Radhakishan Shivkishan Damani is an Indian business magnate and billionaire investor who founded Avenue Supermarts Limited. His investment company, Bright Star Investments Limited, also manages his investment portfolio. On August 19, 2021, the Bloomberg Billionaires Index ranked him as the 98th richest person in the world.
A universe like Radhakishan Damani always succumbs to a stubborn heart. The man is a successful entrepreneur and investor. Radhakishan Damani is a Mumbai-based billionaire who owns DMart, the third largest retail chain in India. Dara Street is now ruled by a modest Mumbai businessman.
As of 2022, Radhakishan Damani’s age is 67 years old. Radhakishan Damani was born on July 12, 1954 in Bikaner, Rajasthan. His zodiac sign is Cancer.
He studied commerce at Bombay University for a year and then dropped out.
Shivkishanji Damani is his father who also works in the stock market. Gopikishan Damani is his brother. Radhakishan is married to Shrikantadevi Radhakishan Damani and has three daughters. Their daughter Manjri is the manager of ‘DMart’.
He began his career as a stock trader in the ball bearing industry. He has previously expressed no interest in stock market business. However, his father’s death forced him to enter the stock market. In the 1990s, he made money by shorting stocks. According to reports, Damani became the largest individual shareholder of HDFC Bank after its listing in 1995. After the Harshad Mehta scam was exposed in 1992, his income increased significantly due to short selling profits at the time.
Radhakishan founded ‘DMart’. in 1999 because he had a thorough understanding of consumer products companies. Lacking experience in a similar profession, Radhakishan and Damodar Mall purchased a franchise from Apna Bazaar, a cooperative established in 1948 in Mumbai.
Two years later, Radhakishan decided to launch ‘DMart’ and take over ‘Apna Bazaar’. When D-Mart first opened in Mumbai in 2002, he had just one store, but with his success, he now has about 160 stores across the country. By 2020, his net worth will reach $16.5 billion, making him the fourth richest person in India. He is ranked 117th on the list of global billionaires. He ranks 87th on Forbes’ 2022 list of the world’s billionaires with a net worth of $18.9 billion
Radhakishan Damani’s net worth is estimated at $21.3 billion. He owns Audi, BMW and Rolls-Royce cars. Radhakishan Damani lives in a mansion worth INR 1,000 crore in Mumbai. He also owns a resort in Alibag and many other properties in India and abroad.
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