Radhakishan Damani’s net worth
Current Net Worth – $21.8 Billion (USD – 2,180 Crores), (Rupees – 1.82 Lakhs Crores)
Table of Contents
Radhakishan Damani short biography
| Net Worth | $21.8 BILLION |
|---|---|
| Born | January 1954 (Age – 68) |
| Identified as | Founder of DMart |
| Status | Businessman, investor |
| Nationality | Indian |
| Residence | Altamount Road, Mumbai |
| Spousal Status | Married |
| Children | 3 daughters (Manjri Chandak, Jyoti Kabra, & Madhu Chandak) |
Radhakishan Damani has a net worth of $21.8 Billion (USD – 2,180 Crores), (Rupees – 1.82 Lakhs Crores), making him one of the top richest men in India.
He is an Indian billionaire businessman and a successful investor.
He established Avenue Supermarts Limited, (DMart) in 2002, an Indian chain of huge market stores in India, with its very first branch in Powai’s Hiranandani Gardens.
It is a Mumbai-based retailer serving low-cost consumer products.
He oversees his portfolio through Bright Star Investments Limited, his Investment firm.
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Radhakishan Damani biography
| Full Name | Radhakishan Damani |
| Birthplace | Mumbai, India |
| Height | 5.3 feet, 162 cm |
| Weight | 72 Kg |
| Father | Shivkishanji Damani |
| Mother | N/A |
Radhakishan Damani was born in January 1954, into an Indian Marwari family. His dad, Shivkishanji Damani, was likewise engaged in share market business. He has a sibling named Gopikishan.
Damani was lived in a single-room property in Mumbai. He considered studying at Mumbai University to pursue Bcom but slipped after a year to begin his career in business.
Career
His father worked on Dalal Street and after his father died, Damani also tried to break into his father’s profession and succeeded, as he quit his business to become a stock market broker and investor.
He profited from Harshad Mehta’s ill-fated short-selling stocks in the 1990s.
After the HDFC Bank went public in 1995 Damani is recorded as the largest shareholder individual.
In the year 1992, after the Harshad Mehta scam brought in headlines, Damani noticed a massive increment in his income due to short-selling shares.
In 1999, he operated a franchise of Apna Bazaar, a communal branch store in Nerul, but he had no interest in it, as its business structure was inconvenient.
In 2002, he has started his supermarket chain, DMart by setting up their primary store in Powai, after quitting from the share market.
Till 2010, the chain builds up to 25 stores, post-which the company grew rapidly and went public in 2017. Today they have reached around 214 DMart stores all over India.
Damani keeps himself down-to-earth, despite his immense fortune, and rarely gives an interview because of his involvement with Harshad Mehta.
He has also taught his stock trading techniques to Indian billionaire, and successful investor Rakesh Jhunjhunwala.
Private & early life
Damani is at stake in a wide range of companies like Spencer’s Retail Limited to Metropolis Healthcare Limited.
He has acquired 4.91 lakh value equity shares or 1.3% stack of Kalyani Group in BF Utilities during the quarter ended on June 30, 2020, and by his lucky charm, the shares of BF Utilities jumped 10% to Rs. 220.95 on BSE.
As per the latest corporate stake filed, Damani is keeping up more than 20 shares in his portfolio of around Rs. 125,923 crore.
As of September 2020 with the Bombay Stock Exchange, a 60% stake credential to him is held by a promoter committee.
He additionally holds the stake of Mumbai-based Bright Star, which he claims with his better half and 3 trusts in his kids’ names.
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D-Mart
The public markets corporation specializes in food, apparel, and other consumer products in more than 200 D-Mart shops all over India.
It achieved a comprehensive income of 249 million rupees ($3.5 billion) for the year ended March 31, 2020.
Some shares held by Radhakishan Damani
- Avenue Supermarts Ltd.
- Simplex Infrastructures Ltd.
- Sundaram Finance Holdings Ltd.
- United Breweries Ltd.
- VST Industries Ltd.
- Spencer’s Retail Ltd.
- Mangalam Organics Ltd.
- Prozone Intu Properties Ltd.
- Trent Ltd.
- Blue Dart Express Ltd.
- Sundaram Finance Ltd.
- 3M India Ltd.
- Kaya Ltd.
- Astra Microwave Products Ltd.
- Andhra Paper Ltd.
- India Cements Ltd.
- Foods & Inns Ltd.
- Jubilant Foodworks Ltd.
- BF Utilities Ltd.
- Metropolis Healthcare Ltd.
This is the record of the stocks from Radhakishan Damani’s portfolio, giving rise to his net worth day by day.
Net worth statistics
- March 2017 – $2.3 B
- March 2018 – $10.0 B
- March 2019 – $11.1 B
- April 2020 – $13.8 B
- April 2021 – $19.3 B
- April 2022 – $20 B
- April 2023 – $15.3 B
- April 2024 – $17.6 B
Radhakishan Damani Quote
“Stay yourself invested for a long-time.”
– Radhakishan Damani
