According to the Bloomberg Billionaires Index, Avenue Supermarts owner Radhakishan Damani is now one of the world’s 100 richest individuals. Damani is now ranked 97th on the list, with a net worth of $19.3 billion dollars.
According to the index, his net worth has grown by $4.41 billion this year. Mukesh Ambani, Gautam Adani, Lakshmi Mittal, Azim Premji, Shiv Nadar, and Pallonji Mistry are some of the other Indians on the list. A value-oriented investor in the 1990s, the millionaire went on to invest in his own retail firm, including the iconic DMart brand.
As a result of Avenue Supermarkets’ stock price increases, Damani’s net worth has risen dramatically. Since the beginning of the year, the stock has risen by 32 percent. Nevertheless, The Economic Times stated that Avenue Supermarkets has seen the majority of its growth in the previous three months.
In anticipation of the second Covid wave, several investors have invested in Avenue Supermarts. When he’s not working on DMart, RK Damani continues to make investments in his own name.