‘Indian Buffett’ Kim Junwala dies at 62

Indian stock investment celebrity Kim Junwala, known as the “Buffett of India”, passed away this morning at the age of 62. Indian Prime Minister Narendra Modi also tweeted his condolences.

BANGALORE, INDIA  SEPTEMBER 13, 2011: Rakesh Jhunjhunwala, CEO of Rare Enterprises, during the wealth management debate in Bangalore. (Photo by Hemant Mishra/Mint via Getty Images)

Kim Junwala, an Indian stock investor known as “Buffett of India”, passed away this morning at the age of 62. (File photo/Getty Images)

Rakesh Jhunjhunwala is a professional accountant from Rajasthan, a desert province in India. He invested in the stock market when he was in college and then managed the stock trading company RARE Enterprises. Jin Junwala is estimated to be worth US$6 billion (approximately NT$179.7 billion).

Jin Junwala’s family told Reuters: “When he passed away, his family and cronies accompanied him.” children.

Jin Junwala has only recently attended the public appearance of its low-cost airline Akasa Air.

The Mumbai-based banker and business tycoon who has dealt with Jinjunwala for more than 30 years said that Jinjunwala helps small investors understand the stock market with his excellent communication skills. His insights into the economy and business made him a TV personality.

Leading politicians and business leaders also mourned the passing of Kim Junwala on social media.

Indian Prime Minister Narendra Modi tweeted his condolences: “Kim Junwala was indomitable, full of energy, wit and insight, leaving an indelible contribution to the financial world. His passing is sad. My condolences to his family and Admirers express their condolences.”

Uday Kotak, chief executive of Kotak Mahindra Bank and a friend of Jinjunwala’s school days, said that Jinjunwala had thought India’s stocks were undervalued. of”.

Kotak lamented in a tweet: “Your knowledge of financial markets is exceptional. We chat a lot, especially during COVID. I will miss you.”

Responsible editor: Yu Weining

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