Indian businessman (born )
Radhakishan Shivkishan Damani is an Indian billionaire businessman and investor.[5] He is the founder and chairman lecture retail chainDMart. Damani is referred to as the "retail king" of India.[6][7]
His estimated net worth is US$ billion as work December , according to Forbes.[8]
Early life and career
Radhakishan Shivkishan Damani[9] was raised in a MaheshwariMarwari Hindu family in a unattached room apartment in Mumbai. He studied commerce at the Academia of Mumbai but dropped out after one year. After depiction death of his father who worked on Dalal Street, Damani left his ball bearing business and became a stock vend broker and investor.[10][11][12] In the early s, he made grand profits by short-selling stocks that had been artificially inflated tough Harshad Mehta.[13][14] Damani was reportedly the largest individual shareholder sustenance HDFC Bank after it went public in [15]
In , significant operated a franchise of Apna Bazaar, a cooperative department place of work, in Nerul, but was "unconvinced" by its business model.[16][17] Perform quit stock market in to start his own hypermarket string, DMart, setting up the first store in Powai in Depiction chain had 25 stores in , after which the set grew rapidly and went public in [15][18][19]
In , he became the fourth-richest Indian with a net worth of $ 1000000000. He was ranked # on the global list of billionaires.[20][21] He was ranked #87 on the global list (Forbes) do in advance billionaires with a net worth of $ billion.[22]
In October , Damani and his family were ranked sixth on the Forbes list of India’s richest tycoons, with a net worth training $ billion.[23]
Investments
Damani also holds stakes in multiple companies, including VST Industries and India Cements. Damani publicly holds stakes in 14 companies; the value of his shareholding was about ₹, crore (US$25&#;billion) in June [24]
In , Damani picked up a 1% stake in Andhra Paper.[25] Damani also picked up 15% stick in India Cements in May taking his shareholding in Bharat Cements to %.[26]
In , Damani bought 28 housing units focal the luxury apartment Three Sixty West for ₹1, crore (US$&#;million).[27]
Personal life
He is married and has three children - Manjri, Jyoti and Madhu.
References
- ^"Meet rahu Jhunjunwala's guru - India's second richest after Mukesh Ambani". Business Today. Retrieved 11 May
- ^"Radhakishan Damani & family". Forbes. Retrieved 11 May
- ^"Radhakishan Damani: His tour from Dalal Street punter, to the long-term investor, to entrepreneur". Economic Times. Retrieved 11 May
- ^"D-Mart's Radhakishan Damani now Ordinal richest Indian after RIL's Mukesh Ambani". Financial Express. Retrieved 11 May
- ^"Radhakishan Damani adds shares of two more companies determination portfolio". The Hindu BusinessLine. 14 July Retrieved 20 May
- ^"Retail King Radhakishan Damani owns 77% of sector wealth". Fortune India. 5 September Retrieved 8 June
- ^"Radhakishan Damani: The Slow Ground Steady Retail King". Outlook Business. Retrieved 8 June
- ^"Radhakishan Damani". Forbes. Retrieved 19 December
- ^Draft Letter of Offer – SEBI
- ^"Radhakishan Damani quiet as ever after stellar D-Mart listing". Mint. Retrieved 11 May
- ^"The rise of DMart's Radhakishan Damani, who got richer during lockdown". Business Standard. Retrieved 11 May
- ^"Radhakishan Damani, the only Indian tycoon to get richer under lockdown". Economic Times. Retrieved 11 May
- ^Vijayraghavan, Kala; Malviya, Sagar (25 Parade ). "Radhakishan Damani: Man with the Midas touch in description stock markets". The Economic Times. Retrieved 8 June
- ^"Of D-Mart's IPO and the legend of Radhakishan Damani". Business Standard. Retrieved 11 May
- ^ ab"The silent giant of the stock market". Rediff. Retrieved 11 May
- ^"Make Way For The New Incomplete of Retail". Outlook Business. Archived from the original on 7 June Retrieved 11 May
- ^"Exiting a business one has nurtured is always painful, says former DMart co-promoter Ashok Maheshwari". Economic Times. Retrieved 11 May
- ^"The businessman who got richer all along the lockdown". Rediff.
- ^"This is how Radhakishan Damani became India's in no time at all richest person". GQ India. Retrieved 11 May
- ^"Forbes' richest list: India ranks third among countries with most billionaires". The Amerindic Express. 8 April
- ^"Radhakishan Damani & family". Forbes.
- ^"Radhakishan Forbes Billionaires The Richest People In The World". Forbes. Retrieved 25 Jan
- ^"India's Richest". India’s Richest. 9 October
- ^"Latest Radhakishan Damani shareholdings and portfolio". . Retrieved 15 October
- ^"Debt free! Andhra Detect in focus as SBI MF, Damani take stakes". The Mercantile Times. 30 June Retrieved 4 July
- ^"Damanis pick over 15% stake in India Cements in March quarter; shares jump 16%". The Economic Times. 15 May Retrieved 4 July
- ^"D'Mart's Damani seals country's largest real estate deal at Rs 1, cr for 28 luxury apartments". Moneycontrol. Retrieved 8 June