Rakesh Jhunjhunwala Passes Away At 62: 5 Facts About The Ace Investor

Rakesh Jhunjhunwala passed away due to sudden cardiac arrest on Sunday. He was brought dead to the Mumbai's Breach Candy at 6:45 am. According to Dr Pratit Samdani, Breach Candy Hospital, "Rakesh Jhunjhunwala had a sudden cardiac arrest which was the cause of his death."

Jhunjhunwala was suffering from chronic kidney disease and was also diabetic, added Dr Pratit Samdani. "He was also suffering from chronic kidney disease, was on chronic dialysis, and was responding well. He was diabetic and had recently undergone an angioplasty," said Dr Pratit Samdani.

Check 5 important facts about Rakesh Jhunjhunwala:

1. The leading ace trader and -investor was often dubbed as the the Big Bull of Dalal Street, and reportedly had a net worth of approximately $5.8 billion. hunjhunwala was the 36th richest billionaire in India, according to Forbes' 2021.

2. Rakesh Jhunjhunwala formed an alliance with ex-Jet Airways CEO Vinay Dube and former IndiGo head Aditya Ghosh to launch Akasa Air and it took its first flight earlier last week in August 2022.

3. Rakesh Jhunjhunwala was born on 5th July 1960 in a Rajasthani family based in Mumbai. The ace investor's father was a government officer and worked as the Commissioner of Income Tax. Jhunjhunwala used to hear his father discuss about stock market and developed keen interest in it. His father encouraged him to read newspaper regularly to find about the trends of stock market. His first investment in stock market began with Rs 5000 in 1985. Over the years, he emerged as the leading investor and popularly known as the Big Bull of Dalal Street.

4. Rakesh Jhunjhunwala held several positions that included the chairman of Hungama Media and Aptech. Jhunjhunwala was also the among the board of directors of leading brands namely Concord Biotech, Provogue, Viceroy, and Geogit Financials Services.

5. Jhunjhunwala reportedly used to donate 25% of his earnings towards charity. In 2020, he contributed of 25% of his wealth to charity.