Veteran Indian investor Rakesh Jhunjhunwala has passed away at the age of 62. He was suffering from various health issues including kidney disease. According to sources, he was brought to the Candy Breach Hospital, Mumbai at 6:45 AM on Sunday, where he was declared dead by the doctors.

Regarded as “India’s Warren Buffet” and “Big Bull of Dalal Street”, Jhunjhunwala’s net worth was USD 5.8 billion. He was India’s 36th richest person and world’s 438th richest person, as per Forbes.

Rakesh Jhunjhunwala was both a trader and chartered accountant. His portfolio included companies like Star Health, Titan, Escorts, Canara Bank, Nazara Technologies etc.

Born in 1960, Rakesh Jhunjhunwala invested in many well established companies. He was chairman of Aptech and Hungama Media. He was also director of Concord Biotech, Provogue India, and Viceroy Hotels. Publicly, he was last seen in low-cost carrier Akasa Air’s launch. He invested via his firm Rare Enterprises. Prime Minister Narendra Modi has expressed grief after hearing the sad news.