Rakesh Jhunjhunwala
Investor Rakesh Jhunjhunwala passes away at 62
Mumbai/IBNS: Indian business magnet Rakesh Jhunjhunwala died at a Mumbai hospital on Sunday morning. He was 62.
Jhunjhunwala was rushed to the Breach Candy Hospital at around 6.45 am where he was declared dead on arrival, media reports said.
The veteran trader-cum-investor, also known as the Big Bull of Dalal Street, was reported to have a net worth of around $5.5 billion, according to Forbes.
He was a promoter of India's newest airline Akasa Air which started operations last week.
Condoling his death, 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."
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
Commerce Minister Piyush Goyal said Jhunjhunwala was "an inspiration for wealth creation for crores."
"Deeply anguished at the demise of veteran investor Rakesh Jhunjhunwala. He was an inspiration for wealth creation for crores. My heartfelt condolences to his family, friends and admirers. Om Shanti," he said in a tweet.
Deeply anguished at the demise of veteran investor Rakesh Jhunjhunwala. He was an inspiration for wealth creation for crores.
— Piyush Goyal (@PiyushGoyal) August 14, 2022
My heartfelt condolences to his family, friends and admirers. Om Shanti.
Jhunjhunwala is survived by his wife and three children.
Some of the reactions by eminent personalities to Jhunjhunwala's death are following:
Shocked by the sudden demise of seasoned Investor, Shri Rakesh Jhunjhunwala. He will be remembered for his contributions in business and industry. He was at the forefront of creating a culture of investing in Indian stock markets. Condolences to his family and many admirers.
— Rajnath Singh (@rajnathsingh) August 14, 2022
Shocked and saddened to learn about the passing away of Shri Rakesh Jhunjhunwala Ji.
— Pralhad Joshi (@JoshiPralhad) August 14, 2022
He had always dreamt of a bright future for India. My condolences to his family, friends, and admirers. Om Shanti. pic.twitter.com/6uiAatVZ3q
Deeply saddened by the sudden demise of prominent investor & industrialist Rakesh Jhunjhunwala ji. He has left a legacy in the arena of stock broking & will remain an inspiration for generations of young investors & entrepreneurs.
— Himanta Biswa Sarma (@himantabiswa) August 14, 2022
My condolences to the bereaved family.
Om Shanti! pic.twitter.com/f7rwSk4rfN
End of an Era as the Big Bull of the Dalal Street , #RakeshJhunjhunwala passes away.
— Virender Sehwag (@virendersehwag) August 14, 2022
Condolences to his family and loved ones. Om Shanti 🙏 pic.twitter.com/3OrVSzU2Ty
I am saddened by the terrible news of the passing away of veteran investor, business magnate and stock trader Shri Rakesh Jhunjhunwala this morning. May the departed soul rest in eternal peace and may Prabhu Ram give strength to his family members and loved ones.
— Jagat Prakash Nadda (@JPNadda) August 14, 2022
Om Shanti
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
