The big bull of the stock market, Rakesh Jhunjhunwala, passed away at the age of 62.
He was brought to Breach Candy Hospital in Mumbai. Jhunjhunwala was discharged from the hospital 2-3 weeks ago. Breach Candy Hospital has confirmed the death of veteran businessman Jhunjhunwala. Today at 6.45 am, the hospital confirmed the death of Rakesh Jhunjhunwala. After making money from the stock market, Big Bull also entered the airline sector. He had made a massive investment in the new airline company Akasa Air, and on 7 August, the company started operations.
Jhunjhunwala, who has invested in the stock market, has assets worth thousands of crores today. It is funny that the journey of a person with so much wealth started with only 5 thousand rupees. He was born on 5 July 1960 in Mumbai. Born in an average family, Recently, he promised the cheapest air travel by starting the Akasa airline Rakesh Jhunjhunwala, known as the Warren Buffet of India, which has left behind a vast business empire.
He is survived by his wife Rekha Jhunjhunwala, daughter Nishtha Jhunjhunwala, son Aryaman Jhunjhulwala, and son Aryavir Jhunjhunwala. The total net worth of Rakesh Jhunjhunwala is around 40 thousand crores. Let us tell here that the most significant stake in his Akasa Air belongs to his wife, Rekha Jhunjhunwala. The total share of both is 45.97 percent. He and his wife, Rekha Jhunjhunwala, have invested more than Rs 30,000 crore in 32 company shares. Rakesh Jhunjhunwala, who built an empire of just Rs 5,000 to Rs 40,000 crore, died in Mumbai on Sunday at 62. The news of his death caused a wave of mourning in the business world.
Jhunjhunwala used to run a company named Rare Enterprises. He has made huge investments in many companies through his firm. These include companies like Titan, Tata Motors, Crisil, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupine, VIP Industries, Geojit Financial Services, Rallis India, and Jubilant Life Sciences. According to the Forbes Billionaires list, Rakesh Jhunjhunwala is currently the 440th richest person on the list of billionaires. Condoling his death, PM Modi wrote in a tweet, 'Rakesh has left behind an indelible contribution to the financial world, full of life, witty and insightful Jhunjhunwala was very passionate about India's progress. His passing is sad. My condolences to his family and fans. om Shanti.'