The people of India woke up to a shocking Sunday when news broke out that billionaire stock investor Rakesh Jhunjhunwala died.

Jhunjhunwala, who suffered from multiple health issues, including kidney ailments, had a cardiac arrest. He breathed his last at Breach Candy Hospital in Mumbai city. He was 62.&nbsp;

Just last week on August 7, he launched his low-cost carrier Akasa Air. &nbsp;He was seen on a wheelchair at the launch.

He is arguably one of the most successful stock investors in Indian history as he has a knack for picking the correct stock at the right time. Hence, he is often called India’s Warren Buffet.

His success story inspired millions of Indians who started to view the Indian stock market as another source of investment.

How Jhunjhunwala became the Big Bull?

Jhunjhunwala forayed into the stock market when he was in college. After attaining degree at the Institute of Chartered Accountant of India, he decided to become a full-time investor. In 1985, Jhunjhunwala started with Rs 5,000 ($60 approx.) as capital. By September 2018, that capital had inflated to Rs 110 billion.

Jhunjhunwala said to have developed interest in the stock market after listening to his father, who was an income tax officer, discussing it with his friends.

Quoting his father, Jhunjhunwala once said that he was told to read newspapers regularly as it was the news that made stock market fluctuate. While his father allowed him to dabble with the stock market, he refused to give him financial aid and prohibited him to ask friends for money.

But Jhunjhunwala believed in taking risks. He borrowed money from his brother’s clients and promised to return the capital with higher returns compared with bank fixed deposits.

His risk-taking appetite paid off as Jhunjhunwala earned his first big profit in 1986 when he bought 5,000 shares of Tata Tea at Rs 43 and the stock rose to Rs 143 within three months. He earned over three-times profit. In three years, he earned Rs 2 million to Rs 2.5 million.

Over the years, Jhunjhunwala successfully invested in Titan, CRISIL,&nbsp; Sesa Goa, Praj Industries, Aurobindo Pharma and NCC.

After the 2008 global recession, his stock prices fell by 30% but he eventually recovered from the loss by 2012.

Rakesh Jhunjhunwala's personal life

&nbsp;Jhunjhunwala was born in a Rajasthani family on July 5, 1960. His father was posted as an Income Tax Officer. He grew up in Mumbai. He was married to Rekha Jhunjunwala, who is also a stock market investor.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/rakesh-jhunjhunwalas-total-net-worth-big-bull-in-indias-stock-market-506679">Big Bull Rakesh Jhunjhunwala no more, with $5.8 billion net worth, was no. 36 in India's 100 rich list</a>

His forefathers hailed from Rajasthan’s Jhunjhunu — the reason behind his surname.

He is survived by his wife and two children.

Also read | I<a href="https://www.wionews.com/india-news/indian-stock-market-mogul-rakesh-jhunjhunwala-dies-at-62-506649">ndian stock market mogul Rakesh Jhunjhunwala dies at 62</a>

Jhunjhunwala's investments

Jhunjhunwala runs a privately-owned stock trading firm called RARE Enterprises. He has invested in Titan, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences, etc.

Rakesh Jhunjhunwala's net worth

Jhunjhunwala is the 36th richest man in India, with a net worth of $5.8 billion, at the end of June quarter, according to Forbes.

(With inputs from agencies)

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The people of India woke up to a shocking Sunday when news broke out that billionaire stock investor Rakesh Jhunjhunwala died. Jhunjhunwala, who suffered from multiple health issues, including kidney ailments, had a cardiac arrest.

