Big Bull of Dalal Street, Rakesh Jhunjhunwala Dies At 62
According to sources, Rakhesh Jhunjhunwala was brought to the Candy Breach Hospital at 6:45 AM in the morning and was declared dead
He was suffering from multiple health issues including kidney ailments and had been discharged from the hospital a few weeks ago.
Born in a middle-class family on July 5, 1960, Rakesh Jhunjhunwala first entered the stock market with just Rs 5,000 in 1985. He was in college at that time.
A self-made trader, investor and businessman, India's own Warren Buffett was the son of an income tax officer and is survived by his wife and three children.
Rakesh Jhunjhunwala recently ventured into the aviation industry with Akasa Air which took flight on August 7
Jhunjhunwala was also chairman of Hungama Media and Aptech, as well as a director of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services.
As of August, 2022, his net worth was $5.8 billion. He invested via his firm Rare Enterprises.