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Radhakishan Damani
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Radhakishan Damani

Net Worth : $1 Billion  (As of 2014-15) He is a low-profile stock market veteran who invests on his own account. His portfolio includes a string of blue-chip stocks that he has been accumulating over the years. Notable holding is a 26 percent stake in cigarette maker VST Industries, an affiliate of British American Tobacco. A big chunk of his wealth also comes from hypermarket chain D-Mart, which he set up and grew into a chain of more than 70 outlets, mostly in western India. He has pledged $8 million to a Bangalore institute and $1.8 million to the new Ashoka University. His close friend is fellow investor Rakesh Jhunjhunwala (ranked 51) who refers to Damani as his 'guru'.Radhakishan 'RK' Damani, 59, likes to let his work speak for itself. And it speaks volumes. It tells about a value investor whose portfolio of listed investments, at its last-known market value of Rs 1,731 crore, is an eight-bagger. It tells about a stock market trader who has eyeballed Harshad Mehta and ITC in their prime, and made a killing. It tells about the retail business that Jhunjhunwala covets, one that checks out about Rs 4,500 crore through its cash counters and yet barely registers in the happening retail landscape of India.

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