When Rakesh Jhunjhunwala spoke of death, plans to donate wealth to charity
2 years, 4 months ago

When Rakesh Jhunjhunwala spoke of death, plans to donate wealth to charity

Live Mint  

Whose net worth is nearly ₹48,000 crore, had plans to give away a large portion of his wealth to charity - starting from 2025. In a 2021 interview, the Warren Buffett of India mentioned donating it to his charitable organisation, RARE Family Foundation. Jhunjhunwala promised to give ₹5,000 crore to his charity, RARE Family Foundation, between April and December 2025. Jhunjhunwala said the foundation would have a team with a chairman and the Jhunjhunwala family as the principal donor.

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History of this topic

Warren Buffett donates $1.1 billion, reveals wealth distribution plan after death
Trending News
1 month, 2 weeks ago

Warren Buffett donates $1.1 billion, reveals wealth distribution plan after death

India Today  

Warren Buffett, the billionaire investor and philanthropist who leads Berkshire Hathaway, has donated another $1.1 billion to several foundations. In his latest letter to Berkshire Hathaway shareholders, the 94-year-old provided a deeply personal reflection on life’s unpredictability and shared detailed plans for the distribution of his wealth after his passing. BUFFETT’S LATEST DONATIONS Buffett announced the conversion of 1,600 Class …

Warren Buffett donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune
1 month, 2 weeks ago

Warren Buffett donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune

Live Mint  

Billionaire investor Warren Buffett has donated over $1.1 billion worth of Berkshire Hathway stocks to four of his family's charities and foundations on November 25, according to an AP report. Succession Plan for Children The report noted that while Buffett has earlier said his three children would inherit his $147.4 billion fortune over a period of 10 years after his …

India’s top donor is not Mukesh Ambani or Gautam Adani. See Hurun Philanthropy List 2024
2 months ago

India’s top donor is not Mukesh Ambani or Gautam Adani. See Hurun Philanthropy List 2024

Hindustan Times  

Neither Mukesh Ambani nor Gautam Adani, who are among the richest in India and Asia, were the top philanthropists in India, according to the EdelGive-Hurun India Philanthropy List 2024. HCL Technologies founder Shiv Nadar and family stayed on top on this year’s list as well after donating ₹ 2,153 crore. HCL Technologies founder Shiv Nadar and family stayed on top …

Warren Buffett’s son says it’s ‘not so easy’ to give away father’s $143bn fortune to charity
3 months, 2 weeks ago

Warren Buffett’s son says it’s ‘not so easy’ to give away father’s $143bn fortune to charity

The Independent  

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Why Jamsetji Tata Earned The Moniker Of The Biggest Philanthropist In The World
1 year ago

Why Jamsetji Tata Earned The Moniker Of The Biggest Philanthropist In The World

News 18  

In what came as a proud moment for India, the notable industrialist Jamsetji Tata was conferred with the title of the biggest philanthropist globally of the last century. Jamsetji Tata had donated $102 billion, following which he emerged as the biggest philanthropist, as per a list of top 50 givers prepared by Hurun Report and EdelGive Foundation. The first-ever list …

Warren Buffett donates ₹7,250 crore to charities as Thanksgiving
1 year, 1 month ago

Warren Buffett donates ₹7,250 crore to charities as Thanksgiving

Hindustan Times  

Warren Buffet on Tuesday announced that he had gifted around $876 million worth of Berkshire Hathaway shares to charitable foundations run by his children ahead of Thanksgiving. Additionally, 0.9 million shares are evenly distributed among three charities overseen by his children - The Sherwood Foundation, The Howard G. Buffett Foundation, and NoVo Foundation. “My children, along with their father, have …

Warren Buffett donates $758 million in Berkshire shares
2 years, 1 month ago

Warren Buffett donates $758 million in Berkshire shares

Hindustan Times  

Warren Buffett donated Berkshire Hathaway Inc. stock valued at more than $758 million to charities, including one named after his late wife. Buffett donated 1.5 million Class B shares to the Susan Thompson Buffett Foundation and 300,000 shares each to the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation on Wednesday, according to a filing. Buffett, 92, …

