A really sad and heartbreaking news coming in from the Indian finance sector ladies and gentlemen.
As per the latest media reports in Hindustan Times and NDTV, India’s billionaire investor Rakesh Jhunjhunwala was rushed to Breach Candy Hospital after he unfortunately suffered a cardiac arrest. He was reportedly declared dead on arrival by the hospital authorities. He was reportedly discharged by the same hospital a few weeks back after being treated for kidney-related issues.
For the unversed, the veteran trader cum-investor was known as the ‘Big Bull of Dalal Street’ and has a net worth of $5.5 billion according to Forbes. He was also the promoter of India’s new airline Akasa Air that took to the skies last week itself. He was already suffering from multiple health issues and was seen on a wheelchair at the launch of Akasa Air. He was also dubbed as India’s very own Warren Buffet who was mostly bullish about the country’s stock market.
Our sincere condolences to the entire family of the lost soul and may the departed soul rest in peace. For updates, stay tuned to IWMBuzz.com