The billionaire investor Rakesh Jhunjhunwala, who was often referred to as India’s Big Bull, has breathed his last at the age of 62. The tycoon, who was also a chartered accountant (CA), was the inspiration of many Indian investors. Jhunjhunwala was taken to Mumbai’s Breach Candy Hospital after complications rose, but his kidney problems and multiple organ failure led to his death. He is survived by his wife and three children.

Jhunjhunwala married his wife Rekha in 1987, and together they founded the investment company, RaRe Enterprises, in 1992. The two had some troubles in their personal life when it took six IVF attempts for them to become parents for the first time. It was in 2004 that their first child, daughter Nishtha Jhunjhunwala, was born. In 2009, the couple were blessed with twin sons, Aryaman and Aryaveer Jhunjhunwala.

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The Jhunjhunwalas hail from the town of Jhunjhuna in Rajasthan. Jhunjhunwala was inspired into the world of investments by his father, Radheshyamji Jhunjhunwala, who was an Income Tax department employee. Urmila Jhunjhunwala, his mother, was a homemaker. Besides Rakesh, Radheshyamji’s other children include son Rajesh Jhunjhunwala, who is also a CA, and daughters Sudha Gupta and Neena Sanganeria.

Rakesh Jhunjhunwala believed that certain integral changes to the structure of India’s economy would lead to corporate profits registering around five to six percent of India’s GDP in fiscal year 2022. He was a proponent of the idea that bull investments should be made for the long term, comparing the same to how a cricket test match pans out.

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Jhunjhunwala and his family were set to move into their under-construction dream home in Mumbai’s Malabar Hill. The house is a 14-storey building with all luxuries one can imagine. The investor had bought 14 apartment buildings from Standard Chartered Bank and HSBC Bank for Rs. 176 crore and Rs. 195 crore, respectively.