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.
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.
Jhunjhunwala was also famous for delivering catchy dialogues that came naturally to him. At the India Today conclave last year, he said: “India is coming into a phase that India has never seen, hamara time aayega nahi, hamara time aa gaya hai (India’s time will not come, it has already come).”
The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely scrutinized.