Indian billionaire business magnate, Rakesh Jhunjhunwala was born on July 5, 1960, to his father, Radheshyamji Jhunjhunwala and mother, Urmila Jhunjhunwala.
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His father, Radheshyamji is a former Commissioner of Income Tax, while little is known about his mother.
Rakesh Jhunjhunwala Life And Career
Rakesh was a stock trader, and investor, who began his investment journey in 1985 with a capital of ₹ 5,000.
Rakesh attended Sydenham College, as well as the Institute of Chartered Accountants of India.
He ran his own asset management firm, Rare Enterprises, and at the same time, functioned as chairperson and director for many companies.
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Rakesh was a co-founder of Akasa Air, an affordable airline in India, and was referred to as “India’s Warren Buffett” or the “Big Bull of India”.
Rakesh was very accurate when it came to stock market predictions. He had an estimated net worth of $5.5 billion, at the time of his death, and ranked number 36 on the list of the richest people in India.
Rakesh died on August 14, 2022, after suffering from kidney-related problems and acute multiple organ failure.
He was aged 62 and survived by his wife and three children.
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