Radhakishan Damani Bio | Wiki
Radhakishan Damani ( Full Name: Radhakishan Shivkishan Damani) is a prominent Indian billionaire business magnate and investor. He is the founder of Avenue Supermarts Limited.
Furthermore, Radhakishan also manages his portfolio through Bright Star Investments Limited, his Investment firm. He was ranked #98 richest person in the world on August 19, 2021, by the Bloomberg Billionaire Index. During his free time, the acclaimed billionaire business magnate and investor enjoys traveling, reading, and spending time with friends and family.
Radhakishan Damani Age | Birthday
He was born on July 12, 1955, in Bikaner, Rajasthan, India. Radhakishan is 68 years old. Hence, he enjoys and celebrates his birthday on July 12 every year.
Radhakishan Damani Height
He is a man of average stature. Radhakishan stands at a height of 5 ft 8 in ( Approx. 1.73m ).
Radhakishan Damani Family
He was born in Bikaner, Rajasthan, India to Shivkishanji Damani and a loving mother. Shivkishanji was a stockbroker and worked on Dalal Street. Radhakishan was raised in a Maheshwari Marwari Hindu family in a single-room apartment located in Mumbai.
Besides, he has a brother named Gopikishan Shivkishan Damani. In early 2023, the two siblings reportedly paid $155 million for twenty-eight apartments in a luxury tower in mid-town Mumbai developed by fellow billionaire Vikas Oberoi.
Radhakishan Damani Wife
He is a married man. Radhakishan is blissfully hitched to his loving and caring wife Shrikantadevi. As a couple, they have three children named Madhu Chandak, Jyoti Kabra, and Manjri Damani Chandak.
Radhakishan Damani Son
He does not have a son. Radhakishan is the father to three of his appealing daughters named Madhu Chandak, Jyoti Kabra, and Manjori Chandak.
Radhakishan Damani Education
He attended a local high school. Later, Radhakishan matriculated at the University of Mumbai and pursued commerce. However, after one year, he dropped out.
Radhakishan Damani Portfolio
He manages his portfolio through Bright Star Investments Limited, his Investment firm. Furthermore, Radhakishan publicly holds six stocks in his investment portfolio. Back in the year 2021, the total value of his stock portfolio was approx ₹102,077 crore (US$13 billion).
After the passing of his Dalal Street-based father, he abandoned the ball-bearing industry and transitioned into the stock market as a broker and investor. In the 1990s, Radhakishan profited from shorting stocks. He reportedly held the highest individual stake in HDFC Bank at the time of its 1995 IPO.
Radhakishan’s revenue significantly increased in 1992 as a result of the short-selling profits made at the time, which coincided with the Harshad Mehta Scam’s ascent to fame. He ran a branch of the cooperative department store Apna Bazaar in Nerul in 1999, but he was “unconvinced” by its economic strategy.
In order to launch his own network of hypermarkets, DMart, Radhakishan left the stock market in 2000. He opened the first location in Powai in the year 2002. In 2010, the chain had 25 locations. Since then, the business has swiftly expanded and gone public in 2017.
With a net worth of $16.5 billion, he rose to the fourth-richest Indian position in 2020. On the list of billionaires throughout the world, Radhakishan was listed as #117. He had a net worth of $18.9 billion and was rated as the 87th richest person in the world by Forbes in 2022.
Radhakishan Damani House
He has a house located in Mumbai. The house is one of the most expensive transactions in real estate history. Radhakishan bought his house back in the year 2021. Since then, his home has remained a hot topic of discussion in the Indian financial space.
Located in Malabar Hill, Mumbai, the property is around one hundred years old. Moreover, it spans around 5752 square meters. Previously, it was owned by Varsha Mehta along with Jayesh Shah and Saurabh Mehta, the business partners and trustees at Premchand Roychand & Sons LLC Partner Phoenix Family Trust.
Radhakishan Damani And Ramesh Damani Relationship
He and Ramesh are not related. The two are just successful investors in Dalal Street.
Radhakishan Damani Office Address
11, Homji Street, Fort, Mumbai – 400 001, India. Furthermore, the acclaimed billionaire has offices in Dalamal tower, Nariman Point Mumbai 400021.
Ramesh Damani And Radhakishan Damani
Ramesh and Radhakishan are both successful investors in Dalal Street. However, the two are not related.
Radhakishan Damani Latest News
He acquired Bengaluru-based beauty and personal care retailer, Health & Glow for Rs 750 crore. Radhakishan bought it from Rajan Raheja and Hemendra Kothari’s family offices.
Radhakishan Damani Net Worth
Having been working as a business magnate and investor by profession for a total proficiency exceeding more than twenty-five years now, he has managed to garner good affluence in his career thus far. Radhakishan’s net worth is $16.4 Billion.
Who Is Radhakishan Damani
He is a 68-year-old prominent Indian billionaire business magnate, investor, and the founder of Avenue Supermarts Limited. Furthermore, Radhakishan also manages his portfolio through Bright Star Investments Limited, his Investment firm. He was ranked #98 richest person in the world on August 19, 2021, by the Bloomberg Billionaire Index.
How Old Is Radhakishan Damani
He is 68 years old. Radhakishan was born on July 12, 1955, in Bikaner, Rajasthan, India. Thus, he relishes and commemorates his birthday on July 12 every year.
How Tall Is Radhakishan Damani
He is a man of average stature who stands at a height of 5 feet 8 inches, approximately 1.73 meters.