It comes as a rude shock to the stock market in the passing away of Billionaire Investor RakeshJhunjhunwala also known as Big Bull on early Sunday morning 14 at the Breach Candy Hospital where he was admitted for treatment.
The 62-year-old Billionaire Investor worth $5 billion leaves behind his wife, two sons and a daughter.
He 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.
In her condolence Nirmala Sitharaman, Finance Minister said “Rakesh Jhunjhunwala was a bold risk taker, masterly understanding of the stock market, clear in communication – a leader in his own right. Fondly remember several conversations we’ve had. Had strong belief in India’s strength and capabilities.
He was also the promoter of Akasa Air and Star Health & Allied Insurance.
Born on July 5, 1960 he grew up in Mumbai, where his father was posted as an income tax officer.
After his graduation from Sydenham College in 1985, he enrolled at the Institute of Chartered Accountant of India. He is married to Rekha Jhunjunwala, who is also a stock market investor.
RIP Rakesh Jhunjhunwala.
News Input: K.V.Raman.