标签档案: 印第安人

Veteran Indian investor Rakesh Jhunjhunwala dies at 62

Veteran Indian investor Rakesh Jhunjhunwala dies at 62
Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffet, died Sunday in Mumbai city, Press Trust of India news agency reported

Veteran stock market investor and 印第安人 billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffet, died Sunday in Mumbai city, Press Trust of India news agency reported. 他是 62.

总理 Narendra Modi led the tributes for the business magnate, who had an estimated net worth of $5.8 十亿, according to Forbes.

“Rakesh Jhunjhunwala 是不屈不挠的. Full of life, 机智而有见地, 他为金融界留下了不可磨灭的贡献,” Modi tweeted, and also expressed his condolences to Jhunjhunwala’s family.

His cause of death has not yet been released, although he was said to be suffering from various health issues, local media reported.

俊俊瓦拉, a chartered accountant from the northern state of Rajasthan, began investing in the stock market while he was still in college, starting off with capital of just 5,000 rupees ($63). He went on to establish and manage RARE Enterprises, an asset management firm. As his net worth steadily rose, he became one of India’s richest men with investments in some of the country’s biggest companies.

In his latest venture, he teamed up with two Indian airline CEOs to launch the low-cost Akasa Air, which took its first flight last week. Jhunjhunwala was seen at the launch in a wheelchair, local media reported.

Also called the “Big Bull” of the country’s Bombay Stock Exchange, Jhunjhunwala was known for taking risks in the market and in his investments.

“Investor, bold risk-taker, masterly understanding of the stock market,” tweeted Finance Minister Nirmala Sitharaman, calling him a “leader in his own right” who strongly believed in India’s strength and growth.

In an interview last week with news channel CNBC-TV18, Jhunjhunwala said despite the unfavorable economic conditions across the world, “the Indian market will grow, but at a slower pace.”