Billionaire investor Radhakishan Damani entered the elite club of the world’s one hundred richest men and women yesterday with his net worth soaring to $19.3 billion. According to Bloomberg Billionaires Index, Radhakishan Damani’s net worth has jumped $4.41 billion so far this year, producing him the 97th richest particular person in the world and the sixth Indian billionaire to enter the prime one hundred club. Radhakishan Damani is a recognized worth investor, whom Big Bull Rakesh Jhunjhunwala calls his guru. The promoter of retail hypermarket chain Avenue Supermarts, Radhakishan Damani has pocketed wholesome returns from several stocks more than the years. So far this year, the ace investor has seen 5 of his stocks surge more than 30%.
Radhakishan Damani’s Avenue Supermarts (DMart) is his biggest holding by worth. Being the promoter of Avenue Supermarts, Radhakishan Damani owns a 65.2% stake in the business along with his family members, valued at roughly Rs 1.54 lakh crore. So far this year, Avenue Supermarts’ share cost has jumped 31%. On January 1, the stock was trading at Rs 2,789 per share, and on yesterday’s closing, it was up at Rs 3,649 apiece. The majority of gains recorded by Radhakishan Damani’s net worth in 2021 have come from his stake in Avenue Supermarts.
The billionaire investor has been a shareholder in Sundaram Finance for more than half a decade now. Radhakishan Damani has invested in the business via his business, Bright Star Investments. The business holds a 2.4% stake in Chennai-based Sundaram Finance. The worth of Radhakishan Damani’s 2.4% stake in the business, at yesterday’s closing cost, is Rs 634 crore. In 2021 so far, Sundaram Finance share cost has surged 33.7% to now trade at Rs 2,460 per share.
The Tata Group business is also one that has helped Radhakishan Damani pocket wise returns in 2021. Radhakishan Damani owns a 1.52% stake in Trent via his business Derive Trading and Resorts. Trent is the retail unit of Tata Group, operating Westside, Zudio, Start, and Landmark — 4 formats of retail outlets providing style, groceries, and entertainment. The worth of Radhakishan Damani’s stake in the business is pegged at Rs 488 crore. The stock cost of Trent has gapped 33.51% so far this year and now sits at Rs 900.75 per share.
Radhakishan Damani trimmed his stake in Blue Dart Express through the earlier quarter, booking partial earnings just after the rally in the stock. Blue Dart Express share cost has soared 42% so far this year. The billionaire investor holds a 1.7% stake in the business, valued at Rs 230 crore.
Metropolis is yet another firm exactly where Radhakishan Damani trimmed his stake through the earlier quarter, just after a rally in the stock cost. The share cost of Metropolis Healthcare has zoomed 39% so far this year. The stock was trading at Rs 2015 per share on January 1 and at yesterday’s closing the stock was up at Rs 2,799 per share. With the support of the rally in Metropolis’ share cost, the worth of Radhakishan Damani’s stake in the business has soared to Rs 229.7 crore.