The investor whose ascent mirrored India’s

Rakesh Jhunjhunwala died on August 14th, aged 62


  • by Mumbai
  • 08 18, 2022
  • in Finance & economics

die all the time without making a stir. Occasionally, though, the death creates ripples because their approach to life mattered as much as their returns. So it was for Rakesh Jhunjhunwala, an investor and bull of a man, who inspired generations of Indian investors. On August 16th, in an unprecedented move, the Bombay Stock Exchange transformed its old trading floor into a prayer hall for Mr Jhunjhunwala, who died two days earlier, aged 62.For hours, thousands of mourners shuffled through the once raucous room. Music played softly while a large screen mixed praise from India’s political and business grandees with the snippets of advice Mr Jhunjhunwala used to dispense on , to crowds at his favourite bar and to the legions who sought him out: “Always aspire, never envy”; “Growth comes with chaos, not order.”

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