From College Dropout to Billionaire: Radhakishan Damani’s Inspiring Journey
Radhakishan Damani, a renowned multibillionaire investor, has an extraordinary story of success. Despite being forced to quit college after a year to help his father in the family business, Damani never let go of his dreams.
Following his father’s passing, Damani found the motivation to pursue his ambitions. With limited financial resources, he aimed to invest in the stock market. Living in a modest apartment in Mumbai, Damani’s family had a background in the ball bearing trade.
Although he had to sacrifice his education, Damani remained passionate about the stock market. Balancing a full-time job with his studies, he dedicated hours to learning about stocks and investments. His determination and knowledge paved the way for his future success.
Radhakishan Damani is now a prominent investor with a diverse portfolio. His company, Avenue Supermarts, owns one of India’s largest retail chains, DMart. Damani’s investments span various industries, including retail, software, finance, and more. His net worth is approximately Rs. 172,651.9 crore.
Known for his long-term investment strategies, Damani focuses on undervalued companies that have great potential. He is patient with his investments, willing to wait for returns and stick with his choices.
As of July 10, 2023, Radhakishan Damani’s net worth stands at USD 16.9 billion (about 13,96,06,67,50,000 Indian Rupees). After the success of his grocery chain Avenue Supermarts’ IPO in 2017, Damani established himself as the retail king of India. With hundreds of DMart outlets across the country, he continues to expand his business empire.
In addition to his retail ventures, Damani also owns shares in other companies such as India Cements and VST Industries. His real estate holdings include the popular Radisson Blu Resort in Alibaug.
Stay updated with the latest news and updates by subscribing to our newsletter now!