Rakesh Jhunjhunwala, Indian billionaire business magnate, a stock trader and investor, has passed away at the age of 62

Jhunjhunwala grew up in a Rajasthani family, in Bombay, where his father worked as a Commissioner of Income Tax

 He graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India

He had an estimated net worth of $5.5 Billion

Besides being an active investor, Jhunjhunwala was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd.

He was popularly referred to as the "Big Bull of India" and the "King of Bull Market", and was widely known for his stock market predictions and bullish outlooks

Akasa Air is an Indian airline co-founded by Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dubey.

May his soul rest in peace!