Indian billionaire business magnate Rakesh Jhunjhunwala passed away in Mumbai at the age of 62. He was the 48th richest man in the country.
Born on 5th July, 1960, Billionaire business magnate, stock trader, and the investor Rakesh Jhunjhunwala took his last breath on Sunday morning. Sources said he was brought dead to the Breach Candy Hospital in Mumbai at 6.45 am.
He was always bullish about India’s stock market and whatever stocks he purchased mostly turned into a multibagger.
Rakesh Jhunjhunwala was the son of an income tax officer and he is survived by his wife and three children.
Recently he ventured into the aviation industry with Akasa Air which took flight on 7th August. Apart from being an investor, Rakesh was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. He was also among the directors of the several Indian firms. He was also an advisor to the India’s International Movement to the United Nations.
After hearing the sudden demise of Rakesh Jhunjhunwala , India Prime Minister Narendra Modi tweeted, “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.”