Rs 5,000 to Rs 40,000 crore: Tips From Journey of 'India's Warren Buffett' Rakesh Jhunjhunwala
2 years, 4 months ago

Rs 5,000 to Rs 40,000 crore: Tips From Journey of 'India's Warren Buffett' Rakesh Jhunjhunwala

News 18  

Called the ‘Big Bull of Indian stock markets’, investor-billionaire Rakesh Jhunjhunwala, 62, died on Sunday, barely a week after Akasa, the newest budget air carrier in the market he had backed, took to the skies for the first time. Jhunjhunwala was India’s 36th richest individual and was often revered by investors for his sharp and insightful market observations. Don’t time …

Veteran Indian investor Rakesh Jhunjhunwala dies at 62
2 years, 4 months ago

Veteran Indian investor Rakesh Jhunjhunwala dies at 62

Associated Press  

NEW DELHI — Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported. Also called the “Big Bull” of the country’s Bombay Stock Exchange, Jhunjhunwala was known for taking risks in the market and in his investments. “Investor, bold risk-taker, masterly understanding of the …

Veteran Indian investor Rakesh Jhunjhunwala dies at 62
2 years, 4 months ago

Veteran Indian investor Rakesh Jhunjhunwala dies at 62

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Veteran stock market investor and …

Rakesh Jhunjhunwala death | PM Modi leads the way in paying homage to ‘India’s Warren Buffet’
2 years, 4 months ago

Rakesh Jhunjhunwala death | PM Modi leads the way in paying homage to ‘India’s Warren Buffet’

The Hindu  

Tributes started to pour in moments after the news of the sudden death of ace stock investor and newly-launched Akasa Air founder Rakesh Jhunjhunwala surfaced on August 14, 2022 morning. Known as “India’s Warren Buffet” for his ability to pick up low-priced quality stocks much before they become high performers, Mr. Jhunjhunwala was a cult figure in the Indian capital …

India Inc pays tributes to Rakesh Jhunjhunwala: Who said what
2 years, 4 months ago

India Inc pays tributes to Rakesh Jhunjhunwala: Who said what

Live Mint  

Stock investor Rakesh Jhunjhunwala, dubbed "India's Warren Buffett" with an estimated net worth of $6 billion, died early on Sunday at age 62. Here is how India Inc in paying tributes to veteran stock market investor Rakesh Jhunjhunwala, who passed away early this morning: "Extremely saddened by the untimely passing away of the most legendary investor that India has had. …

Rakesh Jhunjhunwala Demise: Tributes Pour In From PM Modi, Sitharaman, Adani, Others
2 years, 4 months ago

Rakesh Jhunjhunwala Demise: Tributes Pour In From PM Modi, Sitharaman, Adani, Others

News 18  

Following the sad demise of Rakesh Jhunjhunwala, tributes have started coming in for the ace investor from Prime Minister Narendra Modi to Finance Minister Nirmala Sitharaman to billionaire Gautam Adani, among others. My deepest condolences to his family & loved ones.” Finance Minister Nirmala Sitharaman in a tweet said, “Shri Rakesh Jhunjhunwala is no more. Anguished to learn about the …

'Role model for investors': Karnataka CM's rich tribute to Rakesh Jhunjhunwala
2 years, 4 months ago

'Role model for investors': Karnataka CM's rich tribute to Rakesh Jhunjhunwala

Hindustan Times  

Veteran investor and billionaire Rakesh Jhunjhunwala died on Sunday morning at 62, prompting an outburst of condolences across the country. "Shocked & saddened by the untimely demise of ace stock trader & investor Rakesh Jhunjhunwala this morning. “Saddened to learn about the passing away of veteran investor Shri Rakesh Jhunjhunwala Ji. Earlier, Prime Minister Narendra Modi had expressed grief on …

5 quotes by 'India's Warren Buffet' Rakesh Jhunjhunwala to inspire investors
2 years, 4 months ago

5 quotes by 'India's Warren Buffet' Rakesh Jhunjhunwala to inspire investors

Hindustan Times  

Rakesh Jhunjhunwala, the Big Bull of Dalal Street, who became one of India's biggest stock market investors to date, died at 62 in Mumbai after a spell of illness. Often known as India's Warren Buffet, Jhunjhunwala had a net worth of around $5.5 billion, according to Forbes. An ace investor, Rakesh Jhunjhunwala started investing at an early age and has …

