Sources say that the investor was taken to the Candy Breach Hospital at 6:45 AM and was pronounced dead there. They said he had a lot of health problems, including kidney problems, and had been sent home from the hospital a few weeks ago. Rakesh Jhunjhunwala died at age 62. Follow Hitsbuddy to learn about the most recent news.
He is a trader, a chartered accountant, and one of the wealthiest people in the country. The last time he was seen in public was at the launch of Akasa Air.
Jhunjhunwala started playing around with the stock market when he was in college. He went to the Institute of Chartered Accountants of India, but after he graduated, he decided to go straight into Dalal Street. In 1985, Jhunjhunwala put Rs 5,000 into the stock market. That capital had increased to Rs 11,000 crore by September 2018.
Also Read: Tiktok Girl Cruel live Murder On Facebook
When Jhunjhunwala heard his father talking about the stock market with his friends, he became interested in it. Jhunjhunwala said that his father had told him to read newspapers often because the news was what made the stock market change. Reports say that his father let him play around with the stock market, but he wouldn’t help him with money and told him not to ask his friends for money.
But Jhunjhunwala has always been willing to take risks. He promised to pay back the money he borrowed from his brother’s clients with a higher rate of return than a bank fixed deposit. Rakesh Jhunjhunwala died at age 62.
In 1986, he made his first big profit when he bought 5,000 shares of Tata Tea for Rs 43 each. In three months, the price of the stock went up to Rs 143. He made more than three times what he had before. In three years, he made 20 to 25 lakh.
Over the years, Jhunjhunwala has made good investments in Titan, CRISIL, Sesa Goa, Praj Industries, Aurobindo Pharma, and NCC.