As a shocker to the market, Rakesh Jhunjhunwala death story will have an impact on the stock market in India. He was hailed as India’s own warren buffet. Recently, he also invested in the aviation sector by creating a company which we all know & that goes by the name of “Akasa Airlines” Let us have a look at what Times of India’s news section reported on this event.
Billionaire investor Rakesh Jhunjhunwala often referred to as ‘India’s own Warren Buffet’, passed away at the age of 62 in Mumbai on Sunday. He was not keeping well for the past few days and breathed his last today in Breach Candy Hospital in Mumbai, as per the hospital sources.
- Rakesh Jhunjhunwala death news | Titan | The time is over RIP the big bull
- Raising a generation of Traders
Rakesh Jhunjhunwala death news | Titan | The time is over RIP the big bull
In all his interviews Mr Rakesh Jhunjhunwala has not shied away from showing his love for everything RARE which is not a coincidence but the name of his company RARE ENTERPRISES. He always thanked TATAs and with all his humility, he never hesitated in speaking the following words – “TATAs are blessed”. Rakesh Jhunjhunwala’s death news will create a lot of ruckuses (I wanted to write ruckus but the autosuggestion from Grammarly just made me do ruckuses. In the time of AI brackets are longer than the sentences.) in the stock market or maybe it’s just how life is we all can speculate until it’s Monday morning and it’s 09:15 AM.
Rakesh Jhunjhunwala raised a generation of traders | Rakesh Jhunjhunwala death news shocked everyone
Rakesh Jhunjhunwala was born in Hyderabad on the 5th of July 1960. He later came to Mumbai where he studied at Sydenham College of Commerce and Economics, Bombay. There were two incidents that brought him into the limelight one was well known, and the other one was a coincidence.
- Every investor in the Indian markets knows only two names Rakesh Jhunjhunwala & warren buffet. Almost all traders & investors knew of how Rakesh’s initial investments in the securities market reaped enormous returns especially the saga of TITAN. People also hailed & cherished the story of making millions of dollars from just 5,000 Rs. Rakesh Jhunjhunwala inspired generations of people (traders) across the decades from the 1980s to the 2020s. Finally, when he launched Akasa he left us for the higher abode.
- Rakesh Jhunjhunwala was famous among adults, but then came a series on Harshad Mehta (Scam) and he became a household name. The series did not take his name or feature him but a character was linked to & talked about with Rakesh’s identity which was attributed to him.
A man of joy, a man who had a taste for life in the manner he talked, in many of his interviews with prominent journalists we can see his common sense & liveliness. Whether it’s cars, family, or luxurious lifestyle his rationality was evident on every front, never had he spoken about his prowess and his abilities. The men may not remain with us, but their spirits are eternally remembered such was his personality. RIP Mr. Rakesh Jhunhunwala.
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