D-Mart owner Radhakishan Damani enters top 100 global billionaires' club

DMart, set up in 2002, saw strong double-digit growth in sales and profits between FY09 and FY20


Radhakishan Damani had become one of the top 10 richest Indians after the blockbuster listing of Avenue Supermarts | Illustration: Ajay Mohanty

Raghavendra KamathAshley Coutinho Mumbai
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

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First Published: Aug 19 2021 | 1:20 AM IST

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