Rakesh Jhunjhunwala Net Worth At Death

Rakesh Jhunjhunwala Indian billionaire investor, trader, and businessman Rakesh Jhunjhunwala. As a partner in his asset management company, Rare Enterprises, he oversaw his own portfolio.

Rakesh Jhunjhunwala Net Worth At Death

Rakesh Jhunjhunwala was a very rich man. He was the 36th richest man in India, with an estimated net worth of $5.5 billion as of July 2022. In 2022, he established Akasa Air, an Indian low-cost airline.

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Photo Credit: PinkVilla

Jhunjhunwala developed an interest in stock markets after hearing his father and his friends talking about them. Rakesh used his funds to start investing while still a student. From 5,000 rupees in 1985 to 11,000 crores in 2018, his investment has increased. He was hailed as the “Big Bull of India” and the “King of Bull Market” for his accurate stock market forecasts and upbeat outlooks.

Rakesh Jhunjhunwala. (Photo by Munshi Ahmed/Bloomberg via Getty Images)

Jhunjhunwala purchased 6 of the 12 units of Ridgeway apartments in Malabar Hill from Standard Chartered bank in 2013 for Rs 176 crore. Later that year, he paid Rs 195 crore to HSBC bank for the remaining six apartments in the building. After demolishing the old structure, he began construction on his new 70,000-square-foot 13-story home in 2021.

 

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