Radhakishan Damani (born 1954) is an Indian entrepreneur, investor and founder of a retail business chain named DMart. On 15th February 2020, he got ranked as India’s second-richest man.
He has a net worth of $ 17.8 Billion USD which is around 127k crores INR as in the year 2020. His career journey includes a small investor to a big and long term investor.
He started his retail business in the year 2002 and since then he has added a lot in his worth. Many big investors term him as his guru. He holds a very respectable name in Dalal Street.
Early Life, Parents, Siblings & Education
In a Rajasthani Marwari family, Radhakishan Damani took birth in Bikaner, Rajasthan, India in the year 1954 (age 65 years old, as in 2019). His father’s name is Shivkishanji Damani.
His father used to trade in Dalal Street Mumbai and after looking at him he also created the will to become just like him. The name of his mother is not known. He has a sibling, a brother named Gopikishan.
Both of the brothers handle the business and Gopikishan’s wife also helps in the promotion of the business (DMart). At a small, he shifted with his family to Mumbai where he did his schooling.
Damani is a college dropout because he wanted to focus more on the business. DMart’s founder used to be a student at the University of Mumbai.
Personal Life, Spouse & Children
He is married to a Marwari girl. When he was in his early 20s’ his parents found a suitable match for him and tied the knot. Radhakishan Damani and his wife have never been together in public.
There are very little data available about his family and personal life. He has 3 children as we came to know from sources. His elder daughter Manjri Chandak also helps his father in the business.
In personal life, he is a very soft-spoken person. Radhakishan Damani is also a person with a very kind heart. Damani is very close to his friends.
Famous investors like Vallabh Bhansali, Nemish Shah & Ramesh Damani are his close friends and he spends most of his time with these people. Radhakishan stays away from social media and does not even appear in social gatherings much.
Some Lesser Known Facts about Radhakishan Damani
|Real Full Birth Name||Radhakishan Damani.|
|Nick Name||White man.|
|Famous as||India's second-richest person.|
|Age (As of 2019)||65 years old.|
|Date of Birth (DOB), Birthday||1954.|
|Sexuality (Gay or Lesbian)||Straight.|
|Sun Sign (Zodiac Birth Sign)||N/A.|
|House Location||Mumbai, India.|
|Height (Tall)||Feet & Inches: 5' 4".
Centimeters: 162.56 cm.
Meters: 1.62 m.
|Weight||Kilograms: 72 Kg.
Pounds: 158.7 lbs.
|Shoe Size (UK)||9.|
|Hair Color||White and black.|
|Parents||Father: Shivkishanji Damani.
Mother: Not Known.
|Personal Life Relationship|
|Wife||Name not available.|
|School||Local High school.|
|Highest Qualification||High school graduate.|
|Profession||Investor & businessman.|
|Net worth||INR 127k crore (As in 2019).|
Triple R’s & Harshad Mehta
In the 1980s the stock market was handled by 2 groups one of Gujratis and other of Marwaris. Both groups used to target each other and the whole BSE revolved around this. Harshad Mehta at that time was the king of the stock exchange.
That time Radhakishan Damani with his friend Raju and a rookie investor made a group invest in the market.
Their group got named as Triple R’s. Later in the year 1992, the scam of Harshad Mehta got exposed after which many investors whether small or big suffered losses.
Damani told one of his friends that if Harshad would have traded for a period of one week more then he might have started begging by using a bowl. Even Damani suffered losses but soon after that, he started recovering.
D-Mart Business, Career, House, Car & Net worth
In early 2000, Radhakishan started investing as a long term investor. He started turning the flow of his income towards the retail business. He opened the first branch of his hypermarket chain named “DMart” in the year 2002 on 15 May and the location is Powai, Mumbai, Maharashtra.
After this branch, he never looked back. The branches of DMart are all around the country in almost all states. Stores mainly sell all daily utilities to the general consumers. It has a yearly revenue of around 2.3 billion USD.
In total there are 200 branches of DMart. The headquarter of the company is also in Mumbai.
After Mukesh Ambani, Damani is the richest person in the whole of India. One of his properties includes a lavish resort which has around 156 rooms and is located near the beach.
He also has a fleet of luxury cars which includes cars like Rolls Royce Phantom, Mercedes S-class, Range rover Vogue, etc. According to many trusted sources, Radhakishan Damani has a net worth of 127K crore INR which is around 17.8 billion US dollars as in the year 2020.
- Radhakishan has a height of 5 ft 4 in (162.56 cm).
- His weight is approximately 72 kg (158.7 lbs).
- Damani is a health-conscious person and does Yoga daily.
- He is a vegetarian.
- Indian Billionaire named Rakesh Jhunjhunwala considers him as his Guru.
- After Harshad Mehta scam he helped many investors in reviving themselves.
- In 1992 scam many small investors also got affected and he was also close to bankruptcy.
- Damani is a very close friend of many actors like Amitabh Bachchan, Akshay Kumar, etc.
- His friends say that he is a person who stays calm at the time of a challenging situation.
- Damani always wears white pants and a white shirt which is why people at Dalal Street nicknamed him a white man.
- He is a devotee of Lord Krishna.