Veteran Indian investor Rakesh Jhunjhunwala dies at 62
NEW DELHI (AP) — Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported. He was 62. Prime Minister Narendra Modi led the tributes for the business magnate, who had an estimated net worth of $5.8 billion, according to Forbes. Also called the “Big Bull” of the country’s Bombay Stock Exchange, Jhunjhunwala was known for taking risks in the market and in his investments. His cause of death has not yet been released, although he was said to be suffering from various health issues, local media reported.
