The Big Bull Rakesh Jhunjhunwala, who was known as the ace investor, passed away on Sunday morning at the age of 62. He was brought to the hospital in Mumbai, according to reports.
Prime Minister Narendra Modi took to Twitter to mourn the death of Jhunjhunwala. Rakesh Jhunjhunwala was indomitable. He leaves behind an indelible contribution to the financial world, full of life, witty and insightful. He was very passionate about India's progress. His passing is saddening. My condolences to his family and admirers. He said Om Shanti.
PM Modi shared a picture of him with the ace investor from a recent meeting. He met Big Bull in October last year, along with his wife Rekha Jhunjhunwala. PM Modi had shared a picture with the couple and then stated: Delighted to meet the one and only Rakesh Jhunjhunwala. In India, India is very bullish, insightful and lively. Jhunjhunwala, known as the Warren Buffett of Indian stock markets, was involved in the creation of the newest budget carrier Akasa Air, which started its maiden commercial operations this month from Mumbai to Ahmedabad.
He was also known for his role as Chairman of Hungama Media, Aptech, and the Director of Viceroy Hotels, Concord Biotech, Provogue India, and Geojit Financial Services.
Jhunjhunwala, the son of an income tax officer, has been investing in stocks since his college days.
Netizens, political leaders and industrialists took to Twitter to mourn the passing of the ace investor.