Radhakishan Damani Age, Education, Family, Biography, & Net Worth

Radhakishan is also known as Radhakishan Shivkishan Damani. He is an Indian business entrepreneur and billionaire investor who founded Avenue Supermarts Limited. Radhakishan regulates India’s third-largest mega-retail chain, “DMart.” He is now the boss of “Dalal Street”.

Radhakishan Damani Entrepreneur
FULL NAMERadhakishan Shivkishan Damani
DATE OF BIRTH12 July 1955
AGE68 (as of 2023)
ETHNICITYMarwari
OCCUPATIONBusinessman, Stockbroker, Investor
NET WORTH$18.9 billion
MARITAL STATUSMarried
HUSBAND/WIFEWife – Shrikantadevi Radhakishan Damani
BIRTHPLACEBikaner, Rajasthan
GRADUATIONUniversity of Mumbai
Brief Information on Radhakishan Damani

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Table of Content:

  • Radhakishan Damani Biography
  • Radhakishan Damani Family
  • Radhakishan Damani Marriage
  • Radhakishan Damani Education
  • Radhakishan Career
  • Summary

Radhakishan Damani Biography

Radhakishan Damani date of birth is 12 July 1955 in Bikaner in the state of Rajasthan. He was born into a Marwari family. Radhakishan Damani age is 68 years old now. Avenue Supermarts Limited is his company. In his early years, he lived in a single-room apartment in Mumbai. He is popularly known as Mr White And White as he is always seen wearing his white shirt and white pants. Radhakishan is cautious and introverted, and he rarely grants media interviews and avoids market-related activities.

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Radhakishan rose to the fourth richest Indian. Radhakishan Damani net worth is $18.9 billion. Forbes rated him 87th on the global list of 2022. Radhakishan Damani email ID is not known as of now.

Radhakishan Damani Family

Radhakishan was nurtured in a single-room apartment in Mumbai by a Maheshwari Marwari family. He is the son of Shivkishanji Damani who operated on Dalal Street. It was after the death of his father, that he abandoned his ball-bearing company, and became a stock market trader and investor. His brother Gopikishan Damani is also an investor.

Radhakishan Marriage

Shrikantadevi Radhakishan Damani is Radhakishan’s wife. Manjri Damani Chandak, Jyoti Kabra, and Madhu Chandak are their three daughters.

Radhakishan Damani Education

Radhakishan spent a year studying commerce at the University of Mumbai before dropping out.

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Radhakishan Career

Damani went on to become a stock market broker and investor, abandoning his ball-bearing company for good, after his father’s death. When the Harshad Mehta scam was discovered in 1992, his profits from short-selling surged. The investor was found to be HDFC Bank’s largest individual shareholder in 1995. In 1999, he maintained an Apna Bazaar, a cooperative department store, franchise in Nerul. However, its business approach did not satisfy his astute mind. The Stock Market’s King Radhakishan is Rakesh Jhunjhunwala’s market mentor.

Radhakishan left the stock market in 2000 to create DMart, his own hypermarket network, with the first store opening in Powai in 2002. In 2010, the chain had 25 locations; since then, the company has expanded significantly and went public in 2017. The country now has 234 DMart outlets.

By 2020, Radhakishan’s success had accelerated like a meteor. His net worth had reached $16.5 billion by 2020. He rose to the fourth richest Indian and 3117th on the global list of billionaires.

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Summary:

Radhakishan was born on 12 July 1955 in Bikaner in the state of Rajasthan. He is 68 years old now. Radhakishan spent a year studying commerce at the University of Mumbai before dropping out. He is also entitled to Mr White And White. Radhakishan is the owner of Avenue Supermarts Limited.

Frequently Asked Questions (FAQs):

Q1. Why is Radhakishan known as Mr White And White?

Ans: Radhakishan is known as Mr White And White because he constantly wears a white shirt and white trousers.

Q2. Is Radhakishan married?

Ans: Shrikantadevi Radhakishan Damani is Radhakishan’s wife.

Q3. What is the name of Radhakishan’s brother?

Ans: The name of Radhakishan’s brother is Gopikishan Damani.

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