Rakesh Jhunjhunwala passed away in Mumbai this morning. He was not well from the past few days. As a result, he took his last breath on 14th August 2022. Hence, the billionaire investor passed away early on Sunday morning after suffering from a cardiac arrest.
Rakesh Jhunjhunwala was an Indian Billionaire. Moreover, he was a trader and investor Jhunjhunwala was the 36th richest man in India. He is popularly known as Warren Waffet of the Indian stock market.
Learn more: Who Is The Big Bull Of Share Market In India? The Indian Big Bull.
Rakesh Jhunjhunwala Death Reason?
This Morning on 14th August 2022. Rakesh suffered cardiac arrest. So, he was rushed to the Breach Candy Hospital at 6:45 am IST. Moreover, he was declared dead by the hospital authorities. From past few weeks, he was admitted to the same hospital. As Jhunjhunwala was suffering from kidney related issue. Furthermore, due to acute multiple organ failure on 14th August 2022, Rakesh Jhunjhunwala passed away at the age of 62.
Rakesh Jhunjhunwala Last Rites
Rakesh Jhunjhunwala’s last rites will be performed. Once his brother reaches India from Dubai. His mortal remains will be taken shortly to the Banganga crematorium in Malabar Hill.
Who is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala was an Indian Billionaire. Also, he was a trader and investor born on 5th July 1960. He was a chartered accountant by profession. Rakesh started his investment journey with just Rs 5000. He owns his own stock trading firm RARE Enterprise. The name is derived from the starting two letters of Rakesh and his wife Rekha. The net worth of Rakesh Jhunjhunwala is 5 Billion dollars.
Jhunjhunwala also backed Akasa Air which is co-founded by Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dubey. Also read: How to invest in the stock market.
Rakesh Jhunjhunwala Family
Mr. Rakesh Jhunjhunwala and his wife Mrs. Rekha Jhunjhunwala have 3 children. Nishtha, and twin sons Aryaman and Aryaveer. Also, Nishtha is the eldest of all the children.
Prime Minister Narendra Modi Tweets on Big Bull’s Death
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