Akasa Air Founder Rakesh Jhunjhunwala No More, Passes Away At 62

Rakesh Jhunjhunwala, a renowned investor, passed away this morning in a Mumbai hospital. He was 62.
Around 6.45 am, Rakesh Jhunjhunwala underwent a heart arrest and was taken to the Breach Candy Hospital. The hospital staff proclaimed him dead when he arrived.

He received treatment for kidney-related problems at the same hospital before being discharged a few weeks ago.

According to Forbes, the seasoned trader-cum-investor, also known as the Big Bull of Dalal Street, was estimated to have a net worth of almost $5.5 billion.

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He worked as a promoter for the just launched Akasa Air airline in India. Mr. Jhunjhunwala, who had a number of health difficulties, was spotted using a wheelchair during the Akasa Air inauguration.

He was known as “India’s Warren Buffett” and had a generally positive outlook for the nation’s stock market.

SNV Aviation Private Limited’s Akasa Air is a low-cost airline with its main office in Mumbai, Maharashtra, India. Rakesh Jhunjhunwala, an Indian millionaire, founded it. After obtaining its first Boeing 737 MAX aircraft, the airline launched its commercial operations by operating its inaugural route from Mumbai to Ahmedabad on August 7, 2022.

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