Veteran Indian stock market investor Rakesh Jhunjhunwala died in Mumbai today (August 14). He was 62 years old.
The founder of the country’s new airline, Akasa Air, was often also known as Indias Warren Buffett and the Great Bull of Dalal Street. He was reportedly ill for some time and was discharged from Mumbais Breach Candy Hospital only a few weeks ago. He was treated there for kidney problems, NDTV reported.
This morning, his health deteriorated and he was taken back to the same hospital. However, he was pronounced dead there by doctors. Hospital officials told CNBC TV-18 that the billionaire had suffered a cardiac arrest.
Political leaders like Prime Minister Narendra Modi and prominent businessmen like Gautam Adani and Uday Kotak expressed their grief at Jhunjhunwalas’ death.
Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he left behind an indelible contribution to the financial world. He was also very passionate about the progress of India. His passing is saddening. My condolences to his family and fans. Om Shanthi. pic.twitter.com/DR2uIiiUb7
Rakesh Jhunjhunwala: my school and college classmate. One year my junior. India’s stocks were believed to be undervalued. He is right. Incredibly sharp in understanding financial markets. We spoke to each other regularly, more so during Covid. I will miss you Rakesh!
During a meeting with Modi in New Delhi in October 2021, Jhunjhunwala had suggested that by 2030 the country’s per capita income could exceed $6,000 a year (it is around $1,150 today). India ka time aa gaya (India’s time has come), he reportedly told the prime minister.
Who is Rakesh Jhunjhunwala?
The son of a tax officer, Jhunjhunwala started his legendary investment run with just $100 in 1985 on the Bombay Stock Exchange, now BSE. The Sensex benchmark index was then at 150; it is now trading at over 59,000.
In August 2022, his net worth was estimated at $5.8 billion. In 2021, he was ranked 36th in the Forbes list of the richest Indians.
Jhunjhunwala has also served as Chairman of Aptech and Hungama Digital Media Entertainment and served on the boards of Prime Focus, Geojit Financial Services, Bilcare Limited, among other companies.
He last appeared in public in a wheelchair at the launch of Akasa Air on August 7 in Mumbai. His foray into Indian aviation came at a time deep crisis in industry.
When asked why he took the risk, the investor reportedly replied, “Better to have tried and failed than not to have tried at all.
Jhunjhunwala is survived by his wife and three children.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]
- UK weather: ‘severe’ 55 mph gale for the strongest wind so far this fall | UK News
- Vijay Varma talks about his struggles in Bollywood and says “I faced many financial lows…”
- Water-filled condoms bring ‘mermaid vibes’ to Paris Fashion Week
- MGH Researcher Bioengineers Perform First-of-its-kind Burn Treatment
- It’s finally easy to find Android TV and Wear OS apps in the Google Play Store
- How Worse Will Flu Season Get? Experts Predict Cold/Flu/COVID Season
- Whose Worry Darling ignores drama, opening with $19.2 million – Daily Ardmoreite
- Indonesian President Joko Widodo provides working capital aid to street vendors in South Buton
- Accessibility Boost for Lords Cricket Ground via Picturepath Partnership
- Video of Minister Pak being heckled by Imran Khan supporters goes viral with false claim
- US Coast Guard spots Chinese missile cruiser off Alaskan island
- Authority unfettered? Retained EU Law (Repeal and Reform) in Wales