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Big Bull Rakesh Jhunjhunwala passes away at 62

14 Aug , 2022   By : Kanchan Joshi


Big Bull Rakesh Jhunjhunwala passes away at 62

Veteran stock market investor Rakesh Jhunjhunwala passed away in Mumbai this morning. He was 62.  Akasa Air - India's newest budget carrier - was one of the business ventures of Rakesh Jhunjhunwala. The airline began commercial operations this month with a maiden flight from the financial capital of Mumbai to the city of Ahmedabad. Jhunjhunwala had teamed up with ex-Jet Airways CEO Dube and former IndiGo head Aditya Ghosh to set up Akasa.


Known as "India's Warren Buffett", Jhunjhunwala wealth was pegged at $5.8 billion, according to Forbes. Son of an income tax official officer, Jhunjhunwala started his journey in stock markets while still in college with a capital of just ?5,000.


His privately owned stock trading firm Rare Enterprises derived its name from the first two initials of his name and his wife Rekha. 


2 Comment


Ratul Sikdar2022-08-14

So much information good to know

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Raj Misrhra892022-08-14

Sad.

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