His deeply ingrained belief and conviction on India and its potential is strongly corroborated by some of his long-term bets – companies that will grow as domestic consumption or discretionary spends go up.
Veteran investor Rakesh Jhunjhunwala, also fondly known as the ‘Big Bull’ of Indian stock market, passed away at the age of 62 on Sunday morning. According to reports, he was brought dead to Mumbai’s Breach Candy Hospital.
RIP Rakesh Jhunjhunwala: A self-made trader, investor and businessman, he was also known as the Big Bull of Dalal Street. With an estimated net worth of around USD 5.8 billion (about Rs 46,000 crore).
Of late, Jhunjhunwala said that nobody can predict weather, death, market and women. This comes true in the case of the equity investor as the whole investing community got shocked by the news of his death.