Zerodha’s Nikhil Kamath becomes youngest Indian to join Giving Pledge, to donate majority of his wealth (2024)

The co-founder of Zerodha, Nikhil Kamath (35), became the youngest Indian to join the Giving Pledge where he committed to giving away the majority of his wealth. He said he is committed to positively impacting the world despite his young age.

Zerodha’s Nikhil Kamath becomes youngest Indian to join Giving Pledge, to donate majority of his wealth (1)

Nikhil Kamath started working full time at the age of 17 and his experience largely revolves around the stock markets.

Zerodha co-founder Nikhil Kamath became the youngest and fourth Indian to join 'The Giving Pledge', where the wealthiest families and individuals globally commit to giving the majority of their fortune to charitable causes.

The campaign was founded by Warren Buffett, Melinda French Gates, and Bill Gates in 2010. Kamath (35) is only the fourth Indian after Azim Premji, Kiran Mazumdar-Shaw, and Rohini and Nandan Nilekani to join the community, reported Business Today.

“As a young philanthropist, I am writing to express my gratitude whilst joining the Giving Pledge. Despite my age, I am committed to positively impacting the world and believe that the foundation's mission of creating a more equitable society aligns with my values and aspirations,” Kamath said.

Nikhil Kamath started working full-time at the age of 17 and his experience largely revolves around the stock markets.

Spending over 18 to 19 years in the stock market, he said his expertise is mostly in investing and he spends most of his time looking at investing in both public and private markets.

Kamath founded Zerodha in 2010, as well as Gruhas for private investments, hedge fund True Beacon that manages wealth for ultra HNIs in India, fintech incubator Rainmatter, and Rainmatter Foundation, which supports climate-related non-profits.

Published By:

Manisha Pandey

Published On:

Jun 6, 2023

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Zerodha’s Nikhil Kamath becomes youngest Indian to join Giving Pledge, to donate majority of his wealth (2024)

FAQs

At what age did Nikhil Kamath become billionaire? ›

Meet Zerodha's Nikhil Kamath, India's youngest billionaire at 37; know about his journey, lifestyle and net worth.

How did Zerodha became successful? ›

Zerodha, in its first year, opened 3,000 accounts. In India, when the cost of any product or service is less, people generally start questioning the quality. And that was the biggest milestone for the Zerodha founders to conquer. As a result of this, they built a community that also helped them in the long run.

How did Nikhil Kamath make money? ›

From a school dropout who sold phones at the age of 14 to becoming the co-founder of India's largest stockbroker, Zerodha, and the country's youngest billionaire, his story is a testament to the power of determination, timing, and the pursuit of dreams. Let's delve into the inspiring journey of Nikhil Kamath.

How much is Nikhil Kamath worth in rupees? ›

As of December 10, 2023, Nithin Kamath's net worth was calculated at Rs 22,526 crore ($2.7 billion) and Nikhil Kamath's net worth stood at Rs 9,177 crore ($1.1 billion), as per Forbes real time data.

Who is India's 1st youngest billionaire? ›

Synopsis. Pearl Kapur, at the age of 27, has made history as India's youngest billionaire, boasting a net worth of Rs 9,129 crore. His remarkable journey began with the founding of Zyber 365, a Web3 startup that quickly attained unicorn status within months.

Who is the richest youngest Indian in the world? ›

Synopsis. Nikhil Kamath, aged 37, is India's youngest billionaire, valued at $3.1 billion, according to Forbes 2024. His elder brother, Nithin Kamath, 44, is worth $4.6 billion.

How rich is Zerodha? ›

Zerodha valued itself at $3.6 billion or ₹30,000 crore which is an almost 80 per cent spike from a self-assessed valuation of $2 billion in 2021 when the firm announced a ₹200 crore employee stock ownership plan (ESOP) buyback plan.

Is Zerodha really profitable? ›

Stockbroking major Zerodha clocked overall revenue of around Rs 6,875 crore in fiscal year 2023 and a profit after tax of Rs 2,900 crore. In the previous fiscal year the company had reported Rs 4,964 crore revenue and a profit of around Rs 2,097 crore. “We continued to see phenomenal growth even in FY 22/23.

Why is Zerodha special? ›

Zerodha Pros (Advantages)

Most popular Broker - Zerodha is the largest stock broker in India (by the number of active clients and daily trading volume). Brokerage free Equity Delivery Trades - You don't pay any brokerage when you buy shares using cash-and-carry (CNC). Delivery trade has no leverage.

Who is the youngest billionaire Nikhil in India? ›

Nikhil Kamath, India's youngest billionaire, leads the pack with a net worth of $3.1 billion, according to the Forbes Billionaires List 2024. Alongside him, his brother and Zerodha co-founder Nithin Kamath, and Flipkart co-founders Sachin and Binny Bansal, have also emerged as the country's youngest billionaires.

Who is the youngest billionaire Nikhil Kamath? ›

Nikhil Kamath, the youngest billionaire in India and co-founder of Zerodha, recently imparted his life philosophy to a group of young entrepreneurs. With a staggering net worth of $3.1 billion, Kamath's journey from dropping out of school to becoming a thriving entrepreneur serves as a source of inspiration.

How is Nikhil Kamath a billionaire? ›

Nikhil Kamath - India's youngest billionaire - is ranked 1062 on the Forbes list with a net worth of $3.1 billion. “Nikhil Kamath cofounded discount brokerage Zerodha in 2010 with his older brother Nithin Kamath. It went on to disrupt the brokerage market in India.

Who is youngest billionaire in world? ›

A 19-year-old Brazilian student, Livia Voigt, claims the title of the world's youngest billionaire, surpassing Italian teen Clemente Del Vecchio.

Who is the girlfriend of Kamath? ›

But, looks like the duo has now broken off and Kamath has found love in Rhea Chakraborty. Rumour mills are abuzz that the duo is seeing each other. Rhea was recently spotted arriving at a party with her rumoured beau.

What is the richest Indian family? ›

The Ambani family in India has been called Asia's richest family by Forbes.

Who is the youngest billionaire in India Nikhil Kamath? ›

Synopsis. Nikhil Kamath, the youngest billionaire in India and co-founder of Zerodha, recently imparted his life philosophy to a group of young entrepreneurs. With a staggering net worth of $3.1 billion, Kamath's journey from dropping out of school to becoming a thriving entrepreneur serves as a source of inspiration.

Who is the 12 year old millionaire India? ›

Pixie Curtis, the 12-year-old child millionaire, made a return to the entrepreneurial work just over a year after declaring her retirement in order to focus on “school work.” She became famous when as a pre-schooler she started her businesses and maintained a presence on social media platform Instagram.

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