New Delhi: Veteran investor and stock market legend Rakesh Jhunjhunwala passed away on Sunday morning at the age of 62. Jhunjhunwala was an inspiration to all experienced and emerging market investors.
Bollywood was his second love and was evident in the series of films produced by Ace Investor. He was a huge fan of actors like Waheeda Rehman, Amitabh Bachchan and Aamir Khan. He started Hungama Digital Media in 1999, which later became Hungama Digital Media Entertainment. It recently launched Hungama Music and Hungama Play on OTT.
Three movies produced by Jhunjhunwala
He co-produced many films like English Vinglish, of and ofAnd Shamitabha, His English Vinglish In 2012 the film brought the late actress Sridevi of the Golden Age back to the silver screen. The film was a huge hit and garnered much praise from film critics for touching on a genuine and original subject in Indian society. The film premiered at the Toronto International Film Festival, where it received a standing ovation.
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After that, he did the Bachchan-starrer. built up Shamitabha In 2015, which also starred Akshara Haasan and Dhanush. The film got a mild response. He also produced the film starring Arjun Kapoor and Kareena Kapoor of and ofReleased in April 2016, it received mixed reviews.
Rakesh Jhunjhunwala started his trading career in 1985 with Rs 5000 in his pocket. He amassed a huge net worth of over $5.8 billion as of August 2022 through stock trading and made substantial investments in several Indian firms. He invested in equities both privately and with his firm Rare Enterprise. Jhunjhunwala-backed Akasa airline took its maiden flight last Sunday, exactly a week ago.