Indian Billionaire-Investor Rakesh Jhunjhunwala Dies at 62

Billionaire investor Rakesh Jhunjhunwala, locally known as India’s Warren Buffett 

due to his penchant for equity investing, has died. He was 62. 

The veteran stock market investor was a self-made trader, 

and invested in several established businesses and startups, 

including the country’s newest airline Akasa Air. Known for his selection of stocks for long-term investing, 

Jhunjhunwala was among the most influential market voices in India.

India has added about 58 million new retail investors, more than the population of South Korea, 

Prime Minister Narendra Modi confirmed Jhunjhunwala’s death in a post on Twitter. 

He said the investor was “indomitable” and left behind “an indelible contribution to the financial world.”