End of an Era: The 'Big Bull' Rakesh Jhunjhunwala passes away at 62

As of August, 2022, his net worth was $5.8 billion. He invested via his firm Rare Enterprises

Veteran stock market investor Rakesh Jhunjhunwala has passed away at the age of 62 in Mumbai. Jhunjhunwala, over the years, invested in many well-known and established companies, and also in upcoming startups.

Often referred to as India's Warren Buffett, and the Big Bull of Indian markets, 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 is backed by Rakesh Jhunjhunwala, was inaugurated on August 7.

Jhunjhunwala was India's 36th richest person in 2021 and 438th richest man in the world, so