This man is richer than many famous Indian billionaires – Who is Radhakishan Damani?

New Delhi: Radhakishan Damani, a veteran Mumbai investor, recently made it to the Forbes 2017 Billionaire list.

The media-shy Damani's wealth has surpassed many famous Indian Billionaire –Anil Ambani, Ajay Piramal, Rahul Bajaj and Anil Agarwal.

 

“Low profile Damani rarely makes appearances at public events and avoids speaking to the press,” a Forbes report has said.

Here are a few lesser known facts about Radhakishan Damani

Forbes has calculated Damani family’s net worth at $2.3 billion

Damani is the owner of the D-Mart supermarket chain

Damani recently made his debut IPO of D-Mart

D-Mart's market capitalisation rose to Rs 36,758 crore on the BSE

He is touted to be a mentor to billionaire investor Rakesh Jhunjhunwala

He holds stakes in a range of companies –VST industries, India Cements, Gillette, Crisil,  3M India, Radisson Blu Resort, Blue Dart Express Ltd to name a few

Damani is often called "Mr White and White" due to donning an all-white attire

He was a first-year commerce college drop out

Damani's family was in the ball bearings business, but he had to reluctantly join the stock market as a broker and trader in the late 1980s after his father's demise

Soon,  he successfully became one of the country's finest value investors in the equity market