Top 5 Richest Stock Market Investors of India & Their Net Worth in 2022
To some, the stock market will always be a dangerous endeavour. If you play your cards well, it is unquestionably one of the most successful methods to invest your money. Some males in the country have an uncanny understanding of how the stock market works and trends. With each well-thought-out gamble, these stock market investors have grown their little riches into substantial net worths. And if you think that stories of money being doubled only happen in movies, think again. These individuals have done it multiple times during their careers. It should be noted, however, that these males are not ranked in any way.
5 of India's wealthiest stock market investors and their net worth
1. Rakesh Jhunjhunwala
Rakesh Jhunjhunwala now ranks as India's 48th richest man. He's renowned as the "Midas Touch" investor. Rakesh Jhunjhunwala, who is based in Hyderabad, began investing in stocks while still in college. He had only $100 to his name at the time, and the Bombay Stock Exchange had only 150 shares. The index is now above 34,000 points, and he trades billions of dollars in equities. In fact, Jhunjhunwala and his wife Rekha currently control Rare Enterprises, an asset management firm. In addition, he serves on the boards of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. He also serves on the boards of Prime Focus Limited and Geojit Technologies,Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited, and Tops Security Limited are among the companies that provide financial services. His largest investment, though, is $1.1 billion in the Titan Company. Rakesh Jhunjhunwala is often referred to be India's Warren Buffett.
Net worth: ₹16,627 crore
2. Radhakishan Damani
Radhakishan Damani is not only one of India's top stock market investors, but also one of the country's top ten wealthiest individuals. He is, in fact, one of the few billionaires whose fortunes expanded throughout the shutdown. Radhakishan Damani, the creator of the grocery chain D-Mart, is known for keeping a low profile. In 2002, he built his first store in Mumbai's Powai neighbourhood, and he hasn't looked back since. Damani climbed the corporate ladder fast after his IPO in March 2017 and became India's retail king. Damani now prefers to invest his vast fortune in long-term investments that will last at least five to ten years.He owns blue-chip equities such as VST Industries, a British American Tobacco subsidiary. He owns 26% of this company and has also made investments in companies like Bright Star Investments Private Limited. 3M India, Bluedart, India Cements, Sundaram Finance, TV Today, Advani Hotels, Tv18, and other blue-chip stocks in his portfolio.
Net worth: ₹1,29,228 crore
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3. Raamdeo Agrawal
Raamdeo Agrawal is another businessman who has made a fortune through the stock market. He is the co-founder and joint Managing Director of Motilal Oswal, a financial services organisation. Agrawal, who is based in Mumbai, is a well-known stock market player. Agrawal, a Chartered Accountant, is a voracious reader and the author of two books, Corporate Numbers Game and The Art of Wealth Creation. In several interviews, he has stated that there is just one formula that has helped him select superior stock. This formula is based on four factors: management/business quality, earnings growth, quality and growth longevity, and finally, price. According to Trendlyne, as of March 2020, Agrawal openly owns two stocks with a net worth of over Rs. 1,037.8 crore. One belongs to Motilal Oswal, while the other is owned by Maharashtra Scooters, a subsidiary of Bajaj Holdings and Investments Limited (BHIL), which produces Hero Honda motorcycles.
Net worth: ₹7,557 crore
4. Porinju Veliyath
Porinju Veliyath is the founder of Equity Intelligence India Private Limited, a fund management firm situated in Cochin, Kerala. He began his career as a floor trader with Kotak Services in 1990. Veliyath is well-known for dealing in tiny market cap equities, or stocks of smaller enterprises. Geojit Securities, on the other hand, was the stock that led him to his pot of gold. He bought this company's stock when it was still in the single digits, and it has risen steadily over the subsequent two decades, reaching a high of $2500 in 2015. Apart from that, Trendlyne claims Veliyath owns shares in Duroply Industries Ltd., Raunaq EPC International Ltd, Emkay Global Financial Services Ltd, BCL Industries Ltd. and Palash Securities Ltd.
Net worth: ₹16.6 crore
5. Dolly Khanna
Even though the stocks are purchased under Dolly Khanna's name, all of the transactions are handled by her husband Rajeev. This IIT Madras graduate is recognised for betting on lesser-known stocks that do exceptionally well on the stock market. The duo has been investing in the stock market since 1996 and favours manufacturing, textile, and chemical stocks. Rajeev started an ice cream company called Kwality Milk Products in 1986, but sold it to Hindustan UniLever in 1995. Khanna bought shares in Fem bleach, Hawkins Cookers, and Nutralite butter between 2003 and 2008. According to the Economic Times, Khanna lost 75% of their fortune when the market plummeted in 2008. By the time the market recovered the following year, the couple had recouped their investment. NOCIL Ltd., Rain Industries Ltd., Butterfly Gandhimathi Appliances Ltd., Nilkamal Ltd., and Muthoot Capital Services are among the companies in his portfolio today. According to Trendylne's March 2020 statistics, only the first two gave him any results.
Net worth: ₹64.9 crore
