Radhakishan Damani is a businessman and investor from India. He founded Avenue Supermarts, which manages the popular Indian retail brand D-Mart. Damani is regarded as one of India’s most successful investors. He got his start in the stock market and is well-known for his astute financial methods. In this article, we will inform you about Radhakishan Damani net worth and portifolio.
Radhakishan Damani Net Worth, Income, Properties
Radhakishan Shivkishan Damani was born on 12 July 1955 and raised in a Marwari family in Bombay, where he lived in a single-room flat throughout his early years. Radhakishan studied commerce at the University of Bombay but did not finish his degree and left out after only one year.
Damani is known for keeping his personal life secret and hasn’t revealed much about his family in public. Mr. Damani’s wife is Shrikantadevi Radhakishan Damani. Manjri Damani Chandak, Jyoti Kabra, and Madhu Chandak are their three children.
|Net Worth||$16.7 billion|
|Monthly Income||$82 million|
|Yearly Income||$1 billion|
|Properties Valuation||$250 million|
|Assets Valuation||$100 million|
Source: Radhakishan Damani Net Worth
Radhakishan Damani Net Worth
Radhakishan Damani net worth is estimated to be $16.7 billion. He has achieved tremendous success in the stock market in a relatively short period. Even though he left the share market in 2000, his business continued.
Radhakishan Damani has also made investments in several firms, including VST Industries and India Cements. In the fiscal year ending March 31, 2022, DMart generated revenue of 309 billion rupees ($4.1 billion). Read on to learn more about Radhakishan Damani portfolio.
Radhakishan Damani Career
Dalal Street was where his father worked. After Damani’s father died, he moved on to become a stock market trader and investor, putting an end to his ball-bearing company for good.
In the 1990s, he gained money through short-selling stocks. Damani allegedly became HDFC Bank’s largest individual shareholder when it went public in 1995. Once Harshad Mehta Fraud was exposed in 1992, he witnessed a significant increase in his income owing to short-selling gains at the time.
In 1999, he ran an Apna Bazaar, a cooperative department store, franchise in Nerul but was “unconvinced” by its business approach. He left the stock market in 2000 to launch his hypermarket chain, DMart, with the first shop opening in Powai in 2002. In 2010, the chain had 25 locations; since then, the firm has expanded significantly and decided to go public in 2017.
The country now boasts over 300 DMart outlets. Despite his accomplishments, Damani maintains a quiet profile. He hasn’t done many interviews up to this point. By 2020, his success had accelerated like a meteor.
He rose to the fourth richest Indian and 3117th on the global list of billionaires. With a net worth of $18.9 billion, Forbes rated him #87 on the global list of 2022.
Damani, in addition to his commercial enterprises, is a philanthropist who has donated to a variety of charity organizations, including education and healthcare.
Radhakishan Damani Portfolio
Damani also invests in other sectors such as real estate, hotels, and financial services. He is regarded as India’s Warren Buffett due to his prudent investing judgments. Radhakishan Damani portfolio is varied, including investments in a variety of industries.
He is well-known for investing in high-quality businesses with strong foundations and a track record of sustained development. Rather than short-term speculation, his investment strategy is centered on long-term wealth generation and capital preservation.
As a result, his portfolio has looked strong and provided him with excellent returns throughout the years. He invests in long-term firms and retains them for years, concentrating on profit growth instead of short-term market volatility. Here are the top 10 stocks held and their Radhakishan Damani share price.
|Sr. No.||Name of the Company||Holding Percentage and Value|
|1||Avenue Supermarts Ltd||67.5% (Rs 148,711.5 Cr)|
|2||VST Industries Ltd||30.7% (Rs 1,498.4 Cr)|
|3||India Cements Ltd||20.8% (Rs 1,257.1 Cr)|
|4||Advani Hotels and Resorts (India) Ltd||4.2% (Rs 14.1 Cr)|
|5||Aptech Ltd||3.0% (Rs 40.9 Cr)|
|6||Sundaram Finance Ltd||2.4% (Rs 600.5 Cr)|
|7||Mangalam Organics Ltd.||2.2% (Rs 7.5 Cr)|
|8||Sundaram Finance Holdings Ltd||1.9% (Rs 35.1 Cr)|
|9||Trent Ltd||1.5% (Rs 734.0 Cr)|
|10||3M India Ltd.||1.5% (Rs 392.3 Cr)|
Radhakishan Damani House and Properties
Radhakishan Damani’s house, ‘Madhu Kunj,’ spans 1.5 acres and has a built-up area of about 60,000 square feet. Radhakishan Damani and his brother Gopikishan Damani have made the most costly residential real estate acquisition in India.
The brothers paid a whopping 1,001 crores for the mansion, which had a market value of 724 crores. Damani’s second address in Malabar Hill is now registered in South Mumbai.
Damani just purchased another new house for approximately Rs. 250 crores. Thane is the location of the 8-acre property. Mondelez India was the previous owner of the site.
Radhakishan Damani recently spent a lot of money amassing as many as 28 luxury flats for roughly Rs 1238 crore in what is said to be one of India’s greatest real estate acquisitions.
Radhakishan Damani Philanthropy
Mr. Damani kept himself hidden from the press and media, but he always believed in helping the community in his quiet manner, away from the spotlight.
Radhakrishan Damani contributed Rs 155 crore in the efforts to fight coronavirus. While Rs 100 crore went to the PM-CARES Fund, the remaining Rs 55 crore went to other state relief programs. Radhakrishan Damani contributed to his group firm Bright Star Investments.
He also started a foundation and chose to give back to society by providing free housing to the families of patients having treatment in South Mumbai. Mr. Damani’s family controls the Shivkishan Mindaram Damani Charitable Trust, which operates this facility.
Finally, with a Radhakishan Damani net worth of more than $20 billion, he is unquestionably one of India’s most successful and prominent tycoons.
His investment portfolio, which includes notable firms such as Avenue Supermarts, VST Industries, and others, demonstrates his acute commercial acumen. Mr. Damani’s net worth and success story inspires ambitious entrepreneurs, and Radhakishan Damani portfolio is constantly monitored by industry professionals and analysts alike.