What made matters worse were his chronic kidney illness and diabetes, two additional diseases that accompanied him. Others who knew him also claim that he was receiving dialysis since both of his kidneys had failed.
Rakesh Jhunjhunwala frequently expressed the desire to have breakfast, engage in some trade, return home for dinner, enjoy a drink, and then retire to bed without arising the next morning. And when word of his death broke at 7 a.m. on Sunday, August 14, it was almost exactly how he had envisioned it all to end. However, it took place at the Breach Candy Medical Center.
Cause of Rakesh Jhunjhunwala’s death
The abrupt cardiac arrest he experienced, also known as a heart attack in common parlance, was the immediate cause of death. Although cardiac arrest is more of a heart stoppage, Jhunjhunwala had ischemic heart disease, which is why it was more of a heart attack. In layman’s terms, this means the blood flow to the heart muscle is inadequate and may be caused by blockages in the heart muscle, of which a heart attack is one symptom.
What made matters worse were his chronic kidney illness and diabetes, two additional diseases that accompanied him. Others who knew him claim that he was receiving dialysis and that both of his kidneys had failed. As a result, Jhunjhunwala frequently had to travel to the Mumbai hospital where he was receiving treatment, Breach Candy.
His health issues grew to the point that he spent nearly four months in the hospital over the previous six months due to hospital stays. The fact that he was obese only made things more difficult, and he refused to quit drinking and smoking. However, many people were taken aback by the passing of a colourful life, and heartfelt tributes are still pouring in.
At age 62, Rakesh Jhunjhunwala passes away; Ace investor was referred to as the Indian Warren Buffett.
The seasoned investor, also referred to as “India’s Warren Buffet,” was a chartered accountant as well as a trader.
Rakesh Jhunjhunwala, a billionaire, dies at age 62: According to news sources, renowned investor Rakesh Jhunjhunwala passed unexpectedly on Sunday morning at the age of 62. His death’s causes are still unknown. Due to his long-term investing approach, the expert investor was frequently referred to as the Warren Buffett of India. On Twitter, Prime Minister Narendra Modi offered his sympathies on the passing of the renowned investor after meeting him earlier this year. “Rakesh Jhunjhunwala had unbreakable resolve. He made an immeasurable contribution to the financial world and was full of life, witty, and smart. Additionally, he had a strong love for India’s development. We are saddened by his departure. My sympathies go out to his family and supporters. The prime minister referred to Om Shanti in his tweet.
Background of Rakesh Jhunjhunwala
The experienced investor, dubbed “India’s Warren Buffet,” was also a trader and chartered accountant. According to TV news channels, Jhunjhunwala, who was born on July 5, 1960, grew up in a Rajasthani home in Bombay where his father served as a Commissioner of Income Tax. He reportedly attended the Institute of Chartered Accountants of India after graduating from Sydenham College.
When it comes to making investments in India, the multibillionaire investor was one of the most outspoken. In his most recent interview with CNBC TV18, Rakesh Jhunjhunwala repeated his bullish views on the domestic equity markets. He had, however, forewarned investors that index growth would be slower than in recent years.
Rakesh Jhunjhunwala in list of Billionaires
According to Forbes, Big Bull was worth more than $5.3 billion. According to Forbes, he was the 38th richest person in India and the 440th richest person in the world.
Favorite stocks of Rakesh jhunjhunwala
Among the several businesses controlled by Rakesh Jhunjhunwala, Titan Company Limited of the Tata Group was frequently mentioned as his favourite stock. The largest holding in Rakesh Jhunjhunwala’s name in terms of value is Titan’s stock. Additionally, Big Bull owns Tata Motors, Indian Hotels, Geojit Financial Services, and his own company, Star Health and Allied Insurance, which he just floated on stock exchanges. This month saw Rakesh Jhunjhunwala make his maiden foray into the aviation industry when Akasa Air made its inaugural flight.
The asset management company, Rare Enterprises, was run by the billionaire investor. Rakesh Jhunjhunwala graduated from Sydhnem College of Commerce and Economics in Mumbai with a bachelor’s degree in commerce (with honours), and he also earned his chartered accountant certification from the Institute of Chartered Accountants of India in 1984.