Rakesh Jhunjhunwala Passed Away, Big Bull Rakesh Jhunjhunwala Passes Away, Rakesh Jhunjhunwala Latest Health News, Net Worth. Rakesh Jhunjhunwala Akasa Air Share.
At the age of 62, Rakesh Jhunjhunwala, a senior businessman in India who was known as the ‘Big Bull‘ of the stock market, passed suddenly. On 14th August 2022, he took his last breath. He had been sick for a considerable amount of time. It was at the inauguration ceremony of Akasa Air that he was seen in public for the last time.
The tragic news of his passing has just reached us at a time when he was in the process of launching his own airline. Its name is Akasa Air. Additionally, they referred to him as the Big Bull of the stock market. His sage advice served as a model for others. The name Rekha belongs to his wife.
The major share of ownership in Akasa Air is held by Rakesh Jhunjhunwala and his wife, Rekha. The combined percentage of both is 45.97 per cent of the whole.
Big Bull Rakesh Jhunjhunwala Passed Away
Prime Minister Narendra Modi expressed his condolences on Twitter on the passing of Big Bull by writing, “Rakesh Jhunjhunwala was a hilarious and practical person.”
He made an unforgettable mark on the business world with the contribution that he left behind. He was really excited about the development that was taking place in India. Our sincerest condolences go out to his family as well as all of his followers.
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. pic.twitter.com/DR2uIiiUb7
— Narendra Modi (@narendramodi) August 14, 2022
Rakesh Jhunjhunwala Net Worth
Rakesh Jhunjhunwala began making investments in the stock market almost as soon as he graduated from college. When I asked Rakesh Jhunjhunwala about his first investment, he said it was only $100.
The remarkable thing is that at the time, the Sensex index was sitting at 150 points, but it is currently trading at the level of 60,000. In addition to that, people referred to him as the Warren Buffett of the Indian stock market. Yesterday, Rakesh Jhunjhunwala had a net worth of $5.8 billion, as reported by Forbes.
Rakesh Jhunjhunwala Akasa Air Share
Rakesh and Rekha Jhunjhunwala hold the highest interest in Akasa Air Share amongst the two of them. The combined ownership of this airline corporation amounts to 45.97 per cent in its whole.
In addition to this, other people who are involved in the promotion of Akasa Air include Vinay Dubey, Sanjay Dubey, Neeraj Dubey, Madhav Bhatkuli, and PAR Capital Ventures, and Karthik Verma. Vinay Dubey has 16.13 per cent of this, making him the second largest shareholder behind Rakesh Jhunjhunwala.
Beginning on August 13th, Akasa Air is providing service between Bengaluru and Kochi. At the same time, it will initiate service between Bangalore and Mumbai beginning on the 19th of August, and between Chennai and Mumbai commencing on the 15th of September.