India’s most famous trader pledges US$1 billion to charitable causes

3 August 2011 | 1 minute read

Philanthropy is on the rise amongst India’s growing breed of billionaires and the latest to pledge a substantial part of his personal fortune is the legendary Indian trader Rakesh Jhunjhunwala. Coming from humble beginnings, 51-year old Jhunjhunwala made his mark first as a risk-loving trader and more recently as a value investor. Although Jhunjhunwala’s business interests are privately held and…

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