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. pic.twitter.com/DR2uIiiUb7
— Narendra Modi (@narendramodi) August 14, 2022
According to reports, he died around 6.45 am at Candy Breach Hospital in Mumbai. There are reports that he was suffering from kidney disease and several other health problems. He was discharged from the hospital a few weeks ago.
End of an Era as the Big Bull of the Dalal Street , #RakeshJhunjhunwala passes away.
Condolences to his family and loved ones. Om Shanti ???? pic.twitter.com/3OrVSzU2Ty— Virender Sehwag (@virendersehwag) August 14, 2022
Rakesh Jhunjhunwala is a leading businessman, trader and investor of the country. He has his own investor portfolio and a portfolio under his own asset management company, Rare Enterprises.
#BREAKING | Big bull Rakesh Jhunjhunwala dies at the age of 62 @vinivdvc shares more details.
Join the broadcast with @shilparathnam pic.twitter.com/Zk7qvywWOE
— News18 (@CNNnews18) August 14, 2022
Rakesh Jhunjhunwala was born in a Marwari family in Mumbai. His father was a Commissioner in the Income Tax Office, Bombay. After graduating from Saidnam College of Commerce and Economics, Mumbai, he joined the Institute of Accountants of India for further studies. He has a wife and three children.
Jhunjhunwala’s last public appearance was at the launch of low-cost airline Akasha Air. Jhunjhunwala, the main pillar, passed away soon after the start of Aakash Airlines operations.
He was absent from public events for a long time due to illness. He was in a wheelchair during his last days.
Jhunjhunwala is one of the most profitable Indian equity investors in the history of the Bombay Stock Exchange. He also has the epithet ‘Big Bull’. He is ranked 54th in the 2020 Forbes list of India’s richest people. Forbes has described Jhunjhunwala as an investor with a magical touch.
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