Radhakishan Damani Net Worth April 2024: Market Maven

Today’s article will enlighten the investors as I have come up with an article which will inspire you to never give up as an investor in the highly demanding market. The popular Radhakishan S. Damani was born to his parents in Bikaner, a city known as the camel country. Radhakishan has committed his life to the stock market with complete dedication and today Radhakishan Damani Net Worth is Rs 1,53,514 Lakh crores which comes to $18.5 Billion.

He has many memorable moments but the most important one is when he launched his retail brand DMart in the year 2002 in Mumbai which is now spread across multiple cities in India with 345 stores serving its customers.

Know the inspiring story behind the rise of Radhakishan Damani where you will go through some of his wonderful and precious milestones like Radhakishan Damani Net Worth, Wiki, Bio, Age, Height, Weight, Family, Career and other interesting facts.

Quick Wiki and Full Bio

DetailsInformation
Real nameRadhakishan S. Damani
Net worth of Radhakishan Damani In Indian RupeesRs 1,53,514 Lakh crores ($18.5 Billion)
Age68 years
Day of Birth12 July 1955
Birth PlaceBikaner, Rajasthan
GenderMale
HeightIn Feet: 5 feet 3 inches
In Centimeters: 160.02 cm
In Metres: 1.6002 m
Weight70 KG (154.324 lbs)
Zodiac SignCancer
ProfessionStock Market Investor and Entrepreneur
NationalityIndian
Academics 
SchoolLocal School
CollegeUniversity of Mumbai ( Drop out)
Family and relationship
FatherShivkishanji Damani
WifeShrikantadevi Radhakishan Damani
Last UpdatedFebruary 2024

Radhakishan Damani Net Worth

Who is Radhakishan Damani

Are you ready to get an amazing introduction to this great man by knowing who is Radhakishan Damani? The introduction of this investor will send a wave of energy inside you, motivating you to know more about him. 

Radhakishan Damani is a professional and experienced stock marketer who has made his place among the top 5 richest people in India with his stock marketing talent. He is also the founder and owner of India’s famous retail store DMart.

What is Radhakishan Damani Net Worth

Are you thrilled to discover Radhakishan Damani net worth? As a devoted fan, this section is sure to be an exciting one for you!

This stock market investor’s net worth will blow your mind as his net worth has no limits and is soaring heights at an exceptional figure which is more than Rs 1,53,514 lakh crores which in dollars is 18.5 billion.

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What is Radhakishan Damani Income Source?

Are you excited to find out what is Radhakishan Damani Income Source which boosted his huge wealth to limitless skies? Get ready as I have made all the preparations to set on a thrilling adventure where you will come across those springs that acted as a never-ending fuel to boost Radhakishan net worth.

  • Stock Market: The primary source of income is generated through buying and selling stocks.

  • Holding shares: Damani publicly holds 14 stocks in his investment portfolio and the total value of his stock portfolio is approx ₹178,572.4 crores (US$22 billion) in 2023

  • Retail Selling: Damani is also a founder of a popular retail chain DMart that has more than 345 stores across India.

  • Real Estate: Damani’s real estate portfolio includes the 156-room Radisson Blu Resort in Alibaug

What is Radhakishan Damani Biography

Ready to set for a fantastic journey into Radhakishan Damani’s story? Now let’s immerse ourselves into the captivating tale of What is Radhakishan Damani biography. Let’s rewind to the era when little Radhakishan was enjoying his childhood not knowing what future had hidden in itself.

Today he is a popular stock investor and an entrepreneur whom we admire. Are you filled with high levels of energy to set on this exhilarating expedition which unravels gems about his childhood, education, and more—details waiting to be discovered by a true admirer like you?

This renowned stockmarketer was born in Bikaner, Rajasthan on 12 July 1955. Since his childhood, there was an atmosphere of stock market trading at home which led Radhakishan to follow the path his father took once he grew up.

However, before achieving the dream of being an investor in the stock market he pursued his schooling. To complete his graduation in commerce he enrolled at the University Of Mumbai, but within a year dropped out.

Radhakishan was into a business of ball and bearings but he had to abandon the business and enter into the stock market after his father passed away. In the year 1990s he gained returns from the stock market by short-selling stocks.

Biography / WikiDetails
Real NameRadhakishan S. Damani
Current cityAltamount Road, South Mumbai
Birth PlaceBikaner, Rajasthan
ReligionHindu
GenderMale

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What is Radhakishan Damani Career?

Ever marvelled with fascination of What is Radhakishan Damani Career which hides in itself the information that turned Radhakishan into a popular stock trader. 

Before becoming the mentor of the late Rakesh Jhunjhunwala in the risky stock market, Radhakishan Damani started his career in the business of ball bearings. But after his father’s death, he had to enter the stock market.

