Rakesh Jhunjhunwala, who passed away at the age of 62 on Sunday morning, suffered a “sudden cardiac arrest” which caused his death, Dr Pratit Samdani of Breach Candy Hospital in Mumbai said in an official statement.
The statement also said that the billionaire investor was suffering from chronic kidney disease and was on dialysis. He was unwell for the past few days and breathed his last in Breach Candy Hospital in Mumbai.
“Rakesh Jhunjhunwala had a sudden cardiac arrest which was the cause of his death. He was also suffering from chronic kidney disease, was on chronic dialysis and was responding well. He was diabetic and had recently undergone an angioplasty,” Samdani said in the statement.
Jhunjhunwala, dubbed ‘India’s own Warren Buffet’, was born on July 5, 1960. By profession, he was a chartered accountant and got attracted to stock market trading and investment very early in his life.
PM Narendra Modi, Finance Minister Nirmala Sitharman, Union Commerce Minister Union Home Minister Amit Shah, and others tweeted their condolences on Jhunjhunwala’s demise. He was brought to Mumbai’s Candy Breach Hospital at 6:45 AM in the morning and was declared dead. Jhunjhunwala is survived by his wife Rekha, two sons, and a daughter.
He had recently teamed up with ex-Jet Airways CEO Vinay Dube and former IndiGo head Aditya Ghosh to launch Akasa Air – which took to the skies last week. He was seen on a wheelchair at the launch of Akasa Air.
In a statement, Akasa Air condoled Rakesh Jhunjhunwala’s death and said that he cared greatly for the well-being of its employees and customers. “Akasa Air will honour his legacy, values and belief in us by striving to run a great airline,” the statement said.
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