Seasoned stock market investor Rakesh Jhunjhunwala passed away at the age of 62 in Mumbai, according to several media reports. Jhunjhunwala, over the years, has invested in many well-known and established companies, and also upcoming startups. His investment in the Tata owned, Titan Industries was seen as a master stroke.
He recently promotd, Akasa Air, which was backed by Rakesh Jhunjhunwala, was inaugurated on August 7.
According to New 18 reports, Jhunjhunwala was brought to the Candy Breach Hospital at 6:45 AM in the morning and was declared dead.
As of August, 2022, his net worth was $5.8 billion. He invested via his firm Rare Enterprises. He is often referred to as India's Warren Buffett.