Rakesh Jhunjhunwala, popularly known as India’s Warren Buffett, died of a heart attack on Sunday at the age of 62. After his death, his shares worth about $ 4 billion are now in discussion. According to a Bloomberg report, Rakesh Jhunjhunwala has shares worth billions of rupees in different companies.
Rakesh Jhunjhunwala had invested in several established businesses and startups. He also served on the boards of several Indian firms. Jhunjhunwala was one of the most influential market voices in Asia’s third largest economy. He was also known as ‘Big Bull’ because of his influence in the market. According to data compiled by Bloomberg, the jewelry retailer was one of the biggest and most profitable investments for Titan Jhunjhunwala and his wife Rekha Jhunjhunwala. It accounts for more than a third of his portfolio.
His other top holdings by market value include companies such as Star Health and Allied Insurance Company, footwear maker Metro Brands Ltd and automaker Tata Motors Ltd. Jhunjhunwala holds over 10 percent stake in Star Health, IT firm Aptech Ltd and videogame maker Najra Technologies. Jhunjhunwala had stepped into Dalal Street in Mumbai in 1985 with just Rs 5000. Later he created a business worth billions with the same 5 thousand rupees. He is an inspiration to the investors who start in the stock market with just a few thousand rupees. Rakesh Jhunjhunwala recently started an airline in India by the name of Akasa. Akasa Air started operating its flights only a few days ago.