Rakesh Jhunjhunwala: Famous stock market investor Rakesh Jhunjhunwala has passed away. Mumbai’s Breach Candy Hospital has confirmed his death. Rakesh Jhunjhunwala was discharged from the hospital 2-3 weeks ago. Rakesh Jhunjhunwala, who is called the Warren Buffett of India, had launched Akasa Airlines just a few days ago.
The big bull of the stock market, Rakesh Jhunjhunwala, has passed away at the age of 62. He was brought to Breach Candy Hospital in Mumbai. Jhunjhunwala was discharged from the hospital 2-3 weeks ago. Breach Candy Hospital has confirmed the death of veteran businessman Jhunjhunwala. Today at 6.45 am, the hospital has confirmed the death of Rakesh Jhunjhunwala.
Rakesh Jhunjhunwala is also known as Warren Buffett of India. After making money from the stock market, Big Bull had also entered the airline sector. He had made a huge investment in the new airline company Akasa Air and from 7 August the company has started operations. Jhunjhunwala, who has invested in the stock market, has assets worth thousands of crores today. It is funny that the journey of a person with so much wealth started with only 5 thousand rupees.
Akasa Air resumes operation
Akasa’s first commercial flight took off from Mumbai to Ahmedabad. Aviation Minister Jyotiraditya Scindia was seen at the inauguration ceremony of the first flight of Akasa Air. He flagged off Akasa’s first commercial flight. Union Minister of State VK Singh was also present with him. Akasa Air has started its service from 13th August on many more routes.
Rakesh Jhunjhunwala and his wife Rekha have the largest stake in Akasa Air Share. Together, the total stake in this airline company is 45.97 percent. Apart from this, Vinay Dubey, Sanjay Dubey, Neeraj Dubey, Madhav Bhatkuli, PAR Capital Ventures, Karthik Verma are also promoters of Akasa Air. After Rakesh Jhunjhunwala, Vinay Dubey’s stake in this is 16.13 percent. Akasa Air has started Bengaluru-Kochi service from 13th August. At the same time, it will start its service for Bangalore-Mumbai from 19 August and Chennai-Mumbai from 15 September.
What is Jhunjhunwala’s net worth now?
The main source of income of Rakesh Jhunjhunwala was the stock market. This success story of Jhunjhunwala started with just five thousand rupees. Today his net worth is around 40 thousand crores. Due to this success, Jhunjhunwala is called the Big Bull of the Indian Stock Market and Warren Buffett of India. Jhunjhunwala manages to earn even when ordinary investors are losing money in the stock market.