Radhakishan Damani’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2021 | $16.5 billion | Forbes World's Billionaires List 2021 |
| 2022 | $20 billion | Forbes World's Billionaires List 2022 |
| 2023 | $15.3 billion | Forbes World's Billionaires List 2023 |
| 2024 | $17.6 billion | Forbes World's Billionaires List 2024 |
| 2025 | $15.4 billion | Forbes World's Billionaires List 2025 |
| 2026 | $15.7 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $13 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Radhakishan Damani’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Radhakishan Damani has an estimated net worth of $13 billion, according to Forbes Real-Time Billionaires, Radhakishan Damani profile (figures as of October 20, 2026). That is down from a peak of $20 billion.
Radhakishan Damani is an Indian businessman and investor best known for founding and chairing DMart, the retail chain run by Avenue Supermarts. He started in the stock market as a broker and investor after leaving his ball bearing business. In 1999, he ran an Apna Bazaar franchise in Nerul, then stepped away from the market in 2000 to build his own retail business. That move set up his long run in supermarkets and consumer retail.
His rise in wealth came from retail and investments. Damani opened his first store in Powai in 2002, and the chain reached 25 stores by 2010 before expanding faster. Forbes says he became India’s retail king after the 2017 IPO of Avenue Supermarts. The business grew from one suburban Mumbai store into a chain selling grocery, apparel, and footwear. He also owns stakes in companies including VST Industries and had a holding in India Cements.
How Radhakishan Damani makes money
Most of Damani’s fortune comes from retail. After trying an Apna Bazaar franchise in 1999, he left the stock market in 2000 and started his own hypermarket chain. The first DMart store opened in 2002 in Powai. Avenue Supermarts later became the main engine of his wealth, especially after its 2017 IPO. Forbes says the chain grew from one Mumbai-area store into a business that sells grocery, apparel, and footwear across a much bigger network.
He also makes money from investing and property. Damani has held stakes in a range of companies, including VST Industries and India Cements. In June 2024, he and his younger brother sold their holding in India Cements to Kumar Birla. Forbes also notes a property portfolio that includes the 156-room Radisson Blu Resort in Alibag. In 2023, he and his brother reportedly paid $155 million for 28 apartments in a luxury tower in Mumbai.
Forbes net worth track
Forbes estimated Damani’s wealth at $16.5 billion in 2021, then $20 billion in 2022. It later put him at $15.3 billion in 2023 and $17.6 billion in 2024. Those swings fit a fortune tied to a listed retail company along with market investments. His wealth is also linked to Avenue Supermarts, the company behind DMart, which became the key public marker of his business after the 2017 IPO.
The recent Forbes numbers moved lower after that. Forbes put him at $15.4 billion in 2025 and $15.7 billion in 2026. On Forbes’ real-time billionaires tracker, he stood at $13 billion as of October 20, 2026. Outside the main retail business, his holdings in companies and real estate add more layers to the picture. Forbes also describes him as a low-profile investor who rarely appears at public events or speaks to the press.
Career and money timeline
- 1999
He operated an Apna Bazaar franchise in Nerul.
- 2002
He opened the first DMart store in Powai.
- 2010
DMart had 25 stores by this year.
- 2017
Avenue Supermarts went public and raised his profile.
- 2024
He and his brother sold their India Cements holding in June.
Radhakishan Damani net worth FAQ
What is Radhakishan Damani's net worth?
Radhakishan Damani's net worth is an estimated $13 billion, according to Forbes Real-Time Billionaires, Radhakishan Damani profile (October 20, 2026). It is an estimate, not an official figure.
How did Radhakishan Damani get so rich?
The main sources named in the reporting we cite are: Retail, investments.
Is Radhakishan Damani a billionaire?
Yes. Forbes Real-Time Billionaires estimates Radhakishan Damani is worth $13 billion.
How has Radhakishan Damani's net worth changed?
The earliest published estimate we track is $16.5 billion (2021, Forbes World's Billionaires List 2021). The latest is $13 billion (October 20, 2026).
What is Radhakishan Damani best known for?
He is best known as the founder and chairman of DMart, the retail chain run by Avenue Supermarts. He is also known as a longtime investor.
What does Forbes say about his current wealth?
Forbes' real-time billionaires tracker showed him at $13 billion as of October 20, 2026. Forbes links his wealth to retail and investments.
Sources
- Forbes Real-Time Billionaires, Radhakishan Damani profile (October 20, 2026)
- Forbes World's Billionaires List 2021, Radhakishan Damani profile (April 6, 2021)
- Forbes World's Billionaires List 2022, Radhakishan Damani profile (April 5, 2022)
- Forbes World's Billionaires List 2023, Radhakishan Damani profile (April 4, 2023)
- Forbes World's Billionaires List 2024, Radhakishan Damani profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Radhakishan Damani profile (April 2025)
- Forbes World's Billionaires List 2026, Radhakishan Damani profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Radhakishan Damani (accessed October 20, 2026). Used for career facts only, never for figures.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.