Rakesh Jhunjhunwala was an Indian businessman, investor, and stock trader who amassed a fortune in the billions dollar range. He was in charge of his personal portfolio in addition to being a partner in Rare Enterprises, which was a corporation that handled assets.

Rakesh Jhunjhunwala

Rakesh Jhunjhunwala: Rakesh Jhunjhunwala, a millionaire investor, died at the age of 62 in Mumbai?

Rakesh Jhunjhunwala, a businessman, stock trader, and investor who was worth many billions of dollars, passed away early on Sunday morning at the age of 62. At 6:45 in the morning, his body was reportedly sent to the Mumbai Breach Candy Hospital after he had already passed away.

Jhunjhunwala was discharged from the hospital sometime between two and three weeks ago.

Rakesh Jhunjhunwala is a relatively new entrant into the aviation industry, having launched Akasa Air on August 7 of this year. In addition to his role as an investor, Jhunjhunwala held the position of chairman of both Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. He held directorships in a number of different Indian companies over his career. He worked with the International Movement to Unite Nations of India as a consultant for many years.

The Prime Minister of India, Narendra Modi, has sent his condolences on the passing of Jhunjhunwala. “Rakesh Jhunjhunwala was indomitable. He leaves behind an indelible contribution to the world of finance and is full of life, humor, and intelligence. His legacy will live on. He was also quite enthusiastic about the development of India. His passing away is saddening. My deepest sympathies go out to his loved ones and fans. Om Shanti,” he said in a tweet.

Piyush Goyal, Minister of Commerce and Industry, also sent his sympathies after hearing the news. According to Goyal, who had a strong relationship with Rakesh Jhunjhunwala, “This is really terrible news. I last spoke to Rakesh thirty years ago, when his father still maintained positive contacts with our family. Rakesh Jhunjhunwala is a patriotic man who has always had a strong desire to see the nation’s economy flourish under his leadership. He was adamant about doing all and everything in his power to bring independence to India.

Rakesh Jhunjhunwala: His Age, Family and Early Life?

Rakesh Jhunjhunwala had reached the age of 62 at the time. His birthday is July 5th, and he was born in 1960.

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Jhunjhunwala was born in Bombay to parents originally from Rajasthan, and his father worked there as an income tax commissioner. Jhunjhunwala spent his childhood there.

Rakesh Jhunjhunwala: School and College, Where did he attend?

After he had finished his education at Sydenham College, he submitted an application to become a member of the Institute of Chartered Accountants of India.

Rakesh Jhunjhunwala: Net Worth? How much money does he make?

With an estimated total wealth of $5.5 billion, he ranked as India’s 36th wealthiest individual at the time (as of July 2022).

Rakesh Jhunjhunwala: What does he do for living? His Career?

Jhunjhunwala’s interest in the financial markets was sparked when he overheard his father and several of his friends discussing the industry. Although he was given advice on the stock market, his father did not give him any money to invest and forbade him from seeking friends and acquaintances for financial assistance. Rakesh started investing in the stock market when he was still a student in college since he had money accessible. The initial investment of 5,000 rupees that he made in 1985 has grown to a current value of 11,000 crores.

In addition to being an active investor, Jhunjhunwala served as a director for a number of companies, including Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited, and Tops Security Limited.

He earned the titles “Big Bull of India” and “King of Bull Market” due to the widespread recognition he received for his optimistic stock market predictions and outlooks.

In the year 1986, Rakesh Jhunjhunwala earned his first major profit, which amounted to 5 lakh. Between 1986 and 1989, he earned a profit of around 20,000–25,000 rupees.

His greatest investment up until that point had been in the Titan Company, which as of 2021 was estimated to be worth $7,294.8 crore. He participated as a member of the Board of Advisors for the International Movement to Unite Nations (I.I.M.U.N.).

Akasa Air is a new airline that was started in India by Rakesh Jhunjhunwala and Vinay Dubey. Dubey had previously served as CEO of Jet Airways. As of the 9th of August in 2022, the airline will begin service to three locations. At the moment, it has two aircraft and has orders for a total of seventy more aircraft.

Rakesh Jhunjhunwala: His relationship status? His Spouse? Children?

On February 22, 1987, Rakesh Jhunjhunwala married Rekha Jhunjhunwala. Three kids were born to the couple.

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Rakesh Jhunjhunwala: Is he available on any social media platform?

Rakesh Jhunjhunwala was on Instagram as @rakeshjhunjhunwala_ with 146k+ followers.

Rakesh Jhunjhunwala: His physical appearance.

Hair ColorGrey
Eye ColorBlack
Sexual OrientationStraight

Rakesh Jhunjhunwala: His general information.

Relationship StatusMarried
SpouseRekha Jhunjhunwala

Net Worth$5.5 billion

By Bradford

Bradford is an entertainment afficionado, interested in all the latest goings on in the celebrity and tech world. He has been writing for years about celebrity net worth and more!