Rakesh Jhunjhunwala, after battling health problems for a while, passed away in August last year. According to Forbes, the billionaire had amassed a fortune worth an estimated $5.8 billion. As a young investor, Jhunjhunwala found a mentor in Radhakishan Damani at a time when the stock market index Sensex was at 150; it now trades at over 61,000.
Jhunjhunwala, whose fortune is believed to be worth approximately Rs 50,000 crore, had arranged to ensure his estate, including shares and property, is bequeathed to his wife and three children. In fact, he would often speak about his fourth child - charity.