New Delhi: Rakesh Jhunjhunwala, a veteran investor and branded as “India’s Warren Buffet,” passed away on Sunday. Jhunjhunwala served as the chairman of Hungama Media, Viceroy Hotels, Geojit Financial Services, Concord Boitech, and Vogue India. In addition, he founded the recently established Akasa Air.
He actually last appeared in public on the airlines’ debut. People started mourning his passing on Twitter as soon as the news of his death surfaced.
Jhunjhunwala, known as “The Big Bull of Indian Markets,” has a net worth of $5.8 billion as of August 2022. He made investments both personally and through his company, Rare Enterprises.
The Rakesh Jhunjhunwala-backed low-cost airline Akasa Air debuted on August 7.
According to Forbes, Jhunjhunwala was the 438th richest man in the world as of this writing in 2022 and the 36th richest person in India in 2021.
Here are five companies the “Big Bull” made investment
He had 1.07% shares in Titan Co Ltd whose net value is 2358.38 crores. In Metro Brands Ltd his share is 9.61% with a total value of 2,229.93 crores. Star Health & Allied Insurance Co Ltd 3.10% with a total value of 1,229.00 crores. He has also investment in Fortis Healthcare Ltd whose total net value is 898.91 crores which is 4.2% of total shares. In CRISIL Ltd, his stake stands at 2.9% with a total value of 21,29,250 crores.
