Radhakishan Damani, the founder of Avenue Supermarts and a low-profile investor, has made his way into India's richest 20 club with a blockbuster listing of his company that runs D-Mart retail chain.


With the listing at a premium of over 114 per cent, the shares controlled by 61-year-old Damani, including through his family members and investment firms, are now worth a stellar USD 5.1 billion. This makes him richer than several other well-known billionaires, including Anil Ambani, Rahul Bajaj, Ajay Piramal and Kalanithi Maran, to become the 16th richest Indian. Mukesh Ambani remains the richest with an estimated net worth of USD 27.6 billion, as per the real-time data of Forbes, known for its rich lists across the world.