Radhakishan Damani

$15.39 B

Ranked #176 in World

About Radhakishan Damani

Radhakishan Damani, the Indian billionaire, lauded as the Retail King, helms Avenue Supermarts Limited. With an impressive net worth stated at US$18.3 billion by Bloomberg and $17 billion by Forbes, he is a prominent figure in India’s commerce ecosystem. This Mumbai-bred magnate, originating from a Maheshwari Marwari family, ventured into the stock market, amassing considerable wealth, notably during the 1992 Harshad Mehta Scam. Damani transitioned from brokerage to retail with the inception of the DMart chain, and as of 2023, he sits on a stock portfolio worth ₹178,572.4 crore. A married father of three, Damani's strategic investments span across sectors.

Born

January 01, 1955

Age

71 years

Source Of Wealth

Retail, Investments

Industries

Fashion & Retail

Citizenship

India

Residence

Mumbai

Radhakishan Shivkishan Damani, the Indian billionaire businessman and investor, was born into a Maheshwari Marwari Hindu family in Mumbai. He pursued his studies in commerce at the University of Mumbai but decided to drop out after completing one year.

Radhakishan Damani: Family

Radhakishan Damani is married and has three children.

Radhakishan Damani: Career Highlights

After his father's passing, Radhakishan Damani ventured into the stock market as a broker and investor. He gained significant profits through short-selling stocks during the 1990s and reportedly became the largest individual shareholder of HDFC Bank following its IPO in 1995. His income saw a substantial increase due to short-selling profits during the Harshad Mehta Scam in 1992.

Radhakishan Damani: Companies

Radhakishan Damani is the founder and chairman of Avenue Supermarts Limited, the company behind the popular retail chain DMart. He also holds stakes in various other companies, including VST Industries, India Cements, and Andhra Paper.

Radhakishan Damani: Major Achievements

Radhakishan Damani is widely recognized as the "Retail King of India" for his remarkable success in the retail industry. Under his leadership, DMart has grown from a single store in Powai in 2002 to a vast chain with over 250 stores across India. The company's initial public offering (IPO) in 2017 was a resounding success, further solidifying Damani's position as a prominent figure in the business world.

Radhakishan Damani: Awards & Achievements

Radhakishan Damani's contributions to the retail industry have been widely acknowledged and celebrated. He has received numerous awards and accolades, including the prestigious Padma Shri award from the Government of India in 2021 for his exceptional contributions to trade and industry.

Radhakishan Damani: Personal Life & Legacy

Radhakishan Damani leads a private life and is known for his simplicity and humility despite his immense wealth. He is deeply committed to philanthropy and has made significant contributions to various charitable causes, particularly in the areas of education and healthcare.

Radhakishan Damani: Trivia

Radhakishan Damani's publicly disclosed investment portfolio consists of 14 stocks, with a total value estimated at ₹178,572.4 crore (US$22 billion) in 2023.

He is renowned for his astute investment strategies and is widely regarded as one of the most successful investors in India.

Wealth History

Timeline

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Radhakishan Shivkishan Damani was born into a Maheshwari Marwari Hindu family in Mumbai, India.

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Damani studied commerce at the University of Mumbai but dropped out after one year.

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Damani became a stock market broker and investor after his father's death.

1990s

Damani made profits by short-selling stocks in the 1990s.

1992

Damani reportedly became the largest individual shareholder of HDFC Bank after its IPO.

1992

Damani saw a major rise in income due to short-selling profits during the Harshad Mehta Scam.

1999

Damani operated a franchise of Apna Bazaar but was unconvinced by its business model.

2000

Damani quit the stock market to start his own hypermarket chain, DMart.

2002

The first DMart store opened in Powai.

2010

The DMart chain had 25 stores and grew rapidly thereafter.

2017

The company went public.

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Damani holds stakes in various companies, including VST Industries, India Cements, and Andhra Paper.

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Damani publicly holds 14 stocks in his investment portfolio.

2023

The total value of Damani's stock portfolio was ₹178,572.4 crore (US$22 billion).

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Damani is married with three children.

Radhakishan Damani : FAQs

What is Radhakishan Damani's current net worth?

Radhakishan Damani's current net worth is $15.39 billion.

What is Radhakishan Damani's current global rank among billionaires?

Radhakishan Damani holds the 176th position globally among billionaires.

What is Radhakishan Damani's current ranking within the India?

Radhakishan Damani holds the 9th position in India.

What was the change in Radhakishan Damani's net worth compared to the previous year?

Radhakishan Damani's net worth decreased by 190.52 million dollars compared to the previous year 2025, when his net worth was 15.58 billion dollars.

What is the recent change in Radhakishan Damani's net worth?

Radhakishan Damani's net worth increased by 562.63 million dollars recently, a 3.66% increase, with his net worth standing at 15.39 billion dollars.

What are Radhakishan Damani's main sources of wealth?

Radhakishan Damani's main source of income comes from Retail, Investments.

In which industry does Radhakishan Damani primarily operate?

Radhakishan Damani is primarily involved in the Fashion & Retail industry.

How old is Radhakishan Damani?

Radhakishan Damani is 71 years old.

How many children does Radhakishan Damani have?

Radhakishan Damani has 3 children.

What can you tell us about Radhakishan Damani's early life and his entry into the stock market?

Radhakishan Damani was raised in a Maheshwari Marwari Hindu family in Mumbai. He enrolled in commerce at the University of Mumbai but dropped out after a year. Following his father's death, he became a stock market broker and investor, gaining significant profits from short-selling during the Harshad Mehta scam in 1992.

How did DMart come to be and what is its current status?

Radhakishan Damani initially operated a franchise of Apna Bazaar in 1999 but left due to dissatisfaction with the business model. He then founded DMart, opening the first store in Powai in 2002. The chain had 25 stores by 2010 and has since seen rapid growth, going public in 2017.

What are some of the key investments made by Radhakishan Shivkishan Damani?

Radhakishan Damani holds stakes in several companies such as VST Industries, India Cements, and Andhra Paper. He publicly holds 14 stocks in his investment portfolio, with a total value of ₹178,572.4 crore (US$22 billion) in 2023.

Could you share some details about Radhakishan Damani's personal life?

Radhakishan Damani is married and a father of three children. Despite his significant wealth and business accomplishments, he maintains a low profile in his personal life.