The dying of Indian billionaire Rakesh Jhunjhunwala places a highlight on the practically $4 billion price of shares held by the famed investor, whose trades had been intently scrutinized.
The person often called India’s Warren Buffett died of a reported cardiac arrest Sunday on the age of 62.
The self-made dealer invested in a large swathe of established companies and startups, and served on the boards of a number of Indian corporations.
Jhunjhunwala was among the many most influential market voices in Asia’s third-biggest financial system, with an intense following among the many nation’s rising horde of retail traders.
The person often known as “Big Bull” was a fierce backer of the India development story.
Jewelery retailer Titan Co. was one of many largest and most worthwhile investments for the veteran dealer and his spouse Rekha Jhunjhunwala, making up for greater than a 3rd of their portfolio, in keeping with information compiled by Bloomberg.
Their different high holdings by market worth embody Star Well being & Allied Insurance coverage Co., footwear maker Metro Manufacturers Ltd. and automaker Tata Motors Ltd. Jhunjhunwala held stakes of greater than 10% in Star Well being, IT agency Aptech Ltd. and videogame maker Nazara Applied sciences Ltd.
Even Prime Minister Narendra Modi acknowledged the affect Jhunjhunwala had on the investing group. The “indomitable” investor made “an indelible contribution to the financial world,” Modi wrote in a tweet Sunday.
Rakesh Jhunjhunwala was indomitable. Energetic, witty and insightful, he leaves behind an indelible contribution to the monetary world. He was additionally very obsessed with India’s progress. His passing away is saddening. My condolences to his household and admirers. Om Shanti. pic.twitter.com/DR2uIiiUb7
— Narendra Modi (@narendramodi) August 14, 2022
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