Ramesh Damani

Net Worth : $1 billion (as of 2014-15) In 1989, armed with a Master’s degree from California State University at Northridge, Ramesh Damani became a member of the Bombay Stock Exchange. He had planned to make a living through broking. But what really excited him was identifying potentially successful businesses, and investing in them for the long term. Damani’s father had been successful in the market, but he always sold the moment a stock’s price went up. “He always created income for the family, but never wealth,” says Damani. Damani’s father had been successful in the market, but he always sold the moment a stock’s price went up. “He always created income for the family, but never wealth,” says Damani. His first big move in 1993 was when Infosys went public. Having briefly worked as a coder in the US, he knew Infosys would benefit from a huge labour arbitrage. He invested Rs 10 lakh in both Infosys and CMC. By 1999, his investment had grown hundred fold.