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Radhakishan S Damani, investor and promoter of the DMart supermarket chain, has broken into the elite club of the top 100 global billionaires. Damani, who grew up in a single-room apartment in Mumbai, is now ranked 98th on the Bloomberg Billionaires Index with $19.2 billion as his net worth. The index is a daily ranking of the world’s richest people.
The other Indians on the top 100 rich list ahead of Damani are Mukesh Ambani, Gautam Adani, Azim Premji, Shiv Nadar, and Lakshmi Mittal (see table). The rise in the wealth of Damani is synonymous with the growth of his retail chain.
“Damani is known to be a deep value investor who largely focuses on the mid- and small-cap space, with long
