Billionaire investor and Akasa air founder Rakesh Jhunjhunwala died on Sunday in Mumbai, ANI reported. He was 62.
Jhunjhunwala, who was suffering from diabetes and a kidney ailment, was brought to Mumbai’s Breach Candy Hospital at 6.45 am, The Indian Express reported.
Expressing his condolences, Prime Minister Narendra Modi said 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,” the Prime Minister tweeted.
Born on July 5, 1960, Jhunjhunwala grew up in a Rajasthani family, in Mumbai, where his father worked as an Income Tax Commissioner. He graduated from Sydenham College and thereafter enrolled at the Chartered Accountants’ Institute of India.
Jhunjhunwala had an estimated net worth of $5.5 Billion (as of July 2022), which made him the 36th wealthist man in India.
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Besides being an active investor, Jhunjhunwala was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits 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.
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