Rakesh Jhunjhunwala was popularly referred to as the โBig Bull of Indiaโ and the โKing of Bull Marketโ, 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 โBig Bull of Indiaโ and the โKing of Bull Marketโ, and was widely known for his stock market predictions and bullish outlooks.
Also Read: Indian Airlines Akasa Airโs First Flight Takes Off From Mumbai
The Big Bullโs estimated net worth was $5.5 Billion (as of July 2022), which made him Indiaโs 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.
โRakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world,โ Mr. Modi said.
โHe was also very passionate about Indiaโs progress. His passing away is saddening. My condolences to his family and admirers. Om Shantiโ, 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 Indiaโs progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti. pic.twitter.com/DR2uIiiUb7
โ Narendra Modi (@narendramodi) August 14, 2022
The Big Bullโs estimated net worth was $5.5 Billion (as of July 2022), which made him Indiaโs 36th richest man.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.