‘Tribute to the legendary big bull of India’: Amul remembers Rakesh Jhunjhunwala

“Apne bal se bulland bana,” the topical said in Hindi, which roughly translated comes to mean he was self-made with a wordplay on the bull.

Users paid their tributes to Rakesh Jhunjhunwala in the comments section. A user commented, “Ultimate salute to a self-achiever.” Another user commented, “Tribute to the “The Big Bull.”

According to Forbes, the chartered accountant had an estimated net worth of $5.8 billion and the risk taker was also included on the Forbes 2022 list of billionaires. In the mid-eighties, Rakesh Jhunjhunwala started his stock market investments with merely Rs 5,000. Later, it grew to $5.8 billion, Forbes magazine reported.

Jhunjhunwala managed his portfolio through his asset management firm RARE Enterprises. He was the director of three firms — RARE Equity Private ltd, RARE Family Foundation, and HOPE Film Makers.

Akasa Air, a low-cost airline backed by him, recently commenced operations in India with its first flight taking off from Mumbai to Ahmedabad.

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