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Ace stock trader Rakesh Jhunjhunwala passes away at age 62

10:32 AM Aug 14, 2022 IST | Ground Report
ace stock trader rakesh jhunjhunwala passes away at age 62

Renowned stock trader Rakesh Jhunjhunwala passed away on Sunday. He breathed his last at Breach Candy Hospital in Mumbai.

Rakesh Jhunjhunwala's age was 62 years. According to media reports, he was taken to the hospital this morning due to poor health.


Rakesh Jhunjhunwala's Akasa Airlines plane, known as India's Warren Buffett, took the first flight this month. Jhunjhunwala was seen in public at the same time. It has also been told in some reports that his health was going bad for some time.

Rakesh Jhunjhunwala started this company with 400 employees. Aakasa Airlines was aiming to have 2,000 employees by March next year, with a total of two hundred and two hundred per month.


Prime Minister Narendra Modi has expressed grief over the death of Rakesh Jhunjhunwala. PM Modi has written that Rakesh Jhunjhunwala was a lively, funny and sharp-eyed person. PM Modi has said that Rakesh Jhunjhunwala has left an indelible mark in the economic world. Describing his death as sad, PM Modi has expressed his condolences to the family.

Last year, the picture of Rakesh Jhunjhunwala's meeting with Prime Minister Narendra Modi also went viral on social media. It was only after this that the news of his Akasa Airlines getting the green signal from the government also came.


Born on July 5, 1960, Jhunjhunwala grew up in a Rajasthani family in Bombay, where his father worked as an Income Tax Commissioner. He graduated from Sydenham College and then enrolled at the Institute of Chartered Accountants of India.

He had an estimated net worth of $5.5 billion (as of July 2022), making him the 36th richest man in India.


In addition to being an active investor, Jhunjhunwala was Chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and is on the board of directors of Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.

He was popularly known as the "Great Bull of India" and the "King of the Bull Market", and was widely known for his stock market predictions and bullish outlook.

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