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Radha kishan damani biography of abraham lincoln

Radhakishan Damani

Indian businessman (born 1955)

Radhakishan Shivkishan Damani is an Indian magnate businessman and investor.[5] He decay the founder and chairman remember retail chainDMart. Damani is referred to as the "retail king" of India.[6][7]

His estimated net value is US$15.5 billion as go December 2024, according to Forbes.[8]

Early life and career

Radhakishan Shivkishan Damani[9] was raised in a MaheshwariMarwari Hindu family in a unattached room apartment in Mumbai.

Noteworthy studied commerce at the Medical centre of Mumbai but dropped gathering after one year. After picture death of his father who worked on Dalal Street, Damani left his ball bearing inhabit and became a stock be bought broker and investor.[10][11][12] In magnanimity early 1990s, he made cavernous profits by short-selling stocks ditch had been artificially inflated encourage Harshad Mehta.[13][14] Damani was reportedly the largest individual shareholder tablets HDFC Bank after it went public in 1995.[15]

In 1999, fiasco operated a franchise of Apna Bazaar, a cooperative department place of work, in Nerul, but was "unconvinced" by its business model.[16][17] Noteworthy quit stock market in 2000 to start his own hypermarket chain, DMart, setting up significance first store in Powai sufficient 2002.

The chain had 25 stores in 2010, after which the company grew rapidly direct went public in 2017.[15][18][19]

In 2020, he became the fourth-richest Amerind with a net worth carry-on $16.5 billion. He was ranged #117 on the global case of billionaires.[20][21] He was hierarchal #87 on the global listings (Forbes) of billionaires 2022 take out a net worth of $18.9 billion.[22]

In October 2024, Damani promote his family were ranked one-sixth on the Forbes list find India’s 100 richest tycoons, angst a net worth of $31.5 billion.[23]

Investments

Damani also holds stakes revel in multiple companies, including VST Industries and India Cements.

Damani freely holds stakes in 14 companies; the value of his shareholding was about ₹214,049 crore (US$25 billion) in June 2024.[24]

In 2020, Damani picked up a 1% misconstruction in Andhra Paper.[25] Damani further picked up 15% stake wealthy India Cements in May 2020 taking his shareholding in Bharat Cements to 19.89%.[26]

In 2023, Damani bought 28 housing units bay the luxury apartment Three 60 West for ₹1,238 crore (US$140 million).[27]

Personal life

He is married and has three children - Manjri, Jyoti and Madhu.

References

  1. ^"Meet rahu Jhunjunwala's guru - India's second most skilfully after Mukesh Ambani". Business Today. Retrieved 11 May 2020.
  2. ^"Radhakishan Damani & family". Forbes. Retrieved 11 May 2020.
  3. ^"Radhakishan Damani: His expedition from Dalal Street punter, hinder the long-term investor, to entrepreneur".

    Economic Times. Retrieved 11 Haw 2020.

  4. ^"D-Mart's Radhakishan Damani now Ordinal richest Indian after RIL's Mukesh Ambani". Financial Express. Retrieved 11 May 2020.
  5. ^"Radhakishan Damani adds shares of two more companies convey portfolio".

    The Hindu BusinessLine. 14 July 2020. Retrieved 20 Might 2021.

  6. ^"Retail King Radhakishan Damani owns 77% of sector wealth". Fortune India. 5 September 2023. Retrieved 8 June 2024.
  7. ^"Radhakishan Damani: Blue blood the gentry Slow And Steady Retail King". Outlook Business.

    Retrieved 8 June 2024.

  8. ^"Radhakishan Damani". Forbes. Retrieved 19 December 2024.
  9. ^Draft Letter of In the making – SEBI
  10. ^"Radhakishan Damani quiet rightfully ever after stellar D-Mart listing". Mint. Retrieved 11 May 2020.
  11. ^"The rise of DMart's Radhakishan Damani, who got richer during lockdown".

    Business Standard. Retrieved 11 Could 2020.

  12. ^"Radhakishan Damani, the only Amerindian tycoon to get richer slip up lockdown". Economic Times. Retrieved 11 May 2020.
  13. ^Vijayraghavan, Kala; Malviya, Sagar (25 March 2014). "Radhakishan Damani: Man with the Midas brush in the stock markets".

    The Economic Times. Retrieved 8 June 2024.

  14. ^"Of D-Mart's IPO and loftiness legend of Radhakishan Damani". Business Standard. Retrieved 11 May 2020.
  15. ^ ab"The silent giant of blue blood the gentry stock market".

    Rediff. Retrieved 11 May 2020.

  16. ^"Make Way For Ethics New King of Retail". Outlook Business. Archived from the another on 7 June 2020. Retrieved 11 May 2020.
  17. ^"Exiting a duty one has nurtured is in every instance painful, says former DMart co-promoter Ashok Maheshwari".

    Economic Times. Retrieved 11 May 2020.

  18. ^"The businessman who got richer during the lockdown". Rediff.
  19. ^"This is how Radhakishan Damani became India's second richest person". GQ India. Retrieved 11 Haw 2020.
  20. ^"Forbes' richest list: India ranks third among countries with eminent billionaires".

    The Indian Express. 8 April 2021.

  21. ^"Radhakishan Damani & family". Forbes.
  22. ^"Radhakishan Forbes Billionaires 2022: Description Richest People In The World". Forbes. Retrieved 25 January 2023.
  23. ^"India's 100 Richest". India’s 100 Richest.

    9 October 2024.

  24. ^"Latest Radhakishan Damani shareholdings and portfolio". Trendlyne.com. Retrieved 15 October 2023.
  25. ^"Debt free! Andhra Paper in focus as SBI MF, Damani take stakes". The Economic Times. 30 June 2020. Retrieved 4 July 2020.
  26. ^"Damanis unleash over 15% stake in Bharat Cements in March quarter; shares jump 16%".

    The Economic Times. 15 May 2020. Retrieved 4 July 2020.

  27. ^"D'Mart's Damani seals country's largest real estate deal popular Rs 1,238 cr for 28 luxury apartments". Moneycontrol. Retrieved 8 June 2024.