On August 14, ace investor Rakesh Jhunjhunwala came with the sad news of cardiac arrest. Jhunjhunwala, popularly known as the ‘Big Bull’ of Dalal Street, has left an impressive legacy. He passed away at the age of 62. According to the sources, the tycoon was suffering from various kidney, diabetes and heart ailments. Jhunjhunwala’s death came as an unexpected shock and Twitter town was flooded with condolences. Read along to learn more.
Rakesh Jhunjhunwala was an inspiration to aspiring businessmen and investors as he was successful in his own right due to his determination and hard work. This self-made entrepreneur and venture capitalist is truly remembered for his achievements and sky-shattering endeavors. He is survived by his wife and three children.
His last public appearance was at the Akasa Air launch, of which Jhunjhunwala was the presenter. During the last few months, his health was deteriorating due to various ailments.
According to Forbes, Rakesh Jhunjhunwala is the 36th richest billionaire in India with a net worth of $5.8 billion. Affectionately called “Rakesh Bhaiyya” by the youth and investors alike, this business tycoon was known for his brilliant trading and investing skills. Another characteristic that sets him apart from others is his realistic expectations that justify achievable dreams and goals. This would certainly be an inspiration to young investors trying to build their own empires. Let’s take a look at two tweets that reflect the grief felt on the death of this ace tycoon.
People from different sections of the society fondly remember the investor whose commitment and will were never seen before. Prime Minister Narendra Modi tweeted about Jhunjhunwal’s “immeasurable contribution to the world of finance”. The investor did not forget to notice his love for the development of the country.
Rakesh Jhunjhunwala was indomitable. Full of life, intelligent and insightful, he will leave an unforgettable contribution to the world of finance. He was also passionate about India’s development. It’s sad that he died. My condolences to his family and fans. Om Shanti. pic.twitter.com/DR2uIiiUb7
— Narendra Modi (@narendramodi) August 14, 2022
There will never be another like you, RIP. 🙏🏽 pic.twitter.com/FK6KjZPck0
— Nikhil Kamath (@nikhilkamathcio) August 14, 2022
5 lessons from famous investor Rakesh Jhunjhunwala
1. Your father is always your superman🦸 ♂️
✅ He thanked his father for his guts, encouragement and enthusiasm
— Nigel D’Souza (@Nigel__DSouza) August 14, 2022
The bet paid off and he returned home to tell his wife that she could finally buy the air conditioner she had asked for.
A wonderful piece on Rakesh Jhunjhunwala@sant0nair
– Binoy Prabhakar (@binoy_prabhakar) August 14, 2022
My piece on Rakesh Jhunjhunwala, Dalal Street’s favorite bull. #Rakesh Jehunjunwala has passed away https://t.co/TmPiljBqA4
— Mitali Mukherjee (@MitaliLive) August 14, 2022
— Latha Venkatesh (@latha_venkatesh) August 14, 2022
Download the Economic Times app to stay updated with business news – https://t.co/OMGNwSuq4O pic.twitter.com/PSggqyHz3r
– Deepak Ajwani (@deepakajwani) August 14, 2022