Aviation Top Stories

Rakesh Jhunjhunwala recently ventured into the aviation industry with Akasa Air passes away at 62

Billionaire business magnate, stock trader, and investor Rakesh Jhunjhunwala passed away at the age of 62 on Sunday morning. Sources said he was brought dead to the Breach Candy Hospital in Mumbai at 6.45 am.

Rakesh Jhunjhunwala first entered the stock market with just Rs 5,000 in 1985. In its latest estimate, Forbes pegged his net worth to be around $5.5 billion.

Rakesh Jhunjhunwala recently ventured into the aviation industry with Akasa Air which took flight on August 7. Jhunjhunwala, apart from being an investor, was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. He was also among the directors of several Indian firms. He was also an advisor to the India’s International Movement to Unite Nations. (Source India Today)

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