Akasa Air, which is backed by Rakesh Jhunjhunwala, was inaugurated on August 7.
As of August, 2022, his net worth was $5.8 billion. He invested via his firm Rare Enterprises. He is often referred to as India's Warren Buffett.
Jhunjhunwala was India's 36th richest person in 2021 and 438th richest man in the world, so far in 2022, according to Forbes.
His portfolio includes companies like Star Health, Titan, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies, Tata Motors. Overall, he had stake in 47 companies at the end of June quarter.
