Rakesh Jhunjhunwala Passes away – PM Modi, Sehwag Pay Condolences: Big Bull of Dalal Street Rakesh Jhunjhunwala has passed away at the age of 62. Prime Minister Narendra Modi, Virender Sehwag have paid condolences. Jhunjhunwala was rushed to the Breach Candy Hospital at around 6.45 am after he suffered a cardiac arrest. He was declared dead on arrival by the hospital authorities. Follow LIVE Updates
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Rakesh Jhunjhunwala Passes away: Big Bull of Dalal Street Rakesh Jhunjhunwala passes away, PM Modi, Sehwag, Sachin, Kohli pays condolences: Follow LIVE UPDATES
Jhunjhunwala died this morning at a Mumbai hospital. He was 62. The veteran trader-cum-investor, also known as the Big Bull of Dalal Street, was reported to have a net worth of around $5.5 billion, according to Forbes.
He was a promoter of India’s newest airline Akasa Air which took to the skies last week. Mr Jhunjhunwala was suffering from multiple health issues and was seen on a wheelchair at the launch of Akasa Air.
He was dubbed as “India’s Warren Buffett” who was mostly bullish about the country’s stock market. His death will also a loss to Indian Esports industry as he was one of the lead investor in Indian Gaming Company Nazara Tech.
Prime Minister Narendra Modi condoled his death and said the legendary investor “leaves behind an indelible contribution to the financial world.”
“Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti,” he tweeted.
Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti. pic.twitter.com/DR2uIiiUb7
— Narendra Modi (@narendramodi) August 14, 2022
End of an Era as the Big Bull of the Dalal Street , #RakeshJhunjhunwala passes away.
— Virender Sehwag (@virendersehwag) August 14, 2022
Condolences to his family and loved ones. Om Shanti 🙏 pic.twitter.com/3OrVSzU2Ty
The learnings he shared and his blessings will always be with us at #nazara and we will always value them as a prized possession … gone too soon! RIP Rakeshji 🙏 pic.twitter.com/9NKJ8hYRFZ
— Nitish Mittersain (@mittersain) August 14, 2022</blockquote>Anguished to learn about the passing away of Rakesh Jhunjhunwala Ji. His vast experience and understanding of the stock market have inspired countless investors. He will always be remembered for his bullish outlook. My deepest condolences to his family. Om Shanti Shanti.
— Amit Shah (@AmitShah) August 14, 2022
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