Famous investor Rakesh Jhunjhunwala passed away this morning in a hospital in Mumbai. Around 6.45 am, Rakesh Jhunjhunwala underwent a cardiac arrest and was taken to the Breach Candy Hospital. The hospital staff proclaimed him dead when he arrived.
He received treatment for kidney-related problems at the same hospital before being discharged a few weeks ago. The Big Bull of Dalal Street, a seasoned trader-cum-investor, was said to have a net worth of almost $5.5 billion, according to a source.
He worked as a promoter for the just launched Akasa Air airline in India. Mr. Jhunjhunwala, who had a number of health difficulties, was spotted using a wheelchair during the Akasa Air inauguration. Rakesh Jhunjhunwala passed away, and Prime Minister Narendra Modi expressed his condolences. He noted that the renowned investor “leaves behind an indelible legacy to the financial sector.”
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