Rakesh Jhunjhunwala responded, "Istri karaye thi 600 deke fir bhi," when questioned about his wrinkled shirt when he met the prime minister.

  • Aug. 18, 2022, 11:25 a.m.

Rakesh Jhunjhunwala, the self-made billionaire investor who was known for his unwavering bullish stance in the midst of market ups and downs as well as the verve and witticisms that characterised his public utterances, died on August 14. Often referred to as "India's Warren Buffett" and the "Big Bull" of Indian markets, Jhunjhunwala's net worth was $5.8 billion, according to Forbes.

Despite being enormously wealthy, Jhunjhunwala lived a simple life. A photograph of him went viral on social media as Jhunjhunwala wore a loose-fitting, crumpled white shirt.

The picture was noticed after PM Modi tweeted the picture of the meeting. "Delighted to meet the one and only Rakesh Jhunjhunwala... lively, insightful and very bullish on India," he wrote.

Later, when he attended the India Today Conclave, he was asked about his crumpled white shirt. Responding to the question, he said, "The white shirt will get crumpled. What can I do?" I had got my shirt ironed by paying 600. Even after that, it got crumpled. I even go to the office wearing shorts. When there is no customer or client, I look at things very differently. "

He had also spoken about how his wife, Rekha Jhunjhunwala, doesn't care if she is a billionaire. "Rekha Jhunjhunwala doesn’t bother if she is a billionaire or worth 200 million or 400 million. "I look at it in the way that even if I have 10-15 percent of the wealth that we have today, I’m going to drink the same whiskey, drive the same car, eat the same food, have the same holiday," he said. "We are middle-class people. If I am staying at the Taj Mansingh hotel, their fixed breakfast is much cheaper. So I asked them (hotel)—where is your fixed breakfast?," he added.

After his death, PM Modi condoled on his social media handle. In a tweet, he wrote, "Rakesh Jhunjhunwala was indomitable." Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti."

Meanwhile, Jhunjhunwala had started his journey in the stock markets while he was still in college with a capital of just 5,000. He recently teamed up with ex-Jet Airways CEO Vinay Dube and former IndiGo head Aditya Ghosh to launch Akasa Air—India's newest budget carrier. The airline began commercial operations this month with a maiden flight from Mumbai to Ahmedabad.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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