Veteran stock market investor Rakesh Jhunjhunwala is dead

Mumbai: Veteran stock market investor Rakesh Jhunjhunwala died on Sunday morning here.

He was 62.

Jhunjhunwala was an Indian billionaire business magnate, stock trader and investor.

Jhunjhunwala grew up in a Rajasthani family, in Bombay, where his father worked as a Commissioner of Income Tax. His surname indicates that his ancestors belonged to Jhunjhunu in Rajasthan.

He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India.

He had an estimated net worth of $5.5 Billion (as of July 2022) making him the 36th richest man in India.

Jhunjhunwala recently entered into aviation sector with the launch of Akasa Air in association with former Jet Airways CEO Vinay Dubey.