Rakesh Jhunjhunwala Death Cause Revealed – How did he die?

Rakesh Jhunjhunwala passes away at 62 (5 July 1960 – 14 August 2022)

Massive Bull of Dalal avenue, Investor Rakesh Jhunjhunwala Dies At 62, Had Kidney issues

Veteran investor Rakesh Jhunjhunwala was handed away on Sunday morning. The investor with a Midas touch had been dubbed “India’s Warren Buffet.”

Rakesh Jhunjhunwala, also known as the big bull of the stock market passed away at a hospital on Sunday in Mumbai city. The reason was death was sudden cardiac arrest. The country is mourning the death of one of the most successful names in the financial market. Often known by name of “Warren Buffet of India” he had a net worth of around $5.8 billion as per Forbes magazine.

Rakesh Jhunjhunwala News
Rakesh Jhunjhunwala News

Consistent with assets, the investor became added to the sweet Breach medical institution at 6:45 AM inside the morning and become declared lifeless. He became suffering from a couple of fitness troubles including kidney illnesses and had been discharged from the medical institution some weeks ago, they said.

Each a dealer and a chartered accountant, and one of the richest men in India, he changed into last seen in public at Akasa Air’s release.

Rakesh Jhunjhunwala News on Aaj Tak

Jhunjhunwala Life Journey

Rakesh Jhunjhunwala started his journey in the financial market with just Rs. 5,000 and made thousands of crores of money. He desired to work till the last day of his life and he did that. When he was asked about his retirement plans after turning 60 he said “I am going to work until the last day of my life. I pray to God that whenever you are going to take me, let me get up in the morning, do my yoga, have a lovely breakfast, come to the office, do some trading, do some investing, and in the evening, go have two good drinks and then you can take me,”

Jhunjhunwala Advice on Stock Market

Jhunjhunwala was a passionate stock market investor and trader. He said that do not enter the market thinking it to be a racecourse. He advised people to enter the market only after earning sufficient money to invest. He always urged people to not invest borrowed money in the markets. He felt that if you are getting 18% returns on your portfolio, you are the king. You are an emperor if you are getting 21% returns. He said to not enter the market with unimaginable returns. The market is a great teacher. When it rises everyone jumps in and when it falls everyone exits. So he advises investors to act with maturity.

Famous Quotes by Jhunjhunwala

Rakesh Jhunjhunwala was famous among investors for his quotes. Some of the inspiring quotes from his investment journey are as follows;

“Nobody can predict the weather, death, market, and women. The market is like a woman, always commanding, mysterious, uncertain, and volatile. You can never really dominate a woman and likewise, you cannot dominate the market.”

“Prepare for losses. Losses are part and parcel of stock market investor life”

“Buy when others sell and sell when others buy – the stock market mantra.”

“Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible.”

“Stock markets are always right. Never time the market.”

The untimely death of Mr. Jhunjhunwala has left everyone in shock. It also lays emphasis that along with trading and investing in the stock market one should equally focus on health. The famous saying “health is wealth” applies to whatever you are doing in life. Let’s take this moment to remember and learn from the great Jhunjhunwala. He was an inspiration to the entire generation and many people invested in the stock market after seeing his journey. Applying his stock market mantras in our stock market journey will be an ideal tribute to his great legacy.

Jhunjhunwala turned into also chairman of Hungama Media and Aptech, as well as a director of Viceroy inns, harmony Biotech, Provogue India, and Geojit financial services.

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~ Rakesh Jhunjhunwala (5 July 1960 – 14 August 2022)

~ Miss You Always~

Author

Prashant Raut is a successful professional stock market trader. He is an expert in understanding and analyzing technical charts. With his 8 years of experience and expertise, he delivers webinars on stock market concepts. He also bags the ‘Golden Book of World Record’ for having the highest number of people attending his webinar on share trading.