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Rakesh Jhunjhunwala, nicknamed India's Warren Buffett, dies at 62

Rakesh Jhunjhunwala Warren Buffett India Narendra Modi Stock Market Rajasthan

A man takes a picture of a poster paying homage to veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala in Mumbai, India, on Sunday. Jhunjhunwala, died at the age of 62. (Rafiq Maqbool/AP)

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. He was 62.

Prime Minister Narendra Modi led the tributes for the business magnate, who had an estimated net worth of $5.8 billion, according to Forbes.

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