Radhakishan Damani beats coronavirus crisis as net worth soars 11%

Shares of Avenue Supermarts, which contribute nearly all of the wealth to Damani's net worth, have advanced 24 per cent this year.

The Indian tycoon whose net worth surged the most among peers as the deadly coronavirus roils markets worldwide can thank nation’s hoarders with millions scrambling to stock up on staples amid the world’s biggest isolation effort.

The net worth of Radhakishan Damani, who controls Avenue Supermarts, has surged almost 11 per cent this year to $10.7 billion, singling him out as the billionaire with most gains among the 12 richest Indians whose wealth is tracked by the Bloomberg Billionaires Index.

Shares of Avenue Supermarts, which contribute nearly all of the wealth to Damani’s net worth, have advanced 24 per cent