Ace Indian investor Rakesh Jhunjunwala passes away
Rakesh Jhunjhunwala, known as the Big Bull of the stock market, has passed away. He was 62 years old. He died on Sunday morning. He was called ‘Warren Buffet’ of India. Everyone is shocked by the news of his sudden demise. Recently he has started his airline service ‘Akasa Air’. The news of the death of Rakesh Jhunjhunwala has been confirmed by Akasa Air’s source.
Billionaire investor and Akasa Air owner Rakesh Jhunjhunwala passes away
Read @ANI Story | https://t.co/VDdETOykZW#RakeshJhunjhunwala #AkasaAir pic.twitter.com/1X1vIjEKNu
— ANI Digital (@ani_digital) August 14, 2022
Recently entered the aviation sector
Rakesh Jhunjhunwala, who had invested in a variety of businesses, recently also invested in Akasha Airlines. Jhunjhunwala held 40 percent stake in it. This investment was made at a time when most airlines are making losses. Akasha Airlines purchased 72 Boeing 737 MAX aircraft for its flights by American aerospace company.
Started investing with Rs 5000
Rakesh Jhunjhunwala was one of the biggest investors in the Indian stock market. When he was in college, he started trying his hand in the stock market. He enrolled in the Institute of Chartered Accountants of India. It was only after graduating from here that he started trying his hand in the stock market. Jhunjhunwala started investing in 1985 with Rs 5,000. By September 2018, this investment had increased to Rs 11,000 crore. According to the information, at present the net worth of Jhunjhunwala is Rs 43.39 thousand crores.
