He suffered a cardiac arrest in the early hours of August 14. Stockbroker and investor Rakesh Jhunjhunwala passed away after suffering a cardiac arrest during the early hours of August 14 in Mumbai. Jhunjhunwala was a respected trader who was popularly called India’s Warren Buffett and the man with the Midas touch. A self-made man, Jhunjhunwala’s steadfast belief in stock markets led him to become among India’s most wealthy individuals. Financial professionals who knew him say Jhunjhunwala was not just an astute businessman, but was generous with advice and had a larger-than-life personality that made him accessible and friendly in an otherwise cut-throat environment.

Source: Forbes August 14, 2022 10:06 UTC