Rakesh Jhunjhunwala, a renowned stock market investor, passed away this morning in a Mumbai hospital. He recently joined forces with former IndiGo CEO Aditya Ghosh and ex-Jet Airways CEO Vinay Dube to start Akasa Air, which took to the skies last week. He was also a co-founder of Akasa Air, the newest airline in India, which started conducting scheduled flights last week on August 7th, 2022.
According to Forbes, the seasoned trader-turned-investor known as the Big Bull of Dalal Street and sometimes referred to as India’s Warren Buffett has an estimated net worth of $5.8 billion as of August 2022.
Rakesh Jhunjhunwala experienced a heart arrest early on Sunday and was taken to the Breach Candy Hospital in Mumbai at around 6.45 am. The hospital staff proclaimed him dead when he arrived. He was 62. He had a number of health problems and was treated for kidney problems at the same hospital before being released a few weeks ago.
He runs a, privately held stock trading company called Rare Enterprises. Rakesh Jhunjhuwala invested in stocks in a variety of businesses, including Tata Tea, Titan, Star Health, Tata Motors, Indian Hotels Company, Agro Tech Foods, Nazara Technologies, LUPIN, CRISIL, PRAJ IND, Aurobindo Pharma, NCC, Metro Brands, and others. He served as the chairman of both Aptech and Hungama Media.
Businessmen, leaders, and also Prime Minister Narendra Modi have all expressed sorrow over Jhunjhunwala’s departure. The period of India’s top investor had come to an end, and he left behind numerous examples of his achievements for future generations to emulate.