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Hello, you are watching BSNL and I am with you Vishal Sharma. Rakesh Jhunjhunwala, a name associated with the stock market, is a name that not everyone in the market knows. He passed away on this day last year. Rakesh Jhunjhunwala, who started his business with Rs 5,000 in 1985, was the owner of Rs 46.8000 crore.
Today, on his death anniversary, everyone is paying tribute to him. Akash and Akash shared a touching post on ExCom, known as Twitter. In the post, Akash shared a heartfelt message about Rakesh Jhunjhunwala. Today, we honor and remember the life of a visionary, a great leader, and a true legend, the late Mr.
Rakesh Jhunjhunwala. As we mark the anniversary of his passing, we reflect on the indelible mark he left on India's progress and his lasting impact on generations to come. Mr. Jhunjhunwala was a true believer in India's resilience and he used Akash and his services to support India's ongoing economic transformation.
He saw him serve the nation by building links. He instilled the potential that enables Akash to deliver on our ambitious roadmap. We cannot thank him enough for believing so early and trusting us to build a world-class airline. Jhunjhunwala possessed an invincible spirit. He was deeply passionate about everything Indian and cared deeply for the well-being of our employees and customers.
We will always honor his legacy, values, and trust in us by striving to run a truly outstanding airline. In 2022, Rakesh Jhunjhunwala entered the aviation sector with Akash Airlines. Jhunjhunwala invested $35 billion, or approximately ₹218 crore, in Akash Airlines. Jhunjhunwala and his wife held a total stake of over 40% in this airline.
At the launch of Prakash Aurora, he had said that many people have questions about why I started an airline. To answer their question, I would simply say that I am ready to fail. It is better to try and fail than not to try at all. From ₹5,000 in 37 years The Big Boss of the Indian stock market, who built a fortune of ₹49,000 crore and India's Warren Buffett, died of a heart attack on August 14, 2022, at the age of 62.
Since his death, his wife Rekha Jhunjhunwala has been managing his fortune. With a net worth of ₹49,000 crore, Rekha Jhunjhunwala is ranked 446th on the Forbes list. In Jhunjhunwala's family, besides his wife Rekha, he also has daughter Nishtha and sons Aryaman and Aryabhan Jhunjhunwala. Now, before leaving, it is important to know what Rakesh had to say about weather, death, and the market.
General Jhunjhunwala used to say that there is no king of the stock market, the market itself is king. And you know, the market is like women, always commanding, always uncertain, always unstable. You can never truly dominate a woman, nor can you be a heavyweight on the market. You can never predict weather, death, or the market.
We pay our sincere tribute to Rakesh Jhunjhunwala. Stay tuned for more news. Stay
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