India’s Warren Buffett, Rakesh Jhunjhunwala, passed away on Sunday at 62 from cardiac arrest. Experts used to examine the Indian millionaire’s trades up close and extensively. However, his death has drawn attention to near equities worth $4 billion.
The self-made trader served on the boards of various Indian companies and invested in several startups and established companies. Jhunjhunwala had a devoted following among the nation’s expanding horde of individual investors. In Asia’s third-largest economy, Jhunjhunwala was one of the most crucial market voices.
The individual who went by the nickname “Big Bull” was a staunch supporter of the Indian growth narrative.
According to the sources, the seasoned trader and his wife Rekha Jhunjhunwala’s most lucrative investment was jewellery retailer Titan Co. It accounted for more than a third of their portfolio.
By market value, their other prominent holdings include Tata Motors Ltd., Metro Brands Ltd., and Star Health & Allied Insurance Co. More than 10% of Jhunjhunwala’s holdings were in Star Health, the IT company Aptech Ltd., and the videogame developer Nazara Technologies Ltd.
Even Indian Prime Minister Narendra Modi acknowledged the Big Bull’s influence on the investment world. Modi mentioned in a blog post that the indomitable investor, Rakesh Jhunjhunwala, made a lasting contribution to the financial world.
