By Matthew Roscoe • Published: 14 Aug 2022 • 7:28
Shock as Indian business magnate 'Big Bull' Rakesh Jhunjhunwala dies of cardiac arrest. Image: Narendra Modi/Twitter
Rakesh Jhunjhunwala, who was a popular Indian billionaire business magnate, stock trader and investor, was rushed to Breach Candy Hospital in Mumbai at around 6.45 am after suffering a cardiac arrest. Sadly, he was pronounced dead on arrival.
Jhunjhunwala, who grew up in a Rajasthani family, in Bombay, where his father worked as a Commissioner of Income Tax, managed his own portfolio as a partner in his asset management firm, Rare Enterprises.
Known as the Big Bull of Dalal Street, Jhunjhunwala was reportedly worth around $5.5 billion.
He was the founder of Akasa Air.
His passing has been mourned in India this morning following the heartbreaking news.
The Prime Minister of India, Narendra Modi, said on Twitter: “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.”
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
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
“Nobody can predict Market, Death, Market and Women. – Rakesh jhunjhunwala. Rest in peace the king of stock market.” Prayag wrote.
Nobody can predict Market, Death, Market and Women. – Rakesh jhunjhunwala. Rest in peace the king of stock market. #Rakeshjhunjhunwala pic.twitter.com/rTdPJsFNJd — Prayag (@theprayagtiwari) August 14, 2022
Nobody can predict Market, Death, Market and Women. – Rakesh jhunjhunwala.
Rest in peace the king of stock market. #Rakeshjhunjhunwala pic.twitter.com/rTdPJsFNJd
— Prayag (@theprayagtiwari) August 14, 2022
Tania Aneja wrote: “Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it.” Rest in peace, Rakesh Jhunjhunwala Sir. You will be missed.”
“Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it.” Rest in peace, Rakesh Jhunjhunwala Sir.You will be missed. pic.twitter.com/bxdeH9QN7B — Tanya Aneja (@Tanya_aneja0209) August 14, 2022
“Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it.”
Rest in peace, Rakesh Jhunjhunwala Sir.You will be missed. pic.twitter.com/bxdeH9QN7B
— Tanya Aneja (@Tanya_aneja0209) August 14, 2022
One person wrote: “The #RakeshJhunjhunwala last words, “No body can predict weather, death, market & women,” Om Shanti. End of Bulls. Remember friends while earning in rat race, make sure you take care of your physical health, maintain your weight, eat healthy, have healthy lifestyle.”
The #RakeshJhunjhunwala last words, “No body can predict weather, death, market & women” Om Shanti . End of Bulls Remember friends while earning in rat race, make sure you take care of your physical health, maintain your weight, eat healthy, have healthy lifestyle — CA Chirag Chauhan (@CAChirag) August 14, 2022
The #RakeshJhunjhunwala last words, “No body can predict weather, death, market & women”
Om Shanti . End of Bulls
Remember friends while earning in rat race, make sure you take care of your physical health, maintain your weight, eat healthy, have healthy lifestyle
— CA Chirag Chauhan (@CAChirag) August 14, 2022
One person said: “Sad to hear about the passing away of #RakeshJhunjhunwala. In the few meetings I had with him, he came across as a jovial,happy to share his knowledge type of personality. I had the benefit of his advice when I started my entrepreneurial innings. Cheers to a life lived king-size.”
Sad to hear about the passing away of #RakeshJhunjhunwala. In the few meetings I had with him, he came across as a jovial,happy to share his knowledge type of personality. I had the benefit of his advice when I started my entrepreneurial innings. Cheers to a life lived king-size. — Anil Hebbar (@anil_hebbar) August 14, 2022
Sad to hear about the passing away of #RakeshJhunjhunwala. In the few meetings I had with him, he came across as a jovial,happy to share his knowledge type of personality. I had the benefit of his advice when I started my entrepreneurial innings. Cheers to a life lived king-size.
— Anil Hebbar (@anil_hebbar) August 14, 2022
“You may call me a fool, you may call me anything, I may not live to see it but I can tell you one thing – India will overtake China in the next 25 years.” Rakesh Jhunjhunwala, Legendary Big Bull of India, said this last year. And India will overtake both China, USA. Om Shanti 🙏🏾” another wrote.
"You may call me a fool, you may call me anything, I may not live to see it but I can tell you one thing – India will overtake China in the next 25 years” Rakesh Jhunjhunwala, Legendary Big Bull of India, said this last year. And India will overtake both China, USA Om Shanti 🙏🏾 — Harsh Madhusudan (@harshmadhusudan) August 14, 2022
"You may call me a fool, you may call me anything, I may not live to see it but I can tell you one thing – India will overtake China in the next 25 years”
Rakesh Jhunjhunwala, Legendary Big Bull of India, said this last year. And India will overtake both China, USA
Om Shanti 🙏🏾
— Harsh Madhusudan (@harshmadhusudan) August 14, 2022
And another person said: “Rakesh Jhunjhunwala was one of those rarest Capitalists in India who celebrated the ideology openly. Showed optimism towards India’s story. An unapologetic staunch nationalist. And an inspiration for millions. His departure on the eve of #IndiaAt75 is even more sad. Om Shanti! 🙏🏾”
Rakesh Jhunjhunwala was one of those rarest Capitalists in India who celebrated the ideology openly. Showed optimism towards India's story. An unapologetic staunch nationalist. And an inspiration for millions. His departure on the eve of #IndiaAt75 is even more sad. Om Shanti! 🙏🏾 — Sandesh Samant | संदेश सामंत (@sandesh_samant) August 14, 2022
Rakesh Jhunjhunwala was one of those rarest Capitalists in India who celebrated the ideology openly. Showed optimism towards India's story. An unapologetic staunch nationalist. And an inspiration for millions. His departure on the eve of #IndiaAt75 is even more sad. Om Shanti! 🙏🏾
— Sandesh Samant | संदेश सामंत (@sandesh_samant) August 14, 2022
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Originally from the UK, Matthew is based on the Costa Blanca and is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at editorial@euroweeklynews.com.
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