Sep 13, 2021
By: BI India BureauBillionaire 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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Radhakishan Damani’s net worth has touched $19.3 billion, growing $4.41 billion so far this year.
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In 2020, he became the fourth richest Indian with a net worth of $16.5 billion.
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Radhakishan Damani is a known value investor. Big Bull Rakesh Jhunjhunwala refers to him as his Guru.
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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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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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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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The billionaire investor’s portfolio is managed through Bright Star Investment Limited.
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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.
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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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