The ‘Big Bull’ of Dalal Street met his demise at the age of 62. Rakesh Jhunjhunwala, a renowned stock market investor, had been ill for a few days. Today, he passed away in Mumbai’s Breach Candy Hospital, as reported by the hospital authorities. He was pronounced dead when he arrived at the hospital, according to the officials. He was also known as the founder of Akasa Air, the latest airline. Akasa Airlines began offering its services on Friday, August 12th. Know more about how Rakesh Jhunjhunwala died and how PM and his friends reacted to Rakesh Jhunjhunwala Death.
How Rakesh Jhunjhunwala Died?
At 6:45 a.m. is when the billionaire investor met his end. According to many sources, Mr Jhunjhunwala was admitted to the same hospital weeks prior. He was suffering from a kidney ailment. He died as a result of a heart arrest, as stated in a PTI report.
Condolences On Rakesh Jhunjhunwala Death
Upon his passing away, Indian Prime Minister Narendra Modi expressed his heartfelt sorrow. Taking to Twitter, the P. M. said that Rakesh Jhunjhunwala had unbreakable strength and made an immeasurable contribution to the financial world and was “full of life, witty, and smart.” The Prime Minister was saddened by the untimely departure and expressed his condolences.
Social media platforms were inundated with condolences as other citizens of the nation paid their tribute to him. When the ace investor was admitted to the hospital, his family, close friends, and other notable financiers like Ramesh Damani, and Vallabh Bhansali were present to bid the billionaire adieu.
The people who were acquainted with him gathered around to give Jhunjhunwala a final farewell. At a crematorium in Mumbai, at Banganga, the stock trader will be cremated.
About Rakesh Jhunjhunwala – Founder Of Akasa Airlines
On July 5, 1960, the man was born. His father was also a revenue official. When it comes to his estimated net worth, the financial investor stands at a whopping $5.8 billion, according to reports by Forbes. He also served as the chairman of both Aptech and Hungama Media.
Additionally, he serves as one of the members of the director’s board for endeavours like Viceroy Hotels, Provogue India, Concord Biotech, etc.
When it comes to his wealthy stature, he was the 48th richest Indian. The man was also known as the “Warren Buffet” of the Indian market. Rakesh Jhunjhunwala’s Death has taken the nation by a storm.
Also Read – Rakesh Jhunjhunwala Airlines – When Will Akasa Airline Start?
Rakesh Jhunjhunwala Death Post Akasa Airline launch
It is truly unfortunate that a week after Akasa Airline launch, the man behind the mastermind airlines is no more. Even at the launch, the man was spotted sitting in a wheelchair. When it comes to Akasa Air’s response to this unfortunate incident, the airline said the following, “Akasa Air will honour his [Rakesh Jhunjhunwala] legacy, values and belief in us by striving to run a great airline.”
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