Rakesh Jhunjhunwala Cause of Death, How the Legendary Investor Dies at the Age of Just 62?

The Indian billionaire and Investor Rakesh Jhunjhunwala passed away on 14 August 2022. Jhunjhunwala is referred to as ‘India’s own Warren Buffet’, because of his way of earning huge profit from the stock markets. He was also the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. Jhunjhunwala was the director of many companies. He also co-founded Akasa Air in 2022. The billionaire got many titles including the “Big Bull of India” and the “King of Bull Market”. Now, let’s check Rakesh Jhunjhunwala Cause of Death, How the Legendary Investor Dies at the Age of Just 62?

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Rakesh Jhunjhunwala Cause of Death, How the Legendary Investor Dies at the Age of Just 62?

According to medical reports, the Billionaire investor Rakesh Jhunjhunwala’s cause of death was acute cardiac arrest. As sources says, Jhunjhunwala was brought to the Candy Breach Hospital at 6:45 AM in the morning and the death was confirmed there. Few weeks ago, he was hospitalized due to some health issues including kidney ailments. But later he was discharged. As per the doctor’s report, he also suffered from kidney related problem and acute multiple organs failure.

The legendary investor is 62 years old and have a wife and three children.

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PM Narendra Modi, and many other famous personalities paid tribute to Jhunjhunwala at the moment of his demise.

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The story of Legendary Investor Rakesh Jhunjhunwala

Jhunjhunwala was fascinated with the great stock market from a conversation between his father and his friend. Rakesh’s father was an income tax officer and he had a great knowledge in investing. Jhunjhunwala started testing his fortune in stock market when he was just 25, in 1985. His first investment was with $100 that he had borrowed from a relative. The investor is known for taking big risks, in which many of them resulted in profit. Today Jhunjhunwala’s investment has grown to ₹11,000 crores.

In 2022, Jhunjhunwala co-founded Akasa Air, an Indian airline co-founded along with former Jet Airways CEO Vinay Dubey.

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Jhunjhunwala once responded to the title “India’s Warren Buffett”, he earned by saying “I’m not a clone of anybody. I’m Rakesh Jhunjhunwala.”

The achievements of the “Big Bull of India” is really an inspiring an incredible story, where he grew from a middle-class family to one of the India’s richest man.