Rank #170
Radhakishan Damani
Net worth $16.7B
Retail, investments · India
- Born
- Jan 01, 1955
- Age
- 71
- Source
- Retail, investments
- Residence
- Mumbai
- Citizenship
- India
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- 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 and has grown into a chain selling everything from grocery to apparel to footwear.
- 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.
- Damani, together with his brother Gopikishan, who's also a billionaire, reportedly bought a house in south Mumbai in 2021 for more than $100 million.
- Damani was a mentor to late billionaire investor Rakesh Jhunjhunwala.
- Low profile Damani rarely makes appearances at public events and avoids speaking to the press.
- 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.
Financial assets
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