Billionaire investor Rakesh Jhunjhunwala passes away at the age of 62
2 years, 4 months ago

Billionaire investor Rakesh Jhunjhunwala passes away at the age of 62

Firstpost  

Billionaire investor Rakesh Jhunjhunwala passed away on Sunday, according to sources. Prime Minister Narendra Modi expressed his condolence on Twitter, stating that Jhunjhunwala leaves behind an indelible contribution to the financial world. Jhunjhunwala was also chairman of Hungama Media and Aptech, as well as a director of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services. A lot of …

Big Bull Rakesh Jhunjhunwala passes away at 62
2 years, 4 months ago

Big Bull Rakesh Jhunjhunwala passes away at 62

Live Mint  

Veteran stock market investor Rakesh Jhunjhunwala passed away in Mumbai this morning. "Rakesh Jhunjhunwala was indomitable," Prime Minister Narendra Modi wrote on Twitter. He ran a privately-owned stock trading firm called RARE Enterprises, which derived its name from the first two initials of his name and his wife Rekha. He earned his first big profit in 1986 when he bought …

Rakesh Jhunjhunwala, India's 'Warren Buffett', dies at 62 | 10 Facts
2 years, 4 months ago

Rakesh Jhunjhunwala, India's 'Warren Buffett', dies at 62 | 10 Facts

India TV News  

Rakesh Jhunjhunwala passes away: Ace stock market investor Rakesh Jhunjhunwala often referred to as India's Warren Buffett, died Sunday morning. Jhunjhunwala started off his journey in stock markets while still in college with a capital of just Rs 5,000, he recently teamed up with ex-Jet Airways CEO Vinay Dube and former IndiGo head Aditya Ghosh to launch Akasa Air -- …

Warren Buffett gives over $ 4 billion to charity as part of his annual pledge
2 years, 6 months ago

Warren Buffett gives over $ 4 billion to charity as part of his annual pledge

Hindustan Times  

Warren Buffett gave Berkshire Hathaway Inc. shares valued at about $4 billion to charities including the Bill & Melinda Gates Foundation, part of the annual plan he started more than a decade ago. The more than 14 million Berkshire Class B shares were donated to a total of five philanthropies, including ones run by his children, according to a statement …

EXPLAINED: How Jamsetji Tata Pipped Gates, Buffett To Top Of Charity List And Why Philanthropy Holds So Many Surprises
3 years, 6 months ago

EXPLAINED: How Jamsetji Tata Pipped Gates, Buffett To Top Of Charity List And Why Philanthropy Holds So Many Surprises

News 18  

With $100 billion you could buy about 240 Boeing 747s, which would easily give you the world’s largest fleet of the aircraft. Or like Jamsetji Tata, the founder of the Tatas’ business empire, you could give that money away in philanthropy to become known to posterity as the most generous giver in the world. While Jamsetji Tata passed away in …

Jamsetji Tata world’s top philanthropist in 100 years, two Indians in top 50. Here's the list
3 years, 6 months ago

Jamsetji Tata world’s top philanthropist in 100 years, two Indians in top 50. Here's the list

Hindustan Times  

Indian pioneer industrialist Jamsetji Tata has been named the world’s top philanthropist of the last 100 years, as per a report prepared by Hurun Research and EdelGive Foundation. Jamsetji Tata, who is regarded as the “Father of Indian Industry”, donated $102.4 billion, emerging as the top philanthropist of the century, ahead of Bill Gates and Melinda French Gates. Jamsetji Tata, …

Warren Buffett donates $3.6 billion of stock to five foundations
5 years, 6 months ago

Warren Buffett donates $3.6 billion of stock to five foundations

Live Mint  

New York: Warren Buffett agreed to donate $3.6 billion worth of Berkshire Hathaway Inc. stock to five charities, including the Bill & Melinda Gates Foundation, in his latest disposal since making a pledge to give the shares away. Buffett has spent more than five decades crafting Berkshire Hathaway into a company with a market value of more than half a …

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