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Who is Warren Buffett, by whose name Rakesh Jhunjhunawala was famous in India

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Who is Warren Buffett, by whose name Rakesh Jhunjhunawala was famous in India

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Rakesh Jhunjhunwala Death: Rakesh Jhunjhunwala, who was called Big Bull in the stock market, is no more. He died at Breach Candy Hospital in Mumbai. He was called the Alexander of the stock market. Rakesh Jhunjhunwala, who traveled from 5 thousand rupees to 5.8 billion dollars, was about 62 years old. According to Forbes, Jhunjhunwala’s net worth was $5.8 billion. According to the 2021 list of Forbes, he was the 36th richest person in India. Many times he was compared to Warren Buffett.

Rakesh Jhunjhunwala created a huge empire of about Rs 46 thousand crores through investment in the stock market. Rakesh Jhunjhunwala had a different kind of penetration in the business world. He did not hesitate to take risks. Due to his different penetration in the stock market, he was known as the Warren Buffett and Big Bull of India.

Who is Warren Buffett?

Warren Buffett is the CEO of American company Barkshire Hathaway. He is known as a veteran investor in the stock market. He is at number 7 in the list of the richest people in the world. According to the Forbes Real Time Billionaires Index, Warren Buffett currently has a net worth of $99.8. After buying additional shares of Occidental Petroleum Corp, Hathway Inc. has more than 20 percent stake in this oil company. During the first half of this year, Berkshire posted operating profit of more than $16 billion.

Warren Buffett will donate property

World’s famous billionaire investor Warren Buffett has turned 92. In 2010, Warren Buffett promised to give 99 percent of his wealth to charity. In such a situation, out of his $ 90 stake in Berkshire, about $ 56 billion will be given to the Gates Foundation. Buffett believes that the children of the weaker sections will benefit greatly from this money. This will help a lot in the economic and social balance in the world.

Rakesh Jhunjhwala’s Journey

Rakesh Jhunjhunwala, a Chartered Accountant (CA), instead of auditing the accounts of companies, took the path of Dalal Path. He started it in 1985 with a capital of Rs 5,000. His portfolio includes Star Health, Titan, Rallis India, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies and Tata Motors. He had investments in more than three dozen companies. He had major stakes in companies like Titan, Star Health, Tata Motors and Metro Brands.

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