Indian Warren Buffett Rakesh Jhunjhunwala’s Death cause, Net Worth, Wife, Children-News

Breaking news! Rakesh Jhunjhunwala, often called ‘Indian Warren Buffett’ and Big Bull of the Indian Stock market, died at 62 on 14 August 2022. Read more.

Billionaire Jhunjhunwala was a well-established investor and share marketer in India. The 36th richest person in India and among 438 people in the World, Jhunjhunwala’s net worth was $5.8 billion, Forbes (2022).

Rakesh Jhunjhunwala Dies at 62: Indian Prime Minister Narendra Modi Paid Tribute

Indian well-known investor and business magnet Rakesh Jhunjhunwala passed away at 62 on Sunday Morning. Rakesh died from kidney and heart failure at Breach Candy Hospital in Mumbai.

According to his representative, Jhunjhunwala suffered from severe diseases; diabetes, high blood pressure, kidney failure, and heart for a long time. Jhunjhunwala used to have regular health checkups.

Rakehs Jhunjhunwala Pm modi
Rakesh Jhunjhunwala and his wife with Indian Prime Minister Narendra Modi a week before his death, source: India Today

This morning, when his health worsened, his family immediately took him to Breach Candy Hospital. Unfortunately, he was declared dead by the hospital, citing his breath had already stopped.

His death is a significant loss to the Indian economy. He has contributed so much to the Indian financial market. Jhunjhunwala was a mentor and good for one who wanted to invest/trade in the stock market. Currently, his Malabari luxury house is filled with his well-wishers, relatives, and the highest-ranking officers of the Indian business community.

After his death, millions of Indians paid tributes to him. He received a commendation from cabinet members and business tycoons.

Narendra Modi– the Indian Prime Minister, also paid tribute to him and posted a tweet. Furthermore, home minister Amit Shah, Defense minister Rajnath Singh, MD, and CEO of Motilal Oswal Group also paid tribute to him.

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Rakesh Jhunjhunwala Net Worth Was $5.8 billion.

Indian business magnet Rakesh Jhunjhunwala made a massive fortune of $5.8 billion until his death. Jhunjhunwala, also called The Bug Bull of the Indian Stock Market, invested individually and with his trading firm RARE Enterprises. He started his investing journey with 5000 INR in 1985. After 35 years, he built an empire worth $6 billion (approx). He made his fortune mainly through the share market.

His assets portfolio had more than 100 diverse companies. He was Chartered Accountancy by education but worked primarily in the financial market. Forbes called him the 438 wealthiest people in the world in 2022.

When he began his marketing career, the Bombay stock Index (SENSEX) was at around 150 points, and it has crossed 59000 as of 2022. He is an inspiration and influence to millions of Indian individuals to invest/trade in Indian markets.

Jhhunjhunwala recently invested in a new low-cost airline Akasa Air which launched in August 2022. He was an avid movie lover who co-produced several Bollywood films through his media company Hungama Records. His portfolio includes Titan, Escorts, Canara Bank, Agro Tech Foods, Nazara Technologies and, Tata Motors, Star Health. Jhunjhunwala had several lavish houses and cars while alive.

Rakesh Jhunjhunwala Wife And Children

Indian business magnet was a family man. He was married to Rekha Jhunjhunwala from 1987-2022. His wife shared three children with him. Their firstborn child, a daughter Nistha was born on 30 June 2004. After five years, they welcomed twin boys, Aryaman and Aryaveer, on 2 March 2009. They all are studying right now.

Rakesh Jhunjhunwala family
Rakesh Jhunjhunwala with his mother, wife, and children, source: wikibio

Rakesh Jhunjhunwala’s wife, Rekha, is also an eminent investor. She and her husband worked together for Indian stock market growth, and after his death, she will overtake his business position and investment portfolios and properties. He used to live in his Malabar house with his wife and children.

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Rakesh Jhunjhunwala Quick Bio

Full NameRakesh Jhunjhunwala
Date of Birth5 July 1960
BirthplaceHyderabad, Telangana, India
Death14 August 2022
EducationChartered Accountant
WifeRekha Jhunjhunwala
ChildrenNishta, Aryaman and Aryavir
MotherUrmila Jhunjhunwala
FatherRadheshyamji Jhunjhunwala
TribeRajasthani Marwari