Ace stock market investor Rakesh Jhunjhunwala led a delegation to meet Union Finance Minister Nirmala Sitharaman on Wednesday in New Delhi. The Finance Ministry also shared a photo of the meeting on social media platforms.
Jhunjhunwala had also met Prime Minister Narendra Modi on Tuesday. He was accompanied by his wife Rekha Jhunjhunwala.
“Delighted to meet the one and only Rakesh Jhunjhunwala…lively, insightful and very bullish on India,” posted PM Modi on Twitter after meeting Jhunjhunwala.
Jhunjhunwala is often referred to as the Warren Buffett of India or the Big Bull and whose every stock move and investment strategy on Dalal Street are closely tracked by investors, had met Prime Minister Narendra Modi. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. During his early life, Rakesh grew up in an Agarwal Family in Bombay, where his father worked as Commissioner of Income Tax, Bombay.
He has an estimated net worth of $5.7 billion (as of October 2021). He is the 48th richest man in the country, according to Forbes’ Rich List. He is the chairman of Hungama Media and Aptech and sits on the board of directors of firms such as – Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services.
Jhunjhunwala has recently announced that he is planning to have 70 aircraft within four years for a new airline he wants to set up in India. The ultra-low cost airline will be called Akasa Air and the team, which includes a former senior executive of Delta Air Lines Inc., is looking at planes that can carry 180 passengers, he said.
