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Sole Indian Tycoon To See Profits Amid COVID-19 Outbreak
By: Tupaki Desk | 8 April 2020 12:00 PM GMT
The novel coronavirus originated from the Wuhan province of China has resulted in the crashing of the international markets, as a result, many businessmen and tycoons witnessed a huge loss due to this.
Even Mukesh Ambani, who was Asia's richest also gone through a huge loss with the pandemic. Lockdown in the country added to the situation as the shopping malls and other shops were also closed.
But leaving everyone in a deep shock, Radhakishan Damani managed to become the only Indian tycoon to face profits amid the coronavirus spread. With this, he also made it to the 12 richest Indians Billionears.
The information given by the Bloomberg Billionaires Index states that the net worth of Avenue Supermarts Ltd, of Radhakishan Damani, increased by 11% for this year which is $10.7 billion even though lockdown is applied.
His supermarket's chain played a crucial role in achieving this great feat even though fellow tycoons went through huge losses.
Even Mukesh Ambani, who was Asia's richest also gone through a huge loss with the pandemic. Lockdown in the country added to the situation as the shopping malls and other shops were also closed.
But leaving everyone in a deep shock, Radhakishan Damani managed to become the only Indian tycoon to face profits amid the coronavirus spread. With this, he also made it to the 12 richest Indians Billionears.
The information given by the Bloomberg Billionaires Index states that the net worth of Avenue Supermarts Ltd, of Radhakishan Damani, increased by 11% for this year which is $10.7 billion even though lockdown is applied.
His supermarket's chain played a crucial role in achieving this great feat even though fellow tycoons went through huge losses.
