At what age did Rakesh Jhunjhunwala start investing?
Many people have mourned the loss of Rakesh Jhunjhunwala, an Indian businessman worth millions, by sending messages of sorrow and paying tribute online. On Sunday, Jhunjhunwala, a rich stock market broker, passed dead in a Mumbai hospital following an unexpected illness. According to the autopsy report, the patient died of “sudden cardiac arrest.” At the…
Many people have mourned the loss of Rakesh Jhunjhunwala, an Indian businessman worth millions, by sending messages of sorrow and paying tribute online. On Sunday, Jhunjhunwala, a rich stock market broker, passed dead in a Mumbai hospital following an unexpected illness.
According to the autopsy report, the patient died of “sudden cardiac arrest.” At the time of his death, Jhunjhunwala was valued almost $5.8 billion, as reported by Forbes. A lot of Indians hold Jhunjhunwala with the same esteem as Westerners do Warren Buffett.
He was a member of the successful generation of Indian business people who saw their fortunes increase after the liberalization of the country’s economy in 1991.
At what age did Rakesh Jhunjhunwala start investing?
According to the accounts, Jhunjhunwala began his career as an investor in the stock market in 1985, when he was 25 years old. He reportedly began his career with $100 that he had borrowed from a relative. Later on, he established Rare Enterprises, a company whose name he came up with by combining the first letters of his own name and those of his wife, Rekha.
