Thread by @anbezhil12

#RakeshJhunjhunwala It is rare to find a Nationalist, a Philanthropist and a very successful businessman all rolled into one. Mr.Jhunjhunwala was one such rare person, who passed away on the eve of our Independence Day at the age of 62. He was often referred to as India’s own

Warren Buffet. He was a Chartered accountant. He was an investor and a trader in the Stock Market. According to Forbes' Rich List, Jhunjhunwala is the 36th richest man in the country. In 1985 he invested Rs 5,000 as capital. By September 2018, that capital was at Rs 11,000 crore.

He was born on July 5, 1960. He grew up in Mumbai, where his father was posted as an Income Tax Officer. After graduating from Sydenham College in 1985, he enrolled at the Institute of Chartered Accountant to become a CA. He married Rekha Jhunjunwala, also a stock market investor

He developed interest in the stock market after listening to his father discuss it with his friends. Quoting his father, he said his father told him to read newspapers regularly as it was the news that made stock market fluctuate. While his father allowed him to dabble with the

stock market, he refused to give him financial aid and forbade him to ask friends for money. But Jhunjhunwala was a risk-taker. He borrowed money from his brother’s clients and promised to return the capital with higher returns compared with bank fixed deposits. He earned his

first big profit in 1986 when he bought 5,000 shares of Tata Tea at Rs 43 and the stock rose to Rs 143 within three months. He earned over three-times profit. In three years he earned 20-25 lakh. The rest is history. Raamdeo Agrawal, Chairman & Co-Founder, Motilal Oswal Financial

Services says, he was an ‘economic philosopher’, liked making predictions. He was a terrific bargain picker and he always tried to help his friends, be it with money or guidance, says Agrawal. We have only heard of people like Harshad Mehta, here is an Indian whom we should be

proud of. He runs a privately-owned stock trading firm called RARE Enterprises. His philanthropic portfolio included nutrition and education. By the year 2020, he had given away 25 per cent of his wealth to charity. He contributed to St Jude, which runs shelters for cancer-

affected children, Agastya International Foundation and Arpan, an entity that helps create awareness among children on sexual exploitation. He also supported Ashoka University, Friends of Tribals Society and Olympic Gold Quest. He was in the process of building an eye hospital in

Navi Mumbai, which will perform 15,000 eye surgeries free of cost. His last bet was Akasa Air, in which he held a 40% stake. This Airline was the ultimate bargain, as he made the most of the discounts offered by the aircraft manufacturer. He made his last public appearance at the

inaugural flight of Akasa, on August 7th. His faith in the India story and bullish commentary on the economy and markets was visible till the very end.
Such was his infectious optimism for India that Jhunjhunwala told a business news channel six days before his death, that

regardless of global developments, Indian markets will grow, but at a slower pace. According to him, India was entering a golden age.
What an awe inspiring life his has been.
On the flip side Rakesh Jhunjhunwala’s life is a lesson that good health is the ultimate wealth.
A few

years ago for new year once RJ was asked what his wish was. He said, Doctors had advised him movement and to give priority to his health. He admitted he was lazy, and somehow avoiding it plus he loved his drinks in the evening.
Finally smoking and drinking proved to be a fatal

combination. Physical activity is a must. Walking in the Sun daily is a must. 62 is definitely no age to die.
He had invested in Star Health, the company in which layman invest for their own medical needs. But that investment did not save him.
Because of his bad habits his blood

sugars went haywire, developed ESRD (End Stage Renal Disease),
survived on HD (haemodialysis) till his ultimate demise. He left behind a large booty for his family and even more precious message for every single one of us, ‘Money has crores of good ways but only one bad way, you

can not carry it with you.’ Let us learn from such people to follow in their footsteps for their good contribution and avoid the mistakes they committed.
Sarvam Sri Krishnarpanam🙏🏾