Ace investor Rakesh Jhunjhunwala (File Photograph)
Photograph : ET Now Bureau
New Delhi: The Ace investor
Rakesh Jhunjhunwala handed away early Sunday morning. Born on July 5, 1960, Rakesh Jhunjhunwala died on the age of 62. He was often called massive bull, an investor with a Midas contact, India’s Warren Buffet.
As per Forbes, he had an estimated internet price of $5.5 Billion (as of July 2022) making him the thirty sixth richest man in India. A mentor and inspiration to many Indians leaves for his heavenly journey. Condolences are pouring from market veterans, ministers and company leaders have.
Rakesh Jhunjhunwala was indomitable. Energetic, witty and insightful, he leaves behind an indelible contribution to the monetary world. He was additionally very keen about India’s progress. His passing away is saddening. My condolences to his household and admirers. Om Shanti. Tweeted Prime Minister
Narendra Modi.
Shri Rakesh Jhunjhunwala is not any extra. Investor, daring threat taker, masterly understanding of the inventory market, clear in communication- a pacesetter in his personal proper. Fondly keep in mind a number of conversations we’ve had. Had sturdy perception in India’s energy and capabilities. Condolences-
Nirmala Sitharaman Rakesh Jhunjhunwala: my faculty and school mate. One 12 months my junior. Believed inventory India was undervalued. He’s proper. Amazingly sharp in understanding monetary markets. We spoke frequently, extra so throughout Covid. Will miss you, Rakesh!
Uday Kotak, Kotak Mahindra Financial institution
Rakesh Jhunjhunwala believed in India and the sheer potential of the nation. This conviction led him to persistently make daring selections all through his life and profession. He had super regard for the Tata Group. Mr. Jhunjhunwala’s passing is an irreparable loss and we prolong our deep condolences to his household and mates. -N Chandrasekaran, Chairman, Tata Sons
Gautam Adani tweeted saying Extraordinarily saddened by the premature passing away of essentially the most legendary investor that India has had. Shri Jhunjhunwala impressed a whole era to consider in our fairness markets together with his sensible views. We’ll miss him. India will miss him however we’ll always remember him. RIP
Vinay Dube, Founder and CEO at Akasa Air
We’re deeply saddened by the premature demise of Mr. Rakesh Jhunjhunwala this morning. Our ideas and prayers are with Mr. Jhunjhunwala’s household and mates. Might his soul relaxation in peace. We at Akasa can not thank Mr. Jhunjhunwala sufficient for being an early believer in us and placing his belief and religion in us to construct a world-class airline. Mr. Jhunjhunwala had an invincible spirit, was deeply keen about every little thing Indian and cared significantly for the well-being of our workers and clients. Akasa Air will honour Mr. Jhunjhunwala’s legacy, values and perception in us by striving to run an amazing airline.
So saddened by RJ demise… he was a mentor, who had the endurance to again his individuals for the long run. Within the a few years I used to be related to him, not as soon as did he query my funding/ buying and selling selections and backed me to take larger bets. I used to be very lucky to seek out somebody with such knowledge, endurance and ability and success. Might God grant him peace –
Atul Suri.
Firstly, he was an amazing human being, had a giant coronary heart. He was an establishment in himself. He not solely mentored us however was an inspiration for a whole era and generations to come back. His sharp perception and intuition for markets is unparalleled. We learnt not only a lot however virtually every little thing about investing and markets from him. He taught us what threat is and what alternative is. He tight us the significance of the massive image. To fearless however respect the markets. I don’t suppose there might be higher cheerleader for India and markets for a very long time to come back. It’s a deep private loss for me and for your complete nation. The inventory markets in India have misplaced its crown jewel. However the knowledge and phrases of the jewel will shine perpetually. –
Hiren Ved
