Rakesh Jhunjhunwala was an Indian billionaire business magnate, stock trader, and investor who was born on 5 July 1960 in Hyderabad, Andhra Pradesh, India. His father was an Income Tax Commissioner.
How did Rakesh Jhunjhunwala become so rich?
Jhunjhunwala became interested in stock markets after observing his father discussing them with his friends. While his father advised him on the markets, he never gave him money to invest. He also prohibited him from borrowing money from friends. As a result, Rakesh began investing while still in college with his savings. His investment has grown from 5,000 rupees in 1985 to 11,000 crores today.
Did Rakesh Jhunjhunwala die?
Rakesh experienced some health concerns on August 14, 2022, and was rushed to Breach Candy Hospital in Mumbai. He died later that morning, around 6:30 a.m. Doctors reported that he also had kidney problems and acute multiple organ failure.