5 Facts About Rakesh Jhunjhunwala, Big Bull Of Dalal Street
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Rakesh Jhunjhunwala died of a heart attack
New Delhi:
Billionaire investor Rakesh Jhunjhunwala, often referred to as the Big Bull of Dalal Street, died of a cardiac arrest this morning. He was 62
Here are 5 facts about him:
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Rakesh Jhunjhunwala, often referred to as India’s Warren Buffet, was born in Hyderabad on July 5, 1960 and grew up in Mumbai.
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After graduating from Sydenham College, he enrolled in Institute of Chartered Accountants of India and married Rekha Jhunjunwala, also a stock market investor.
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Mr Jhunjhunwala was known to be bullish about India’s stock market and whatever stocks he purchased mostly turned into multibagger.
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Mr Jhunjhunwala ran a privately-owned stock trading firm called RARE Enterprises. He also backed India’s newest airline Akasa Air which took off in Indian skies earlier this month.
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Asked why he started the venture when the aviation sector was not doing well. “I say I’m prepared for failure,” he had replied.
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