No one knew that this was a player who would leave his mark on the stock market in the future.

But do you know who taught this stock market giant those infallible investment policies and methods? So let’s lift the curtain on this and learn about the great man.

Radhakishan Damani learned the intricacies of the share market from a person named Manu Manek. Manu taught Radhakishan how to invest in short stocks.

Keeping all this valuable knowledge he attained from Manu Manek, Radhakishan Damani played a master stroke by using the same approach to short the highly overpriced stocks of Harshad Mehta better known as the Big Bull.

In the 1980s Mr Damani was infamous among the Stockbrokers and they often referred to him as GS as written on the Radhakishan entry badge which he used to enter into trading.

Mr Damani was a member of a popular triple-R group( Radhakishan, Rakesh Jhunjhunuwala and Raju). The trio with their offbeat ideas became famous for competing against the fears that Harshad Mehta had established in people’s minds.

Harshad Mehta and Trio first faced competition while buying Apollo Tyres shares. However, the trio faced huge losses in this.

After the big bull scam was bought in front of the public in 1992, Damani saw a rise in his income through profits earned by short selling.

In 1995 this experienced stock trader became the most considerable person by becoming HDFC Bank’s largest shareholder.

Radhakishan helped many investors who sticked on for a short time and owed Damani money. These investors sold their undervalued stocks to Damani.

In 2001 when the market crashed Damani stepped forward to help his fellow stock brokers by buying their undervalued stocks.

This stock trader ventured into the retail segment by launching his own retail brand DMart in 1999. As he had less experience Radhakishan along with Damodar went on to purchase the franchise named Apna Bazar.

Radhakishan took only 2 years time to master this field and overtook the very franchise he had bought by opening the first store of DMArt in Mumbai in 2002. He has earned the title of Retail King and his 345 stores are giving their flawless services with outlets spread across the country.

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Who are Radhakishan Damani Family members?

Has this popular investor which India produced aroused a sense of motivation to find out about those who played their roles off-screen flawlessly and this can be seen in the form of Damani‘s success? Let us know who are Radhakishan Damani Family members who stood by him as pillars of his strength and support in every difficult time. So let me introduce you to the members of his wonderful family.

Radhakishan father Shivkishanji Damani was into the share market and worked as a stockbroker at Dalal Street, Mumbai. 

Radhakishan brother Gopikishan Damani too is into the stock market and is an investor. He holds shares worth crores of Rupees.

Radhakishan is married to Shrikantadevi Radhakishan Damani and is blessed with three daughters from their marriage namely Madhu Chandak, Jyoti Kabra, and Manjri Chandak.

No information is available about Radhakishan mother anywhere in the public domain across the web.

InformationDetails
Mother’s NameN/A
Father’s NameShivkishanji Damani
Brother’s NameSuresh Babu
Wife’s NameShrikantadevi Radhakishan Damani
ChildrenDaughters-Madhu Chandak, Jyoti Kabra, and Manjri Chandak
Net worth of Radhakishan Damani in Indian Rupees 2024Rs 1,53,514 Lakh crores ($18.5 Billion)

Radhakishan Damani Height, Weight And Age

Radhakishan Damani, is a popular name among stock investors and traders who earned a place in the stock market through his genius talent making him an inspiration to many new investors with his incredible talent for stock trading. For the devoted fans eagerly seeking insights into the physical attributes of this legendary figure here are the details of Radhakishan Damani height, weight, and age.

Radhakishan Damani maintains a superb physique with a weight of 70 kg (154.324 pounds) and a height of 5 feet 3 inches (160.02 cm or 1.6002 m)At the age of 68, Radhakishan continues to dominate the retail market with out-of-the-box business ideas to outwit his rivals with his varied marketing strategies. Isn’t it incredible that he defies age while actively involved in his craft? Share your thoughts below!

Height  and WeightDetails
Height 160.02 cm (5 feet 3 inches)
Weight70 KG (154.324 pounds)
Age68 years (approx)

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FAQ 

1. Who is the real owner of DMart?

Ans. Radhakishan Damani is the real owner of DMart which is India’s popular retail market.

2. What is the income of Radhakishan Damani?

Ans. Radhakishan Damani is a very affluent person with a net worth of Rs 1,53,514 Lakh crores ($18.5 Billion)

3. Which company is owned by Radhakishan Damani?

Ans. The company owned by Radhakishan Damani is DMart the largest chain of retail store in India.

4. What is the qualification of Radhakishan Damani?

Ans. Radhakishan Damani enrolled at the University of Mumbai to pursue his graduation. However, within a year of his enrollment, he dropped out.

5. Who is the daughter of DMart owner?

Ans. The daughter of DMart owner Madhu Chandak is on the list of Board of Trustees.

Final Word of Radhakishan Damani Net Worth

Thanks for taking out your valuable time to read this post till the end.

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