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# 305 Gopikishan Damani 

$8.41B

Real Time Net Worth
as of 4/20/2024
$130.1M (1.55%)

# 305 Gopikishan Damani 

$8.41B

Real Time Net Worth
as of 4/20/2024
$130.1M (1.55%)
OccupationPartial Owner, D-Mart
Source of WealthRetail, Investments
Age66
ResidenceMumbai, India
Marital StatusMarried
Children2
Age-Adjusted Net Worth$5.60B
Gopikishan Damani
Gopikishan Damani
India
Net worth: $8.41B

Self-Made Score 

Wealth History

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Biography

Overview

Gopikishan Damani is the younger brother of billionaire Radhakishan Damani, known as India's retailing king.
He operates in the retail sector alongside his brother, controlling Avenue Supermart, the parent company of D-Mart, a prominent supermarket chain in India.
In 2021, Gopikishan Damani, along with his brother Radhakishan, purchased a house in south Mumbai for over $100 million.
Reportedly, in early 2023, the Damani brothers acquired 28 apartments in a luxury tower in mid-town Mumbai for $155 million.

Real Estate Investments

In 2021, the Damani brothers acquired India's costliest home, valued at Rs 1,001 crore.
The following year, in 2023, they executed India's most expensive real estate transaction, purchasing 28 luxury apartments valued over Rs 1,200 crore.
Their property portfolio includes assets like the Radisson Blu Resort in Alibaug, featuring 156 rooms.
Both brothers are renowned for their astute investment decisions and have amassed substantial wealth through strategic real estate acquisitions.
Their combined real estate deals in the last three years total around $255 million, showcasing their significant presence in the Indian real estate market.

Investment Ventures

Gopikishan Damani embarked on his investment journey in 1992 and has since been active in various ventures.
He was recognized by the Indian government as the country's highest taxpayer, highlighting his financial success and contributions.
Radhakishan Damani, Gopikishan's elder brother, is well-known for mentoring prominent investors like Rakesh Jhunjhunwala.
The success story of Avenue Supermart, which began with a single store in 2002 and grew into a leading retail chain, significantly bolstered Radhakishan Damani's wealth.
The Damani brothers' combined wealth underscores their prowess in investment and business acumen, solidifying their status among India's wealthiest individuals.

How long would it take you to become as rich as Gopikishan Damani?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Gopikishan Damani's net worth of $8.41B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 34.07% compared to 5.08% for the S&P 500 benchmark.

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Gopikishan Damani is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Gopikishan Damani, Retail and Investments are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey