Rakesh Jhunjhunwala was called Warren Buffett from IndiaTributes are pouring in for Indian billionaire Rakesh Jhunjhunwala, who has passed away at the age of 62. Jhunjhunwala, who made a fortune from the stock market, died on Sunday at a hospital in the city of Mumbai. Often referred to as India’s Warren Buffett, Jhunjhunwala had an estimated net worth of about $5.8 billion, according to Forbes magazine. Prime Minister Narendra Modi led the tribute to Jhunjhunwala, who was steadfastly optimistic in the Indian stock markets. Jhunjhunwala started investing in the stock market in 1985 when he was 25 years old — he started with $100 borrowed from a relative, reports say.

Source: Forbes August 14, 2022 07:35 UTC