Correct Answer : 14th Aug 2022
Veteran stock investor and newly-launched Akasa Air founder "Rakesh Jhunjhunwala" passed away on Sunday(14th Aug 2022) morning in Mumbai following a prolonged illness. He was 62.
The promoter of Akasa Air, Jhunjhunwala appeared days ago at its public launch. He is survived by his wife and three children.
Known as “India’s Warren Buffet” for his ability to pick up low-priced quality stocks much before they become high performers, Jhunjhunwala was a cult figure in the Indian capital market. Retail investors followed his investment pattern.
Also known as the “Big Bull”, he was always bullish about the Indian growth story. His latest investment was in low-cost airline Akasa Air which started flying operations last week.
Jhunjhunwala was
started his journey in stock markets while still in college with a capital of
just 5,000 rupees. Jhunjhunwala’s net worth is estimated at
$5.8 billion (approximately ₹46,000 crore) by Forbes. He was India’s
36th wealthiest individual..
Source : The Hindu
