MUMBAI (Archyde.com) – Billionaire investor Rakesh Junjunwala, dubbed ‘India’s Warren Buffett’, died on Thursday. He was 62 years old.
According to the US magazine Forbes, he has a net worth of about $6 billion (approximately ¥800 billion) and holds shares in dozens of Indian companies. He also left a number of impressive remarks such as “Trends are your friend” and “I have no rules”. A week ago, the low-cost airline he founded had just begun operations.
“All I know is trading and investing. became the life of
He was also a strong supporter of Prime Minister Modi. Modi mourned Junjunwala’s death on Tuesday, calling him “a man of fortitude, vitality, intelligence and great insight”.
Businessmen and bankers who have known Mr. Junjunwala for more than 30 years in Mumbai, the financial center of India, said that thanks to Mr. Junjunwala’s skillful communication skills, they have gained an understanding of the stock market among small investors. I’ve also heard that it’s deepened.
Junjunwala began investing in stocks in his teens, and while borrowing money, invested in stocks he judged to be undervalued, generating huge profits one after another. He once told Archyde.com that the expansion of the domestic stock market since the liberalization of India’s economy in 1991 had played a large part in his success.
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