The people of India woke up to a shocking Sunday when news broke out that billionaire stock investor Rakesh Jhunjhunwala died. Jhunjhunwala, who suffered from multiple health issues, including kidney ailments, had a cardiac arrest. He breathed his last at Breach Candy Hospital in Mumbai city. He was 62. Just last week on August 7, he launched his low-cost carrier Akasa Air. He was seen on a wheelchair at the launch. He is arguably one of the most successful stock investors in Indian history as he has a knack for picking the correct stock at the right time. Hence, he is often called India’s Warren Buffet. His success story inspired millions of Indians who started to view the Indian stock market as another source of investment. How Jhunjhunwala became the Big Bull? Jhunjhunwala forayed into the stock market when he was in college. After attaining degree at the Institute of Chartered Accountant of India, he decided to become a full-time investor. In 1985, Jhunjhunwala started with Rs 5,000 ($60 approx.) as capital. By September 2018, that capital had inflated to Rs 110 billion. Jhunjhunwala said to have developed interest in the stock market after listening to his father, who was an income tax officer, discussing it with his friends. Quoting his father, Jhunjhunwala once said that he was told to read newspapers regularly as it was the news that made stock market fluctuate. While his father allowed him to dabble with the stock market, he refused to give him financial aid and prohibited him to ask friends for money. But Jhunjhunwala believed in taking risks. He borrowed money from his brother’s clients and promised to return the capital with higher returns compared with bank fixed deposits. His risk-taking appetite paid off as Jhunjhunwala earned his first big profit in 1986 when he bought 5,000 shares of Tata Tea at Rs 43 and the stock rose to Rs 143 within three months. He earned over three-times profit. In three years, he earned Rs 2 million to Rs 2.5 million. Over the years, Jhunjhunwala successfully invested in Titan, CRISIL, Sesa Goa, Praj Industries, Aurobindo Pharma and NCC. After the 2008 global recession, his stock prices fell by 30% but he eventually recovered from the loss by 2012. Rakesh Jhunjhunwala's personal life Jhunjhunwala was born in a Rajasthani family on July 5, 1960. His father was posted as an Income Tax Officer. He grew up in Mumbai. He was married to Rekha Jhunjunwala, who is also a stock market investor. Also read | Big Bull Rakesh Jhunjhunwala no more, with $5.8 billion net worth, was no. 36 in India's 100 rich list His forefathers hailed from Rajasthan’s Jhunjhunu — the reason behind his surname. He is survived by his wife and two children. Also read | Indian stock market mogul Rakesh Jhunjhunwala dies at 62 Jhunjhunwala's investments Jhunjhunwala runs a privately-owned stock trading firm called RARE Enterprises. He has invested in Titan, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupin, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences, etc. Rakesh Jhunjhunwala's net worth Jhunjhunwala is the 36th richest man in India, with a net worth of $5.8 billion, at the end of June quarter, according to Forbes. (With inputs from agencies) WATCH WION LIVE HERE

Who is Rakesh Jhunjhunwala, known as India’s Warren Buffet?

India's legendary stock market investor Rakesh Jhunjhunwala passed away in Mumbai on Sunday morning.

Jhunjhunwala suffered a cardiac arrest and had multiple health issues, including diabetes, hear and kidney problems. He was 62. He recently announced the launch of Akasa Air which was set to be India's newest budget carrier, along with ex-Jet Airways CEO Vinay Dube and former IndiGo head Aditya Ghosh.

Jhunjhunwala's rich portfolio&nbsp;

The Dalal Street legend had invested in various companies over the years including Titan, Star Health Insurance&nbsp;and Escorts among others. Reports say he had stakes in 47 companies. He was also the chairman of Hungama Media and Aptec.

<a href="https://www.wionews.com/india-news/akasa-air-why-is-everyone-waiting-for-rakesh-jhunjhunwalas-airlines-490530">Also Read |&nbsp;Akasa Air: Why is everyone waiting for Rakesh Jhunjhunwala’s airlines?</a>

Jhunjhunwala had reportedly invested in Tata Tea back in 1986 while buying 5,000 shares of the company. The shares of Tata tea rose 143 times after his investment and he earned 20-25 lakhs within months at the stock market. A big game player, Jhunjhunwala also knew how to take a hit at the stock market as shares in Titan and Star Health plunged and he lost over $153 million in just five sessions last month.

