Last updated on September 8th, 2024 at 02:57 pm
Radhakishan Damani Biography, Net Worth, Age, Stock Portfolio, and Financial Insights
Radhakishan Damani is a famous Indian investor and businessman. He is best known as the founder of the retail chain DMart. As of today, he is one of the richest people in India.
Early Life and Education
Radhakishan Damani was born on January 1, 1954, in a Marwari family in Bikaner, Rajasthan. He grew up in Mumbai, Maharashtra. His family ran a small business. Damani went to the University of Mumbai but dropped out after one year.
About Radhakishan Damani
| Attribute | Details |
|---|---|
| Age | 69 years |
| Date of Birth | 12 July 1955 |
| Net Worth | $2,200 crores USD (2024) |
| Source | Forbes |
| Children | Manjri Chandak, Madhu Chandak, Jyoti Kabra |
| Siblings | Gopikishan Shivkishan Damani |
| Parents | Shivkishanji Damani |
| Partner | Shrikantadevi Radhakishan Damani |
Career Beginnings
Damani started his career as a stockbroker in Mumbai. He learned about the stock market from his older brother. In the 1980s, he began to invest in stocks. He made a lot of money by investing in companies that were undervalued. Damani’s early investments included companies like VST Industries, India Cements, and many others.
Major Achievements and Contributions
In 2002, Radhakishan Damani started his retail business with the launch of DMart. The first DMart store opened in Powai, Mumbai. DMart grew rapidly due to its low-cost structure and wide range of products. Today, DMart is one of India’s largest and most successful retail chains. Damani’s business strategy focused on offering high-quality products at competitive prices. This approach attracted a large number of customers.
Damani’s investments in the stock market also made headlines. He invested in companies like HDFC Bank, 3M India, and Blue Dart Express. His smart investments made him one of the most respected investors in India.
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Investment Portfolio
Radhakishan Damani’s investment portfolio is diverse. It includes shares in various companies from different sectors. Some of his major holdings are in Avenue Supermarts (DMart), VST Industries, Sundaram Finance, and many others. Damani’s investment philosophy is simple: invest in companies with strong fundamentals and good management.
Net Worth
As of 2024, Radhakishan Damani’s net worth is estimated to be around $20 billion. In Indian rupees, this is approximately ₹1.6 lakh crore. His wealth mainly comes from his stake in DMart and other investments in the stock market. Damani’s net worth has grown significantly over the years due to his successful business ventures and smart investments.
Daily Income
Radhakishan Damani’s daily income is substantial. It is estimated that he earns around ₹10-15 crore per day. This income comes from the profits of his investments and the retail business.
Personal Life
Radhakishan Damani leads a private life. He is married and has three children. His son, Manjindar Damani, is involved in the family business. Damani is known for his humble lifestyle despite his immense wealth. He avoids media attention and rarely gives interviews.
Age and Milestones
Radhakishan Damani was born in 1954. As of 2024, he is 70 years old. Some key milestones in his life include:
- 1980s: Started investing in the stock market.
- 2002: Founded DMart.
- 2017: Avenue Supermarts went public, making him one of the richest men in India.
Legacy and Influence
Radhakishan Damani’s legacy is significant. He transformed the Indian retail industry with DMart. His success in the stock market serves as an inspiration to many investors. Damani’s story shows that with hard work and smart investments, anyone can achieve great success.
Radhakishan Damani Images
