Rakesh Jhunjhunwala, who is called the Big Bull of Indian stock, has passed away. He was born on 5 July 1960 in Mumbai. Born in a normal family, veteran investor Rakesh Jhunjhunwala was also known as Big Bull in the business world. Recently, he promised the cheapest air travel by starting the Akasa airline.
Family of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala, known as the Warren Buffett of India, has left behind a huge business empire. He is survived by his wife Rekha Jhunjhunwala, daughter Nishtha Jhunjhunwala, son Aryaman Jhunjhunwala, and daughter Aryavir Jhunjhunwala.
Rakesh Jhunjhunwala, who built an empire of just Rs 5,000 to Rs 40,000 crore, died in Mumbai on Sunday at the age of 62. According to the reports, due to health issues, he was admitted to Breach Candy Hospital. The news of his death caused a wave of mourning in the entire business world.
What is the total net worth of Rakesh Jhunjhunwala?
The total net worth of Rakesh Jhunjhunwala is about 40 thousand crores. Let us tell you here that the biggest stake in Akasa Air belongs to his wife Rekha Jhunjhunwala. The total share of both is 45.97 percent. He along with his wife Rekha Jhunjhunwala has invested more than Rs 30,000 crore in 30 company shares.
Big Bull’s big investment in these companies used to run a company named Jhunjhunwala Rare Enterprises. He has made huge investments in many companies through his firm. These include companies like Titan, Tata Motors, Crisil, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, Lupine, VIP Industries, Geojit Financial Services, Rallis India, and Jubilant Life Sciences.
PM Narendra Modi’s tweet on Rakesh Jhunjhunwala
According to the Billionaire list of Forbes, at present Rakesh Jhunjhunwala was the 440th richest person in the world in the list of billionaires. Condoling his death, PM Narendra Modi wrote in a tweet, ‘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 India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti.’
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 India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti. pic.twitter.com/DR2uIiiUb7
— Narendra Modi (@narendramodi) August 14, 2022
