Indian Billionaire-Investor Rakesh Jhunjhunwala

Indian Billionaire-Investor Rakesh Jhunjhunwala Dies at 62

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

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

including the country’s newest airline Akasa Air.

Known for his selection of stocks for long-term investing

Jhunjhunwala was among the most influential market voices in India.

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

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