Stock market veteran Rakesh Jhunjhunwala has passed away. It is being told that he breathed his last on Sunday morning at Breach Candy Hospital in Mumbai. According to the information, he was discharged from the hospital a few weeks ago. It is not yet clear what caused his death. Jhunjhunwala was 62 years old.
According to the information, he passed away at 6:45 am today. Jhunjhunwala is survived by his wife Rekha Jhunjhunwala, daughter Nistha and two sons Aryaman and Aryaveer.
Prime Minister Narendra Modi has also condoled the death of Jhunjhunwala. He was a wonderful person, he said. Full of life, spot on, responsive and practical. He said, Jhunjhunwala has left behind an indelible contribution to the economic world. He was very passionate about the progress of India.
Recently entered the aviation sector:
Rakesh Jhunjhunwala, who has invested in a variety of businesses, recently also invested in Akasa Airlines. Jhunjhunwala had 40 percent stake in it. This investment was made at a time when most airlines are making losses. Akasa Airlines purchased 72 Boeing 737 MAX aircraft for its flights by the American aerospace company.
Started investing with Rs 5000:
Rakesh Jhunjhunwala was one of the biggest investors in the 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.
The post Rakesh JhunJhunwala: Veteran investor Rakesh Jhunjhunwala passed away, breathed his last in Breach Candy Hospital appeared first on Spotlight 7.
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