Radhakishan Shivkishan Damani is an Indian business magnate and billionaire investor who founded Avenue Supermarts Limited. His investment firm Bright Star Investments Limited also manages his portfolio. On August 19, 2021, the Bloomberg Billionaires Index ranked him as the 98th richest person in the world.
The universe is like Radhakishan Damani, it always succumbs to a stubborn heart. He is a successful entrepreneur and investor. Radhakishan Damani is a Mumbai billionaire who owns DMart, the third largest large retail chain in India. Dalal Street is now ruled by a humble Mumbai businessman.
As of 2022, Radhakishan Damani is 67 years old. Radhakishan Damani was born in Bikaner, Rajasthan on 12 July 1954. His star sign is Cancer.
He studied commerce at Mumbai University for one year before dropping out.
His father is Shivkishanji Damani 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 started his career in the ball bearing industry as a stock trader. He had no interest in the stock market business before. However, his father's death forced him to enter the stock market. In the 1990s, he made money by short selling stocks. After the listing of HDFC Bank in 1995, Damani reportedly became the largest individual shareholder of the bank. After the Harshad Mehta scam was exposed in 1992, his income increased significantly due to the short selling profits at that time.
Radhakishan founded 'DMart' in 1999 as he had a thorough understanding of consumer product companies. Despite having little experience in similar industries, Radhakishan and Damodar Mall bought the franchise rights of Apna Bazaar, a cooperative organization 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 only one store, but with his success, he now has about 160 stores across the country. As of 2020, his net worth is $16.5 billion, which would make him the fourth richest person in India. On the list of world's billionaires, he is ranked 117th. With a net worth of $18.9 billion, he is ranked 87th on the 2022 Forbes World's Billionaires List
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 10 billion in Mumbai. He also owns a resort in Alibag and several other properties in India and abroad.
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