Rakesh Jonghunwala, called “India’s Warren Buffett” by local media, died on Sunday morning, only a week after founding the country’s newest airline.
Rakesh Jonghunwala, a millionaire businessman, stock trader, and investor, died on Sunday morning at the age of 62 after being rushed to Prachkandy Hospital in Mumbai at 6. 45 a. m., according to reports.
Jonghunwala suffered renal illness and was hospitalised around three weeks ago.
He is known in the Indian media as Warren Buffett in India and Big Bull in Indian Markets, and he has a net worth of $3. 5 billion, with major interests in more than 30 Indian blue-chip firms.
Jonghunwala invested $35 million in Akasa Air, which had its inaugural flight last week in the Asian country’s competitive aviation sector.
In addition to being an investor, he is the president of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd.
He was also on the boards of a number of Indian firms.
In a tweet, Prime Minister Narendra Modi conveyed his sympathies, saying, “Jongunwala is unbeatable.” Rakesh Jonghunwala was determined. He made an unmistakable impression on the world of finance because he was full of life, clever, and imaginative.
timesofindia.com, indiatimes.com, and indiatoday.in
The Warren Buffett of India, an Indian stock market tycoon, has died.
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