Billionaire investor Rakesh Jhunjhunwala passes away at age 62

In a major loss to business world, billionaire business magnate and veteran investor Rakesh Jhunjhunwala bread his last on Sunday morning. Jhunjhunwala, famously referred to as "Big Bull of Dalal street" and "King of Bull Market" died at of 62.

As per reports, Jhunjhunwala h been on a wheelchair for a long time and suffered from multiple health issues. He was brought to Mumbai 's Breach Candy hospital at 6:45 am, where doctors declared him de.

Born on July 5, 1960, Jhunjhunwala grew up in a Rajasthani family, in Mumbai, where his far worked as an Income Tax Commissioner. He gruated from Sydenham College and reafter enrolled at  Chartered Accountants' Institute of India.

Jhunjhunwala h an estimated net worth of $5.5 Billion (as of July 2022), which me him 36th wealthist man in India.

In dition to being an active stock market investor, Jhunjhunwala was chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. He was also on board of directors of Prime Focus Ltd, Geojit Financial Services, Bilcare Ltd, Praj Industries Ltd, Provogue India Ltd, Concord Biotech Ltd, Invasynth Techlogies Ltd, Mid Day Multimedia Ltd, Nagarjuna Construction Company Ltd, Viceroy Hotels Ltd, and Tops Security Ltd.

Rakesh Jhunjhunwala recently co-founded Indian airline Akasa Air which took its first flight from Mumbai to Ahmedab on August 7. Akasa Air currently has 2 aircraft, with an ditional order for 70 more aircraft, and flies to 3 cities as of August 9, 2022.