Radhakishan Damani

$21.4B

as of 07/05/24

About Radhakishan Damani

Veteran Mumbai investor Radhakishan Damani became India's retail king after the March 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.

Personal stats

Citizenship

India

Source of wealth

Retail, investments

Residence

Mumbai, India

Marital status

Married

Birth date

01/01/55 (age 69)

Number of children

Self-made

self-made