As per Forbes, he had an estimated internet price of $5.5 Billion (as of July 2022) making him the thirty sixth richest man in India. A mentor and inspiration to many Indians leaves for his heavenly journey. Condolences are pouring from market veterans, ministers and company leaders have.
Rakesh Jhunjhunwala believed in India and the sheer potential of the nation. This conviction led him to persistently make daring selections all through his life and profession. He had super regard for the Tata Group. Mr. Jhunjhunwala’s passing is an irreparable loss and we prolong our deep condolences to his household and mates. -N Chandrasekaran, Chairman, Tata Sons
Gautam Adani tweeted saying Extraordinarily saddened by the premature passing away of essentially the most legendary investor that India has had. Shri Jhunjhunwala impressed a whole era to consider in our fairness markets together with his sensible views. We’ll miss him. India will miss him however we’ll always remember him. RIP
We’re deeply saddened by the premature demise of Mr. Rakesh Jhunjhunwala this morning. Our ideas and prayers are with Mr. Jhunjhunwala’s household and mates. Might his soul relaxation in peace. We at Akasa can not thank Mr. Jhunjhunwala sufficient for being an early believer in us and placing his belief and religion in us to construct a world-class airline. Mr. Jhunjhunwala had an invincible spirit, was deeply keen about every little thing Indian and cared significantly for the well-being of our workers and clients. Akasa Air will honour Mr. Jhunjhunwala’s legacy, values and perception in us by striving to run an amazing airline.