at 150; it now trades over 50,000.
The most valuable listed holding in his portfolio at the time of his death was watch and jewellery maker Titan, part of the Tata conglomerate.
Jhunjhunwala's early bets on Star Health and Allied Insurance and Metro Brands paid off when both companies listed in 2021.
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Known as India’s Warren Buffett, 61-year-old Rakesh Jhunjhunwala, saw his net worth more than double to $5.5 billion. He recently placed a $35 million bet on Akasa, a new ultra-low-cost airline.