Rakesh Radheyshyam Jhunjhunwala[3] (5 July 1960 – 14 August 2022) was an Indian billionaire investor, stock trader, and Chartered Accountant.
Jhunjhunwala was often referred to as the "Big Bull of India", and was widely known for his stock market predictions and bullish outlooks.
[5][6] In October 2024, his wife Rekha Jhunjhunwala was ranked 28th on the Forbes list of India’s 100 richest tycoons, with a net worth of $9.3 billion.
[7] Jhunjhunwala was born on 5 July 1960 in a Marwari Agarwal family[8][9][10] His surname indicates that his ancestors belonged to Jhunjhunu in Rajasthan.
[19] In 2013, Jhunjhunwala bought 6 of the 12 units of Ridgeway apartments at Malabar Hill from Standard Chartered Bank for ₹ 176 crore.
His final appearance was at the inaugural event of Akasa Air and he later flew on the airline's first flight between Mumbai and Ahmedabad on 7 August.
He believed that the expanding middle class would significantly boost domestic consumption, which guided many of his early investment decisions.
[27] SEBI had alleged that Jhunjhunwala and others traded in Aptech when in possession of unpublished price sensitive information (UPSI).
[28] Jhunjhunwala, whose net worth stood at US$5.8 billion as at the time of his death, had plans to donate a quarter of his wealth to charity.
His philanthropic portfolio included health care as well as education-related initiatives, supporting organizations such St Jude, Agastya International Foundation, Ashoka University, Friends of Tribals Society and Olympic Gold Quest.
[31] On 14 August 2022, Jhunjhunwala fell ill and was rushed to Breach Candy Hospital in Mumbai,[32] and died at approximately 6:30 a.m. Doctors later reported that he suffered from kidney-related problems and acute multiple organ failure.