Rakesh Jhunjhunwala’s Big Bull, Warren Buffett

Ace investor Rakesh Jhunjhunwala might have the Midas touch when it comes to stocks, but like every investor he started small. In the years since he started investing, Jhunjhunwala earned the monikers of Big Bull and India's Warren Buffett.

Jhunjhunwala's interest in stock markets began when he heard his father talk about the markets with his friends. His father asked him to read the newspapers regularly to understand why the markets moved the way they did.

Even so, his father forbaded him from asking for money from his friends and refrained from giving him financial aid. Jhunjhunwala borrowed money from his father's clients and promised to return the capital with higher returns. In 2018 that capital went to 11,000 crore.

He first tasted his big profit in 1986 after he bought 5,000 shares of Tata Tea at Rs 43, which turned into 143 in three months.

After graduating from Sydenham College in 1985, Jhunjhunwala enrolled at the Institute of Chartered Accountant of India.

Over the years he would invest in stocks like Titan, Fortis Healthcare, NCC, Lupin, VIP Industries, Aurobindo Pharma, etc. He was also the chairman of Hungama Media, Aptech, and was a director of firms such as Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services.

By the time he passed away, Rakesh Jhunjhunwala is believed to have accumulated a fortune of $5 billion.

The veteran investor passed away on Sunday morning at the age of 62. Jhunjhunwala died at 6.45 am in Mumbai and was brought to Breach Candy Hospital, according to reports.