Some breaking news coming in and tragic news Rakesh Jhunjhunwala veteran investor who was known as the big bull of the dalal street is no more he's died at the age of 62 this morning in hospital.
That's the news coming in he was known to be unwell for some time so veteran investor Rakesh Jhunjhunwala has died was known as we said the big bull of wall of the dalal and he's passed away at 62. He was both a trader as well as a chartered accountant one of the richest men in the country and he was also launching a new airline akasa which the aviation world was watching with finger crossed.
So very shocking news coming in he was known to be unwell but no one realized how unwell he really was he was on a wheelchair when he had met the prime minister last and there you can see that meeting with the prime minister Rakesh Jhunjhunwala was also the chairman of Hungama media and aptech he was the director of Viceroy hotels, concord biotech and several outfits wallets go across to saurabh gupta for more now sort of shocking news coming in Rakesh Jhunjhunwala no more and he was unwell for some time.
That's right you know you had done well for a while in fact even during the launch of akatsu air in which he's an investor and you know he was there at the function but he was on a wheelchair because of his health.
Perhaps one of the times that we last saw him in public now what we've been given to understand is that he was taken to Breach Candy Hospital where he wa declared dead and that of course is the latest news coming out mumbai this morning.
A lot of people on twitter of course sharing you know the news with a lot of sadness given the fact that he was really one of the biggest players in the indian stock market you know recently that picture of him meeting the prime minister in a crumpled white shirt had also gone viral.
He died this morning at the age of 62. and now of course he was someone was born in 1960 and grew up in a rather sunny family in mumbai where his father worked as the commissioner of income tax and he had an estimated net worth of you know 5 billion and of course you know he was an active investor sat on the board of several companies and was popularly referred to as the big bull of india the king of the bull market and was widely known for his predictions of stocks and investments and that's something that a lot of people turn to him for they would you know readily hand out tips and of course his latest venture was akasa which is just taken to the skies.
Akasa started flying this month itself and Rakesh Jhunjhunwala was there at the event where akasa air was launched and that is of course something that perhaps his last public appearance that's right and one wonders what happens now.