Radhakishan Damani is a successful inventor and entrepreneur. He is a Mumbai-based billionaire and owned the third largest mega-retail stores chain, viz., DMart. He is also regarded as the country’s most successful business person in the stock market and investors.
Radhakishan Damani has two primary focuses which are Investing and entrepreneurship. He maintains that he has learned of dealing with risky business situations from Sampat, and he started his career as a business trader.
In this article, you will read about Radhakishan Damani’s Early Life, Personal life, Career, and Net worth.
Radhakishan Damani was born on January 1, 1954, in Bikaner, Rajasthan. His full name is Radhakishan Shivkishan Damani. He was born into an Indian Marwari family. His father, Shivkishanji Damani, was also part of the stock market business; his brother, Gopikishan Damani, is an investor.
He belonged to a simple family and lived in initially in a single-room apartment in the city. Radhakishan pursued his further education in a Bachelor of Commerce at the University of Mumbai; then, he dropped out of the degree in the second year.
His father worked in a stock market on Dalal Street, and after his father’s death, he became a stock market broker and investor.
At the beginning of his professional life, Radhakishan worked as a trader in the business of ball bearings. First, he was not interested in the stock market. Unfortunately, after his father’s death, he led his step into the stock market.
After that, he closed his business and joined the stockbroking business of his brother. He has no practice knowledge of the stock market industry. Then, he learned and observed the functioning of the stock market. Later, he started his first investment in the stock market at the age of 32.
During this phase, Radhakrishan was influenced by Chandrakant Sampat, a value investor. He met Sampat in the early 1990s. In the initial stage of the stock market, he had lost some of its initial bets; then, he decided to make a long-term investment.
After this, he began to succeed in his life. Moreover, he gained a lot of experience related to the stock market by watching Manu Manek, who had ruled during the 1980s in Dalal Street. He analyzed all the operational strategies of Manek closely, and it took a few years to utilize the method of Manek.
Radhakishan married Shrikantadevi Radhakishan Damani. The couple has three daughters: Manjri Damani Chandak, Jyoti Kabra, and Madhu Chandak. Majri Chandak is the manager of DMart. Radhakishan resides in a simple life and hardly interacts with the media.
Moreover, this personality also avoids social gatherings.
According to the year 2022, the net worth touches Rs 1.75 lakh crore. He became the fourth richest person in India and ranked 98 wealthiest people in the world by Bloomberg Billionaire Index.
He has a total of 234 DMart stores over India, 156 rooms Radisson Blu resort in Alibag, Maharasthra, and a beachfront getaway home close to Mumbai.