Rakesh Jhunjhunwala was popularly referred to as the “Big Bull of India” and the “King of Bull Market”, and was widely known for his stock market predictions and bullish outlooks.
Stock market ace and co-founder of Akasa Air, Rakesh Jhunjhunwala, has passed away in Mumbai at age 62, according to media reports.
Rakesh Jhunjhunwala was popularly referred to as the “Big Bull of India” and the “King of Bull Market”, and was widely known for his stock market predictions and bullish outlooks.
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The Big Bull’s estimated net worth was $5.5 Billion (as of July 2022), which made him India’s 36th richest man.
Other than being an active investor, Jhunjhunwala was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited, and Tops Security Limited.
Prime Minister Narendra Modi, expressed his condolences to the family of the ace investor and founder of Akasa Air, on Sunday.
“Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world,” Mr. Modi said.
“He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti”, the PM added.
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
The Big Bull’s estimated net worth was $5.5 Billion (as of July 2022), which made him India’s 36th richest man.
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