Who Will Hold The $4 Billion Stocks Of Rakesh Jhunjhunwala After His Death?

Rakesh Jhunjhunwala held stocks to the tune of $4 billion at the time of his death. His death has brought all his investments into focus. The self-made trader whose trades were closely scrutinized breathed his last at Breach Candy H ospital in Mumbai. PM Modi acknowledged the impact Rakesh Jhunjhunwala had on the investing community.

HIGHLIGHTS

• Rakesh Jhunjhunwala’s $4 billion investment is in focus after his death
• His portfolio includes jewelry, footwear, automobile, and online gaming
• PM Modi also acknowledged his impact on the industry

What Were The Stocks Of Rakesh Jhunjhunwala?

Stocks Of Rakesh Jhunjhunwala

The man known as India’s Warren Buffett invested in a wide range of established businesses with his wife. Their investment includes jewelry retailer Titan Co. which was their largest and most profitable investment making up for more than a third of their portfolio.

Also, they held stakes of more than 10% in Star Health, IT firm Aptech Ltd., and videogame maker Nazara Technologies Ltd. Their other top holdings by market include footwear maker Metro Brands Ltd. and automaker Tata Motors Ltd.

In addition to these investments, Rakesh Jhunjhunwala was also on the boards of several Indian firms. Considering his influence on Asia’s third biggest economy, he was called the Big Bull.

What Did PM Modi Say On The Death Of Rakesh Jhunjhunwala?

Prime Minister Narendra Modi acknowledged the impact Rakesh Jhunjhunwala made on the investment sector by calling him an indomitable investor. The “indomitable” investor made “an indelible contribution to the financial world,” PM Modi wrote in a tweet on Sunday. Rakesh Jhunjhunwala was an ardent supporter of the India growth story.

Source:- https://bit.ly/3Pwulmp

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