Rakesh Jhunjhunwala has dominated the Indian business world and his death came as a shock to many across industries. Prime Minister Narendra Modi was among the first to pay tribute to the Billionaire investor who died at the age of 62 in Mumbai 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," Prime Minister Narendra Modi tweeted sharing a picture with the veteran investor.
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
According to reports, the 62-year-old was brought to a hospital in Mumbai early this morning, but was declared brought dead by doctors. Jhunjhunwala is said have had a history of kidney related issued in the past.
Aviation Minister Jyotiraditya M. Scindia also tweeted his condolences paid his tributes.
Sh Rakesh Jhunjhunwala Ji was not only an astute businessman, but also passionately invested in India’s growth story. He will be remembered for giving India its new airline @AkasaAir after more than a decade. My deepest condolences to his family & loved ones.— Jyotiraditya M. Scindia (@JM_Scindia) August 14, 2022
Earlier this week, Jhunjhunwala flagged off the first flight of Akasa Air, an aviation company backed by ace investor Rakesh Buiand aviation veterans Aditya Ghosh and Vinay Dube in Mumbai. The company got its air operator certificate from the Directorate General of Civil Aviation (DGCA) on July 7.
Tributes poured in on Twitter for Jhunjhunwala, dubbed ‘India’s Warren Buffet’. Home Minister Amit Shah, Defence Minister Rajnath Singh and Finance Minister Nirmala Sitharaman also paid their tribute on Twitter.
Anguished to learn about the passing away of Rakesh Jhunjhunwala Ji. His vast experience and understanding of the stock market have inspired countless investors. He will always be remembered for his bullish outlook. My deepest condolences to his family. Om Shanti Shanti.— Amit Shah (@AmitShah) August 14, 2022
Shocked by the sudden demise of seasoned Investor, Shri Rakesh Jhunjhunwala. He will be remembered for his contributions in business and industry. He was at the forefront of creating a culture of investing in Indian stock markets. Condolences to his family and many admirers.— Rajnath Singh (@rajnathsingh) August 14, 2022
Shri Rakesh Jhunjhunwala is no more. Investor, bold risk taker, masterly understanding of the stock market, clear in communication- a leader in his own right. Fondly remember several conversations we’ve had. Had strong belief in India’s strength and capabilities. Condolences— Nirmala Sitharaman (@nsitharaman) August 14, 2022
Top business leaders also took to Twitter to pay their tributes to the ‘Big Bull’ lauding Jhunjhunwala’s legacy calling him an ‘inspiration’.
Extremely saddened by the untimely passing away of the most legendary investor that India has had. Shri Jhunjhunwala inspired an entire generation to believe in our equity markets with his brilliant views. We will miss him. India will miss him but we will never forget him. RIP???? pic.twitter.com/XrOBM3t0nG— Gautam Adani (@gautam_adani) August 14, 2022
Shocked and saddened to hear of the demise of Shri #RakeshJhunjhunwala . An ace investor and a simple straightforward man, Shri Jhunjhunwala leaves behind a legacy that will continue to inspire many.
My deepest condolences to his family, friends and loved ones. Om Shanti???? pic.twitter.com/ud7R5znlCy
— Naveen Jindal (@MPNaveenJindal) August 14, 2022
The ‘Big Bull’ spoke to CNBC-TV18 in an exclusive interview just 5 days ago hailing Reliance Chairman Mukesh Ambani for revolutionising the telecommunication sector and fast-tracking the digitisation process in the country. He also spoke about the future of the aviation sector in the country and commented on the Akasa Air company.
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