Indian Billionaire-Investor Rakesh Jhunjhunwala

Indian Billionaire-Investor Rakesh Jhunjhunwala Dies at 62

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Billionaire investor Rakesh Jhunjhunwala, locally known as India’s Warren Buffett due to his penchant for equity investing, has died.

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The veteran stock market investor was a self-made trader, and invested in several established businesses and startups

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including the country’s newest airline Akasa Air.

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Known for his selection of stocks for long-term investing

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Jhunjhunwala was among the most influential market voices in India.

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While equity investments in the world’s second-most populous nation are yet to emerge as a major source of household savings and form less than 5% of assets

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Watch our previous story comedian Teddy Ray passed away at the age of 32.

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