New Delhi: D Mart founder Radhakishan Damani has become the second richest person in the country after Mukesh Ambani. In the Forbes Real Time Billionaire Index, he has surpassed businessmen like Shiv Nadar, Uday Kotak, Gautan Adani. His total assets are $ 17.9 billion.
On February 14, Radhakishan Damani’s assets increased by a total of $ 96 million (675 crore). Mukesh Ambani has total assets of $ 57.9 billion. The Damani family announced the sale of a 2.28 per cent stake in Avenue Supermart. On Friday, the company’s share price reached an all-time high of Rs 2599.
Lakshmi Mittal has total assets of $ 13.10 billion, Gautam Adani has total assets of $ 10.90 billion and Sunil Mittal has total assets of $ 9.62 billion.
Avenue Supermart was listed on 21 March 2017 and the company’s market cap at that time was 39988 crore. On 14 February, the company’s market cap reached 1.60 lakh crore. In the last three years, the company’s stock has registered a growth of 290%.
The company’s stock has soared 35% so far this year. If an investor had bought a share of Rs 1 lakh crore during the IPO of the company in March 2017, its value would have been 8.31 lakh crore on Monday.