Presented herein is a new and independent derivation of equation for the radius of Black Holes, i.e. the event horizon of black holes. The equation has been derived by formulating the relativistic equation of escape velocity derived from the relativistic equations for gravitational potential and kinetic energy. Based upon that, it is now shown that the actual size of a black hole, as determined by its event horizon, is exactly half the value predicted by the escape velocity equation used in the Newtonian mechanics. It proves that the actual radius of a black hole is exactly one half of the Schwarzschild radius.