Rakesh Jhunjhunwala, a stock market investor who passed away at 62, had a strong connection with the entertainment industry. In 1999 he launched Hungama Digital Media as an online promotion agency that later came to be known as Hungama Digital Media Entertainment and launched its gaming portal in 2007. Since then, the Mumbai-based company has grown to become an aggregation, publisher and distributor of Asian entertainment.
It has digital content rights tied-ups for over 5,000 Bollywood, Hollywood, regional Indian films and television series. Jhunjhunwala turned into a producer with the 2012 Hindi film English Vinglish, which marked the comeback of the late veteran actress Sridevi. The film was made with a budget of Rs 20 crore and managed to collect a worldwide gross of Rs 84 crore, according to Sacnilk. Rakesh Jhunjhunwala went on to produce two more films, Shamitabh' and Ki Ka', which collected Rs 22.46 crore and 70 crore at the Box office.
He was also a huge fan of Waheeda Rehman and Amitabh Bachchan.
Known as India's Warren Buffet, Jhunjhunwala was also portrayed in the hit series Scam 1992, based on Harshad Mehta's stock market trials and tribulations. After Mehta's downfall he had claimed the title of the Big Bull of Dalal Street.
He will be missed in the entertainment industry as well as in the markets.