⬅ # 142 Pavel Durov|# 144 Jerry Jones ➡

# 143 Radhakishan Damani 

$15.8B

Real Time Net Worth
as of 12/11/2024
-$93.0M (-0.59%)

# 143 Radhakishan Damani 

$15.8B

Real Time Net Worth
as of 12/11/2024
-$93.0M (-0.59%)
OccupationFounder and Chair, DMart
Source of WealthRetail, Investments
Age69
ResidenceMumbai, India
Marital StatusMarried
Children3
Age-Adjusted Net Worth$8.61B
Radhakishan Damani
Radhakishan Damani
India
Net worth: $15.8B

Self-Made Score 

Rado Captain Cook Swiss Automatic Watch 42 mm

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Radhakishan Shivkishan Damani is an Indian billionaire businessman and investor, often referred to as the Retail King of India.
Raised in a Maheshwari Marwari Hindu family in a single-room apartment in Mumbai.
Studied commerce at the University of Mumbai but dropped out after one year.
Entered the stock market as a broker and investor after the death of his father who worked on Dalal Street.
Reportedly the largest individual shareholder of HDFC Bank after its public offering in 1995.
Made profits through short-selling stocks in the 1990s and saw a significant rise in income after the Harshad Mehta Scam in 1992.
Operated a franchise of Apna Bazaar in 1999 but was unconvinced by its business model.
Quit the stock market in 2000 to start his own hypermarket chain, DMart, with the first store in Powai in 2002.
DMart chain had 25 stores in 2010 and went public in 2017 with the IPO of Avenue Supermarts Limited.

Retail Empire

Became India's retail king after the March 2017 IPO of his supermarket chain Avenue Supermart.
Started retailing in 2002 with one store in suburban Mumbai, now owning 336 DMart stores across India.

Investments and Portfolio

Holds stakes in various companies, including tobacco firm VST Industries and cement producer India Cements.
Picked up a 1% stake in Andhra Paper and increased his investment in India Cements to 19.89% in May 2020.
Publicly holds 14 stocks in his investment portfolio, with a total value of approximately ₹178,572.4 crore (US$22 billion) in 2023.

Real Estate

Owns the 156-room Radisson Blu Resort in Alibaug, a popular beachfront getaway near Mumbai.
Reportedly paid $155 million for 28 apartments in a luxury tower in mid-town Mumbai in early 2023.

Radhakishan Damani's Wealth is Equivalent to:

12,178,599 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

2,993,377 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

161,684 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

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

If you started with $10,000 and invested an additional $500 each month at a 43.53% CAGR, it would take you 5 years to reach Radhakishan Damani's net worth of $15.8B.

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 63.87% compared to 28.04% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Radhakishan 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 Radhakishan 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey