Rakesh Jhunjhunwala, an Indian millionaire whose trades were extensively examined, passed away, drawing attention to the nearly $4 billion worth of equities he owned.
At the age of 62, the man dubbed “India’s Warren Buffett” passed away from a suspected heart arrest. The self-made trader served on the boards of various Indian companies and invested in a wide range of startups and established companies.
Jhunjhunwala had a devoted following among the nation’s expanding horde of individual investors and was one of the most important market voices in Asia’s third-largest economy. The individual who went by the nickname “Big Bull” was a staunch supporter of the India growth narrative.
According to data gathered by Bloomberg, the seasoned trader and his wife Rekha Jhunjhunwala’s greatest and most lucrative investment was jewellery retailer Titan Co., which accounted for more than a third of their portfolio.
By market value, their other major holdings include Tata Motors Ltd., Metro Brands Ltd., and Star Health & Allied Insurance Co. More than 10% of Jhunjhunwala’s holdings were in Star Health, the IT company Aptech Ltd., and the videogame developer Nazara Technologies Ltd.
Even Indian Prime Minister Narendra Modi acknowledged Jhunjhunwala’s influence on the investment world. According to Modi’s tweet from Sunday, the “indomitable” investor made “an indelible contribution to the financial world.”
