Radhakishan Damani's Portfolio Falls 30% From Top - Check His Latest Net Worth

Radhakishan Damani’s portfolio dropped by 20%, declining from ₹2 lakh crore in December 2023 to ₹1.63 lakh crore. This decrease is attributed to a correction in Avenue Supermarts’ stock price and reduced holdings in VST Industries.
Damani controls Avenue Supermarts, a Mumbai-based retail chain specializing in affordable consumer goods. The company, which operates over 200 D-Mart stores across India, debuted on Indian stock exchanges in 2017.

Damani’s Current Net Worth

Damani publicly holds 13 stocks with a combined net worth of over ₹158,975 crore, as per the latest corporate shareholding disclosures. His net worth is $16.7 billion, a decline of $2.61 billion (over 13%) this year, placing him 98th on the Bloomberg Billionaires Index.

Damani: Journey to Success

Born in Mumbai, Damani made his fortune through stock market investments before transitioning to retail. Known as “Mr. White and White” among Indian traders, he exited the stock market in 2000 to build a retail business, starting with the first D-Mart store in Powai in 2002.

Damani: D'Mart's Expansion

Since its inception, DMart has expanded to 238 locations across major Indian states, including Maharashtra, Gujarat, Karnataka, and Tamil Nadu. Owned by Avenue Supermarts Ltd. (ASL), the company operates multiple brands like D Mart, D Mart Minimax, D Homes, and Dutch Harbour, with its headquarters in Mumbai.