<a href="https://www.wionews.com/india-news/indian-stock-market-mogul-rakesh-jhunjhunwala-dies-at-62-506649">Also Read:&nbsp;Indian stock market mogul Rakesh Jhunjhunwala dies at 62</a>

Rakesh Jhunjhunwala's net worth:

According to Forbes, Jhunjhunwala's&nbsp;net worth, at the time of his death, was $5.8 billion. He was ranked 438 worldwide on&nbsp;Forbes rich list and was 36th in India's top 100 Forbes rich list. Jhunjhunwala's most valuable holding in his portfolio&nbsp;at the time of his death was in Titan, which is part of Tata.

Jhunjhunwala was one of the early investors in the Bombay Stock Exchange. He had reportedly invested $100 in1985 and then went on to rake in billions as the size of India's stock exchange grew many times. His stock market exploits&nbsp;had earned him the titles of "India's Warren Buffett" and the "Big Bull of Dalal Street".

His net worth stood at $3 billion in 2018 and then plunged to $1.9 billion in 2020 as the pandemic began. However, in the last two years his net worth skyrocketed touching $4.3 billion last year while reaching&nbsp;$5.8 billion in 2022.

In 2013, Jhunjhunwala's total net worth stood at $1.3 billion, according to Forbes.

(With inputs from Agencies)

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India's legendary stock market investor Rakesh Jhunjhunwala passed away in Mumbai on Sunday morning. Jhunjhunwala suffered a cardiac arrest and had multiple health issues, including diabetes, hear and kidney problems.

India's legendary stock market investor Rakesh Jhunjhunwala passed away in Mumbai on Sunday morning. Jhunjhunwala suffered a cardiac arrest and had multiple health issues, including diabetes, hear and kidney problems. He was 62. He recently announced the launch of Akasa Air which was set to be India's newest budget carrier, along with ex-Jet Airways CEO Vinay Dube and former IndiGo head Aditya Ghosh. Jhunjhunwala's rich portfolio The Dalal Street legend had invested in various companies over the years including Titan, Star Health Insurance and Escorts among others. Reports say he had stakes in 47 companies. He was also the chairman of Hungama Media and Aptec. Also Read | Akasa Air: Why is everyone waiting for Rakesh Jhunjhunwala’s airlines? Jhunjhunwala had reportedly invested in Tata Tea back in 1986 while buying 5,000 shares of the company. The shares of Tata tea rose 143 times after his investment and he earned 20-25 lakhs within months at the stock market. A big game player, Jhunjhunwala also knew how to take a hit at the stock market as shares in Titan and Star Health plunged and he lost over $153 million in just five sessions last month. Also Read: Indian stock market mogul Rakesh Jhunjhunwala dies at 62 Rakesh Jhunjhunwala's net worth: According to Forbes, Jhunjhunwala's net worth, at the time of his death, was $5.8 billion. He was ranked 438 worldwide on Forbes rich list and was 36th in India's top 100 Forbes rich list. Jhunjhunwala's most valuable holding in his portfolio at the time of his death was in Titan, which is part of Tata. Jhunjhunwala was one of the early investors in the Bombay Stock Exchange. He had reportedly invested $100 in1985 and then went on to rake in billions as the size of India's stock exchange grew many times. His stock market exploits had earned him the titles of "India's Warren Buffett" and the "Big Bull of Dalal Street". His net worth stood at $3 billion in 2018 and then plunged to $1.9 billion in 2020 as the pandemic began. However, in the last two years his net worth skyrocketed touching $4.3 billion last year while reaching $5.8 billion in 2022. In 2013, Jhunjhunwala's total net worth stood at $1.3 billion, according to Forbes. (With inputs from Agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Big Bull Rakesh Jhunjhunwala no more, with $5.8 billion net worth, was no. 36 in India's 100 rich list

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Who is Rakesh Jhunjhunwala, known as India’s Warren Buffet?

Big Bull Rakesh Jhunjhunwala no more, with $5.8 billion net worth, was no. 36 in India's 100 rich list