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From the Editor
- Veteran Mumbai investor Radhakishan Damani became India's retail king after the 2017 IPO of his supermarket chain Avenue Supermarts.
- Damani got into retailing in 2002 with one store in suburban Mumbai. Today he has 375 DMart stores across India.
- Damani also holds stakes in a range of companies, such as tobacco firm VST Industries. In June 2024, he and his younger brother sold their holding in India Cements to billionaire Kumar Birla.
- His property portfolio includes the 156-room Radisson Blu Resort in Alibag, a popular beachfront getaway close to Mumbai.
- In 2023, he and his brother reportedly paid $155 million for 28 apartments in a luxury tower in mid-town Mumbai developed by fellow billionaire Vikas Oberoi.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Personal Stats
- Age
- 70
- Source of Wealth
- Retail, investments, Self Made
- Residence
- Mumbai, India
- Citizenship
- India
- Marital Status
- Married
- Children
- 3
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