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BREAKING: Rakesh Jhunjhunwala Passes Away

Akasa Air

Rakesh Jhunjhunwala was popularly referred to as the โ€œBig Bull of Indiaโ€ and the โ€œKing 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 โ€œBig Bull of Indiaโ€ and the โ€œKing of Bull Marketโ€, and was widely known for his stock market predictions and bullish outlooks.

Also Read: Indian Airlines Akasa Airโ€™s First Flight Takes Off From Mumbai

The Big Bullโ€™s estimated net worth was $5.5 Billion (as of July 2022), which made him Indiaโ€™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.

โ€œRakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world,โ€ Mr. Modi said.

โ€œHe was also very passionate about Indiaโ€™s progress. His passing away is saddening. My condolences to his family and admirers. Om Shantiโ€, the PM added.

The Big Bullโ€™s estimated net worth was $5.5 Billion (as of July 2022), which made him Indiaโ€™s  36th richest man.

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