Ace investor Rakesh Jhunjhunwala leaves behind a formidable legacy and a fortune price over $5 billion. He had investments in over 30 firms.
The “Big Bull” of Dalal road, who died on August 14 after battling coronary heart and kidney illnesses, also had a connection to Indian cinema.
Rakesh Jhunjhunwala produced the 2012 movie English Vinglish, which marked veteran actor Sridevi’s return to the massive display screen after 15 years. The movie was made with a funds of Rs 20 crore and picked up a worldwide gross of Rs 84 crores. Co-producers on the undertaking have been Sunil Lulla, R Balki, and RK Damani.
He was also a producer for 2 different movies – the Amitabh Bachchan and Dhanush starrer Shamitabh (2015) and Ki & Ka (2016), starring Kareena Kapoor Khan and Arjun Kapoor, which collected Rs 22.46 crore and Rs 70 crore on the Box workplace.
He was also an enormous fan of Waheeda Rehman and Amitabh Bachchan.
Famously referred to as India’s Warren Buffet, Jhunjhunwala was also portrayed within the 2020 hit collection Scam 1992, based mostly on Harshad Mehta’s inventory market trials and tribulations. After Mehta’s downfall, he claimed the title of the ‘Big Bull of Dalal Street.’
Jhunjhunwala’s dying has led to an outpouring of grief amongst his many admirers — from politicians to enterprise leaders and sports activities stars.
On August 21, Mahindra Group Chairman Anand Mahindra shared a Twitter submit mentioning Ace investor Rakesh Jhunjhunwala’s as ‘most dear and worthwhile funding recommendation ever’ and acknowledged that this recommendation is price billions and solely requires investing one’s time, not cash.
Mahindra’s Twitter submit, which features a cropped snippet of Jhunjhunwala’s outdated interview, reads: “This post is being widely shared. At the last stage of his life, Rakesh gave the most valuable and profitable investment advice ever. It’s advice that is worth billions; the best part is that it requires investing your time, not your money. #SundayThoughts”
Prime Minister Narendra Modi remembered him as indomitable and lively.
“Witty and insightful, he leaves behind an indelible contribution to the financial world,” Modi tweeted.
The 62-year-outdated enterprise magnate is survived by his spouse, Rekha Jhunjhunwala, two sons, and a daughter.
His presence might be missed each within the markets as nicely as within the leisure business.
