Home Business Cloud Billionaire Investor Rakesh Jhunjhuniwala Passed Away

Billionaire Investor Rakesh Jhunjhuniwala Passed Away

Billionaire Investor Rakesh Jhunjhuniwala Passed Away
Photo Courtesy: News Live

Billionaire investor Rakesh Jhunjhunwala died on August 14, 2022, at 62 in Mumbai. Mr. Jhunjhunwala was one of the Co-founders of Akasa Air, India’s newest budget airline. The veteran investor, often known as the ‘Warren Buffet of the Indian market, was reportedly unwell for some time. His net worth was around $5.8 billion. His most recent appearance was at the airline’s launching, where he was seen in a wheelchair. The article is about Billionaire Investor Rakesh Jhunjhuniwala Passed Away.

Prime Minister Narendra Modi paid tributes and said, “Mr. Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an infinite 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.” Moreover, condolences flooded social media as leaders across the nation remembered him. Finance Minister Nirmala Sitharman tweeted, “Investor, bold risk taker, masterly understanding of the stock market, clear in communication, a leader in his own right. Fondly remember several conversations we had. Had strong belief in India’s strength and capabilities. Condolences!”

Jhunjhunwala was said to have begun investing in stocks right when he was in college. The business magnate drew much praise for being a self-made trader and invested in several established businesses and startups. His wife and three children survive him. He was a University of Mumbai alumnus.

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