Multibillionaire Indian businessman Rakesh Jhunjhunwala has recently been in the news because he died at the age of 62, know his death cause and net worth in 2022
Rakesh Jhunjhunwala, a multibillionaire businessman, stock trader, and investor, died on Sunday morning at the age of 62. According to sources, he was brought dead to the Mumbai Breach Candy Hospital around 6:45 a.m. in the morning.
Rakesh Jhunjhunwala Passed Away, Cause Of Death, Age, Biography, Family, Wife, Children, Portfolio, Education, Career, Net Worth 2022 And News Today
He will be missed.
Om Shanti🙏
#Rakeshjhunjhunwala pic.twitter.com/czrbGeRoGk— Kreately.in (@KreatelyMedia) August 14, 2022
The man who never listened to economists (intellectual-yet-idiot types).
He always stayed bullish on The India Story and made a fortune on D-street.
Om Shanti, #Rakeshjhunjhunwala! 🙏 pic.twitter.com/LfTLHR26yy
— Harshil Mehta (@MehHarshil) August 14, 2022
Deep difference. #RakeshJhunjhunwala pic.twitter.com/zlnxd8mLbd
— Rahul G Rathod (@_mac1130) August 8, 2022
End of an Era as the Big Bull of the Dalal Street , #RakeshJhunjhunwala passes away.
Condolences to his family and loved ones. Om Shanti 🙏 pic.twitter.com/3OrVSzU2Ty— Virender Sehwag (@virendersehwag) August 14, 2022
Since the death of his news went viral on various social media platforms, it became a hot topic of discussion all over the country. Lots of people are paying their sympathies to him including Prime Minister Narendra Modi, several Union Ministers and many other industrialists.
Many people are also trying to find out more about him. So, here’s what we know about him:
Who Was Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala was a famous Indian billionaire business magnate, stock trader and investor. He has recently been in the headlines because he died at the age of 62.
He was born on 5 July 1960 in Hyderabad, Andhra Pradesh, India (now in Telangana). In Bombay, he was raised by a Rajasthani family. His father was an Income Tax Commissioner.
After completing his studies at Sydenham College, he enrolled at the Institute of Chartered Accountants of India.
On February 22, 1987, Rakesh Jhunjhunwala wed Rekha Jhunjhunwala. They both had three children together including one daughter Nishtha and two identical twins named Aryaman and Aryaveer.
He was well recognised for his stock market forecasts and upbeat outlooks, earning the nicknames “Big Bull of India” and “King of Bull Market.”
He died on 14 August 2022 in Mumbai, Maharashtra, India. He died at the age of 62.
His Career
Rakesh began making early stock market investments while still a college student thanks to his savings. His investment now totals ₹11,000 crores, up from a starting amount of ₹5,000 in 1985.
Jhunjhunwala served as the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. in addition to being an active investor.
He was also a member of the boards of directors for 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
He was on the Board of Advisors for the International Movement to Unite Nations of India (I.I.M.U.N.).
Vinay Dubey, a former Jet Airways CEO, and Rakesh Jhunjhunwala launched Akasa Air, an airline based in India. As of August 9th, 2022, the airline traveled to 3 cities and has orders for an additional 70 aircraft.
Death Cause Of Rakesh Jhunjhunwala
Rakesh experienced some health unease on August 14, 2022, which prompted a visit to Mumbai’s Breach Candy Hospital. Later that morning, at 6:30, he passed away from a cardiac arrest. According to doctors, he also had diabetes, acute multiple organ failure, and kidney-related issues.
Net Worth Of Rakesh Jhunjhunwala
He was the 36th richest man in India with an estimated net worth of $5.5 billion (as of July 2022).