Billionaire investor and DMart founder Radhakishan Damani is now among world’s 100 richest people

Sep 13, 2021

By: Kritti Bhalla

Radhakishan Damani among top 100 richest

Billionaire investor Radhakishan Damani has entered the elite club of the world’s 100 richest people. He now sits at the 97th spot.

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Networth grew $4.41 billion in 2021

Radhakishan Damani’s net worth has touched $19.3 billion, growing $4.41 billion so far this year.

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Was fourth richest Indian in 2020

In 2020, he became the fourth richest Indian with a net worth of $16.5 billion.

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Even big bulls call him guru

Radhakishan Damani is a known value investor. Big Bull Rakesh Jhunjhunwala refers to him as his Guru.

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The role in DMart

Damani is the founder of Indian retail chain DMart. He, along with its family members, owns 65.2 percent stake in the company, which is valued at 2.57 lakh crore.

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DMart, the biggest driver of Damani’s wealth

The majority of gains recorded by Radhakishan Damani’s net worth in 2021 have come from his stake in Avenue Supermarts (DMart). DMart’s shares have grown 83 percent this year to date.

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​Damani’s big bets

The billionaire investor’s portfolio includes Avenue Supermarts (DMart), Trent, Sundaram Finance, Blue Dart Express, Metropolis Healthcare, 3M India and Andhra Paper Limited.

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Damani’s investment vehicle

The billionaire investor’s portfolio is managed through Bright Star Investment Limited.

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Sundaram Finance been in Damani’s portfolio since 2016

Radhakishan Damani has been a shareholder in Sundaram Finance for more than half a decade now. He holds 2.4 percent stake in the company.

Credit: Sundaram-Finance

​Reevaluating deals

In the first half of 2021, Damani trimmed his shareholdings in Blue Dart and Metropolis Healthcare to 1.68 percent and 1.61 percent, respectively.

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