Indian Prime Minister Narendra Modi called him “indomitable” and expressed grief over his death on Twitter, as did other Indian officials.
The billionaire Indian investor, Rakesh Jhunjhunwaladubbed “India’s Warren Buffett” by the Indian media, has died at the age of 62, his office announced today.
The Prime Minister of India, Narendra Modicalled him “indomitable” and expressed grief over his death on Twitter, as did other Indian officials.
The “Great Bull of Dalal Street” – the Wall Street of Bombay – had a fortune estimated at 6 billion dollarsaccording to Reuters, and significant equity stakes in about thirty of the most important Indian companies.
He recently invested $35 million for 40% of low-cost airline Akasa Air, which made its first flight today.
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
“Full of life, full of wit and insight, he leaves behind an indelible legacy in the world of financePrime Minister Modi said.
Junjunwala’s office confirmed to AFP that he had died this morning, without releasing further details.
“Rakesh-ji left surrounded by his family and close associates“, a family member told Reuters, using an address that shows respect.
The cause of his death has not yet been announced. Indian television reported that Rakesh Jhunjhunwala was rushed to a Mumbai hospital around 6:45 a.m. after suffering a cardiac arrest. He was pronounced dead on arrival at the hospital.
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