Rakesh Jhunjhunwala, a billionaire investor, passed away at 62 due to multiple health issues.

Veteran investor Rakesh Jhunjhunwala passed away on Sunday morning. The investor was well known for his successful investments and had been nicknamed “India’s Warren Buffet.”

Rakesh Jhunjhunwala is one of the richest men in India. He made his fortune by working as both a trader and a chartered accountant. Biotech, Provogue India, and Geojit Financial Services.

In addition to his business ventures, Jhunjhunwala is also the chairman of Hungama Media and Aptech. He also serves on the board of directors for Viceroy Hotels, Concord

When Jhunjhunwala was in college, he took an interest in the stock market. He enrolled at the Institute of Chartered Accountants of India.

Jhunjhunwala invested Rs 5,000 in capital in 1985 and by September 2018, his investment had grown to Rs 11,000 crore.

Jhunjhunwala's father sparked his interest in the stock market after discussing it with his friends. 

Jhunjhunwala quoted his father as saying that news was what caused the stock market to fluctuate, and that he should read newspapers regularly. 

His father permitted him to dabble in the stock market, but refused to provide financial assistance and forbade him from asking friends for money.

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