Today many people invest in the Indian stock market, but not everyone is able to make profits. Most people leave the stock market after suffering losses. There are only a few people who become one of the rich. There is one such person who not only made money from the stock market, but also built a company worth crores and created property worth billions of rupees.
We are talking about Radhakishan Damani, the biggest investor in the Indian stock market. He is a big name in the retail market and his company is Avenue Supermarts, which operates D-Mart Malls in big cities. Every retail related item is sold in it. The market cap of the company has exceeded Rs 3.25 lakh crore.
Damani became the 8th richest person in India
Radhakishan Damani is being discussed today because Hurun India has released a new list in which Radhakishan Damani has been included in the top 10 richest people of the country. Radhakishan Damani has been placed at number 8 in the Hurun India 2024 list and his net worth is said to be Rs 190,900 crore. The report says that Damani has earned this income from the stock market and his company.
Started with stock brokerage
Before entering the retail business, Damani was a stock broker. Radhakishan Damani started his career as a stock broker, but soon he realized that if he wanted to earn money from the market, he would have to get into this business. After this, he started stock trading in the stock market. He earned tremendous profits from his stock trading practice.
Entry into the retail market
After achieving immense success in Dalal Street, he left the stock market and entered the retail industry in 2001. He launched the DMart supermarket and hypermarket chain. DMart is a one-stop supermarket and hypermarket chain, which was first started in Powai, Mumbai. Today it is one of the largest companies in the country. DMart has more than 300 stores across the country.
stay away from glitter
Radhakishan Damani lives a simple life and is often seen wearing white clothes. Staying away from glitz and glamour is the biggest specialty of billionaire investor Radhakishan Damani. Damani is an expert in taking big decisions and risks. The journey of the last two decades says that Damani took risks and his fortunes changed. After the IPO of Avenue Supermarket came in March 2017, Damani started being called the retail king of India. Radhakishan Damani’s company Avenue Supermarket was listed in the stock market on 21 March 2017, after which his wealth became more than many rich families.
I had left college midway
Born in 1954 in a Marwari family in Bikaner, Rajasthan, Radhakishan Damani started trading in the stock market when he lived with his family in a small apartment in Mumbai. He dropped out of college to pursue a career as a stock market investor and later became famous as the country’s biggest investor. Late legendary investor Rakesh Jhunjhunwala considered Radhakishan Damani as his mentor.
Source (PTI) (NDTV) (HINDUSTANTIMES)