Mumbai: The Prime Minister, Shri Narendra Modi has expressed deep grief over the passing away of noted stock investor Rakesh Jhunjhunwala. Earlier this morning India’s Big Bull, a veteran investor who ruled the Indian stock market for decades is no more.
In a tweet, the Prime Minister said; “Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti.”
Veteran stock market investor Rakesh Jhunjhunwala passed away in Mumbai this morning. He was 62. Known as India’s Warren Buffett, Jhunjhunwala’s wealth was pegged at 5.8 billion dollars. Jhunjhunwala started his journey in stock markets while still in college with a capital of just 5,000 rupees.
India’s newest budget carrier – was one of the business ventures of Rakesh Jhunjhunwala. The airline began commercial operations this month with a maiden flight from Mumbai to Ahmedabad.
Today, Rakesh Jhunjhunwala breathed his last at Breach Candy Hospital in Mumbai, he was 62. Rakesh Jhunjhunwala was born on July 5, 1960. India’s 36th richest Indian, with a net worth crossing $4 billion. A chartered accountant by profession from the desert state of Rajasthan, Jhunjhunwala started dabbling in stocks while in college and went on to manage a stock trading firm, RARE Enterprises
Rakesh Jhunjhunwala had a sudden cardiac arrest which was the cause of his death. He was also suffering from chronic kidney disease, was on chronic dialysis & was responding well. He was diabetic and had recently undergone an angioplasty Dr Pratit Samdani, Breach Candy Hospital.