Rakesh Jhunjhunwala, Indian billionaire business magnate, stock trader and investor, passed away in Mumbai, on Sunday morning. He was 62.
Tributes immediately began pouring in to offer condolences and eulogies. These came from eminent personalities across the country, including politicians, sportsmen, businessmen, media personalities, etc.
Here are some of the tributes for the late billionaire:
Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti. pic.twitter.com/DR2uIiiUb7— Narendra Modi (@narendramodi) August 14, 2022
Anguished to learn about the passing away of Rakesh Jhunjhunwala Ji. His vast experience and understanding of the stock market have inspired countless investors. He will always be remembered for his bullish outlook. My deepest condolences to his family. Om Shanti Shanti.— Amit Shah (@AmitShah) August 14, 2022
When the world was going crazy over start up valuations, Rakesh Jhunjhunwala stuck to basic principles of cash flows and ultimately had the last laugh. Never met a more straight talking bull. Every few sentences there’d be a quotable quote. RIP RJ. You will be dearly missed.— Rahul Kanwal (@rahulkanwal) August 14, 2022
Shri Rakesh Jhunjhunwala is no more. Investor, bold risk taker, masterly understanding of the stock market, clear in communication- a leader in his own right. Fondly remember several conversations we’ve had. Had strong belief in India’s strength and capabilities. Condolences— Nirmala Sitharaman (@nsitharaman) August 14, 2022
Saddened to know about the demise of Shri Rakesh Jhunjhunwala ji.— Devendra Fadnavis (@Dev_Fadnavis) August 14, 2022
His contribution in Indian industry & economic development will be remembered forever.
Our deepest condolences to his family & admirers.
My humble tributes..
ॐ शान्ति🙏 pic.twitter.com/NFHQfd95Gp
Shocked by the sudden demise of seasoned Investor, Shri Rakesh Jhunjhunwala. He will be remembered for his contributions in business and industry. He was at the forefront of creating a culture of investing in Indian stock markets. Condolences to his family and many admirers.— Rajnath Singh (@rajnathsingh) August 14, 2022
Sh Rakesh Jhunjhunwala Ji was not only an astute businessman, but also passionately invested in India’s growth story. He will be remembered for giving India its new airline @AkasaAir after more than a decade. My deepest condolences to his family & loved ones.— Jyotiraditya M. Scindia (@JM_Scindia) August 14, 2022
I am saddened by the terrible news of the passing away of veteran investor, business magnate and stock trader Shri Rakesh Jhunjhunwala this morning. May the departed soul rest in eternal peace and may Prabhu Ram give strength to his family members and loved ones.— Jagat Prakash Nadda (@JPNadda) August 14, 2022
His last supper at my home in Gurgaon…a fine man and astute too a tee but what was most amazing was his empathetic side! RIP Rakesh Jhunjhunwala 🙏 pic.twitter.com/JeGwqqhZUZ— SUHEL SETH (@Suhelseth) August 14, 2022
RIP Rakesh Jhunjhunwala. A trader, investor and legend that inspired many. He played the short and long side, and made his peace with the market. He will be remembered fondly. Condolences to his family.— Deepak Shenoy (@deepakshenoy) August 14, 2022
OMG. Rakesh Jhunjhunwala ji was such a passionate patriot, financial genius with great sense of humour and a positive worldview. A visionary, a great human and a friend.— Vivek Ranjan Agnihotri (@vivekagnihotri) August 14, 2022
It’s a great loss to Bharat. ओम् शांति। https://t.co/4Ycx9GMh5V
Rakesh Jhunjhunwala: my school and college mate. One year my junior. Believed stock India was undervalued. He is right. Amazingly sharp in understanding financial markets. We spoke regularly, more so during Covid. Will miss you Rakesh!— Uday Kotak (@udaykotak) August 14, 2022
Sad news: Rakesh Jhunjhunwala, the larger than life billionaire investor , has passed away. RIP. Om shanti. 🙏 pic.twitter.com/haKDEvMQxP— Rajdeep Sardesai (@sardesairajdeep) August 14, 2022
Saddened to hear of the passing away of Shri Rakesh Jhunjhunwala, just days after launching his budget airline, Akasa Airline.— Priyanka Chaturvedi🇮🇳 (@priyankac19) August 14, 2022
He was not just bullish about the stock market but also about the nation.
My heartfelt condolences to his family, friends and colleagues.