Ace inventory market investor Rakesh Jhunjhunwala died this morning at a Mumbai hospital. He was once additionally the co-founder of Akasa Air, India’s most recent airline which started out commercial operations final week.
Rakesh Jhunjhunwala used to be rushed to the Breach Candy Hospital in Mumbai at around 6.45 am after he suffered a cardiac arrest. He used to be declared lifeless on arrival via the medical institution authorities. He was 62.
Jhunjhunwala was discharged from the identical health facility a few weeks ago after being dealt with for kidney-related issues. He will be cremated this night at Banganga crematorium in Mumbai.
The veteran trader-cum-investor, recognized as the Big Bull of Dalal Street, was once declared to have a net worth of around $5.8 billion. He was the 36th richest billionaire in India as per Forbes 2021 list.
He recently teamed up with former Jet Airways CEO Vinay Dubey and former IndiGo chief Aditya Ghosh to launch Aksa Air – which took to the skies in the final week. He was considered wheelchair bound at the launch of Akasa Air.
Prime Minister Narendra Modi mourned his death and said the legendary investor “left an immeasurable contribution to the financial world.” Union Civil Aviation Minister Jyotiraditya Scindia said he will be remembered for giving India its new airline Akasha Air more than a decade later.
