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Introduction About Radhakishan Damani
The name Radhakishan Damani is taken with respect and admiration in the Business world owing to the reputation he has gained through all these years of sheer hard work and patience.
Best known for his Market Chain, D-Mart, Mr. Radhakishan Damani is one of those self-made billionaires in the world who are here to inspire millions.
Net Worth & Salary of Radhakishan Damani in 2022
The net worth of Mr. Radhakishan Damani is $15.4 Billion, the 5th largest in India.
“The retail King of India” adds about 1 Billion to his riches every year with the majority of his money coming from his Avenue market chain, D-Mart.
Early Life & Biography of Radhakishan Damani
The business tycoon was not born a billionaire as he was born in a middle-class family in Bikaner, Rajasthan on 15 August 1954. His father was a stockbroker, so it won’t be wrong to give him a part of the credit for Radhakishan’s success.
Belonging to a business background, Radhakishan Damani was forced into joining B.Com. for the degree, though he was not interested at all in the beginning. Later, he used it instead as an opportunity to learn more about how business works and mastered the art of investment.
But this didn’t seem to keep Radhakishan hooked for long as he dropped out in the second year to focus more on what intrigued him the most.
| Name: | Radhakishan S. Damani |
| Gender: | Male |
| Age: | 67 Years Old |
| Birth Date: | 15 August 1954 |
| Birth Place: | Bikaner, Rajasthan |
| Nationality: | Indian |
| Height: | 1.60 m |
| Sexual Orientation: | N/A |
| Marital Status: | Yes |
| Wife/Spouse (Name): | Srikantadevi Radhakishan Damani |
| Children/Kids (Son and Daughter): | 3 |
| Dating/Girlfriend (Name): | N/A |
| Profession: | Businessperson, Investor, Manager |
| Yearly Income: | $1 Billion |
| Net Worth in 2022 | $15.4 Billion |
| Content Last Updated: | April 2022 |
Personal Life of Radhakishan Damani
Popularly known as Mr. White for a reason, Mr. Damani believes in the philosophy of “simple living and high thinking.” Hence, he tries to stay as distant as possible from the public eye.
This is the reason why not much about his personal life is out in public, except for the fact that he is married to Srikantadevi Radhakishan Damani and the couple has been together since then.
They have three very amazing children who are all set to walk in their father’s footsteps.
Career of Radhakishan Damani
After dropping out of college and leaving the ball-bearing job that he used to run earlier, Radhakishan entered the streets of stock marketing and started short selling stocks which bagged him a lot of money.
On a sarcastic note, it was Harshad Mehta who made the job easier for Damani as he earned the profits by short-selling stocks that were once inflated by Harshad Mehta by illegitimate means.
However, Radhakishan is not a man of limitations, as soon as he found out that he has earned enough money to invest further, he started putting his own money in the stock market and the decision was not wrong. It gained Radhakishan a lot of money as well as provided him with a drive to work even harder.
However, the end of the 20th century had a different plan for Damani as 1999 came as a turning point in his life for he left the stock market suddenly and decided to venture into something different.
In the same year, Radhakishan launched his first department store in Nerul, named Apna Bazaar, but this didn’t seem to match Radhakishan’s aspirations to the fullest.
To learn more about the business models, Radhakishan went to the US and observed the business model of Walmart closely which helped him gain a better knowledge of the retail industry.
Following his instinct, Radhakishan stepped into the retail industry with his own retail chain, D-Mart in 2000. The first store of D-Mart was established in Powai which saw rapid growth and within a time span of 10 years, the chain had 25 stores across India.
However, this was just the beginning of Radhakishan’s journey to the Billionaire-club. In today’s time, Radhakishan Damani is the proud owner of 234 retail stores across India.
Radhakishan’s success story is enough to keep an entrepreneur hustling, but the intentions of Mr. Damani are here to fill a human’s heart with respect and admiration. His intention behind coming up with D-Mart was in fact to serve the customers with high-quality products at low costs. This is the reason why Mr. Damani keeps his profit margin to the minimum.
No wonder, “God helps those who help others.”
Awards & Achievements of Radhakishan Damani
Trophies can barely weigh the value of a person who has reached heights of success to an extent that he became the 2nd richest person in India after working tirelessly for decades.
He reached this milestone in 2020 while ranked 96th on the Global rich-list.
Major Investments and Assets of Radhakishan Damani
As not much about Mr. Damani is out there in public, it is tough to estimate the properties and assets he possesses. But according to some trustworthy sources, Mr. Damani and his family reside in a $13 million mansion in Mumbai.
Of course, as an investment tycoon, Mr. Radhakishan has invested in several huge companies. The list includes companies like Blue Dart Express, VST Industries, India Cements Ltd., and many more. Radhakishan is also believed to be the largest shareholder of HDFC Bank in 1995.
By 2021, Radhakishan’s stock value reached the milestone value of $13 billion.
Must Watch Latest Video and Trending Photographs of Radhakishan Damani
Here is a video of one of the rare public appearances of Mr. Damani.
Instagram Handle of Radhakishan Damani
Mr. Radhakishan Damani is not officially on Instagram yet.
Twitter Handle of Radhakishan Damani
Mr. Radhakishan Damani is not officially on Twitter yet.
