Veteran stock market investor Rakesh Jhunjhunwala passed away at 62 in Mumbai on14th August. Jhunjhunwala, over the years, invested in many well-known and established companies and upcoming startups. Jhunjhunwala's net worth was $5.8 billion, as of August 2022. He invested in his individual capacity, and via his firm Rare Enterprises.
Low-cost carrier Akasa Air, which Rakesh Jhunjhunwala backs, was inaugurated on August 7.
Jhunjhunwala was India's 36th richest person in 2021 and the 438th richest man in the world, so far in 2022, according to Forbes.
Team Knowmystock expresses heartfelt condolences