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Indian billionaire Rakesh Jhunjhunwala dies at 62

Sunday, August 14, 2022
Indian billionaire Rakesh Jhunjhunwala dies at 62

Indian billionaire stock investor Rakesh Jhunjhunwala, known as ‘Big Bull’ of Indian stock market, died on Sunday at age 62, media said.

The promoter of India's newest airline, Akasa, Jhunjhunwala appeared days ago at its public launch. He is survived by his wife and three children.

"Rakesh Jhunjhunwala was indomitable," Prime Minister Narendra Modi wrote on Twitter. "Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers." Modi ended with "Om Shanti", an invocation of peace.

The self-made businessman was the son of an Income Tax officer and is survived by his wife -- Rekha -- and three children. The ace investor was not keeping well for the past few days. He was an inspiration for wealth creation for crores. He was one of the rare market participants who could successfully handle both the worlds of trading and investing.

The seasoned trader-cum-investor used to emphasise having realistic expectations. In media interviews, he had said that if one can make an 18 or 21 per cent return on their portfolio, they are no less than kings or emperors.



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khaaj ka papa
Wednesday, August 17, 2022
tum sab ki jalti hai, he is a self made man, from 5000 rs to 40,000 crore, first try to make 0.1% of what he made before commenting about him!!

Khaaj
Wednesday, August 17, 2022
@Raj, why you are acting as a lawyer of Jhunjhunwala? even a poor person buying a biscuit, soap or any small item in India is contributing towards the payment of tax to the Government of India and everybody knows how these so called biggest taxpayers make money in india.

SK
Monday, August 15, 2022
he was modi friend , contributed to PM relief friend. so if you speak against him you are expected to trolls

Angela
Sunday, August 14, 2022
May his soul rest in peace and may God console his family.

Saj
Sunday, August 14, 2022
@raj

and you were filing his tax returns?

QUOTE
Rakesh Jhunjhunwala was investigated for insider trading. As of July 2021, the SEBI has settled the issue after a total payment of ₹35 crore from Jhunjhunwala and his associates. Jhunjhunwala paid ₹18 crore and his wife paid ₹3.2 crores
UNQUOTE

If he was honest, why pay?

Raj
Sunday, August 14, 2022
@Taj, My reply was to Shamy for his query on what is his contribution to the society.
FIY, You, me and Shamy, the contribution compared to Junjunwala is a big zero. So learn to respect those who are making some contributions to the society. That is it.

Taj
Sunday, August 14, 2022
@raj, you too have come to Kuwait and looking for freebies in Kuwait and not paying taxes in India. If everyone got the return for paying taxes, we would have been happy in our country.

Raj
Sunday, August 14, 2022
@shamy, He promoted/ funded many industries including the last week launched Aksa airline. Under each of these industries, 100''s of Indians are working.
He is one of the largest tax paying Indian citizen., where his tax money is using to give freebies to all lazy Indians like you.
That is his contribution.
Did you made even a 1 percentage of his contribution to the nation?

shamy
Sunday, August 14, 2022
RIP. but curious to know what are his contributions to the society and the downtrodden apart from him being a self made billionaire.

Friend
Sunday, August 14, 2022
My friend, my prayer is with you; "May God Bless Your Soul".

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