Radhakishan Damani
Radhakishan Damani
At a Glance
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Age59
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Earnings$ 1 Billion
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Source of earningsInvestments, Retail
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Marital StatusMarried
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Children3
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ResidenceMumbai
Forbes India Lists
#100 India Rich List 2014
Profile
He is a low-profile stock market veteran who invests on his own account. His portfolio includes a string of blue-chip stocks that he has been accumulating over the years. Notable holding is a 26 percent stake in cigarette maker VST Industries, an affiliate of British American Tobacco. A big chunk of his wealth also comes from hypermarket chain D-Mart, which he set up and grew into a chain of more than 70 outlets, mostly in western India. He has pledged $8 million to a Bangalore institute and $1.8 million to the new Ashoka University.
Fast Fact: His close friend is fellow investor Rakesh Jhunjhunwala (ranked 51) who refers to Damani as his 'guru'.
