Radhakishan Damani an Indian investor, and Founder of Dmart has reached into elite club of globe’s top 100 billionaire. Damani’s current net worth is at $19.2 billion that is about Rs 1.4 lakh crore, and is proudly holding 98th position out of 100 world’s top wealthiest people, as data shown by Bloomberg Billionaire’s Index.
Bounce Up in Net Worth
Damani’s net worth has bounced up about $4.41 billion in 2021. It is because Dmart shares has been bounced up by 30% which is a reason of rise about 30% in his net worth. Radhakishan Damani is sixth Indian investors, businessmen who has been included in world’s top 100 wealthiest people. Dmart promoter Damani controls over 74.9% in the company. Damani also controls a stake of 11.3% in India cements, 26% in VST industries, and about 2.4% as in Sundaram finance, and in some different companies.

D Mart mall
One of the Top 10 Indian Businessmen
Founder, investor, and promoter of Dmart, Radhakishan Damani has grown up in Mumbai, lived in single room apartment. He initially started working in share market and then owning a franchise of Apna Bazar, but not convinced with both, he left the stock market in 2000 and also left Apna Bazar to start his chain of Supermart, Dmart. Radhakishan Damani is now well-known businessmen as well as recognized one in top ten business person of India.
Debut in Stock Market
In 2017, Dmart had initiated in stock market, in Indian exchange. It has crossed up over 106% IPO price in list. Dmart shares started gaining attention in 2020, which has resulted in great return about 30% shift, and now it is trending in the stock market.
Also Read: After Defeating Netflix, Billionaire Richard Li’s Streaming Platform Viu Looks For Next Competition
Founder of Dmart
Radhakishan Damani is the founder of Dmart, he initially opened first Dmart in Powai, Mumbai, in year 2002. Started from buying low-cost land, and then turning them into retail shops which included clothes, grocery and daily essentials. Damani had developed more Dmart and made a chain of it all over India. There is a total of 234 Dmart stores in different cities. It includes more than 200 retail products. Dmart business has profited about Rs 249 billion in 2020. Damani owns several other businesses as well. He taught stock trading to Rakesh Jhunjhunwala, who believes in Damani and calls him his guru. Damani believes in keeping a low profile, because of that he doesn’t appears in any interviews. He has a small family of his wife and three children.