Nikhil Kamath India’s Youngest Billionaire at 37 on Forbes India’s 100 Rich list. With a combined net worth of $5.5 billion with his brother Nithin Kamath, he is ranked 40th on Forbes’ most recent list of the richest people in India. Zerodha, a fintech startup created by the Kamath brothers in 2010, revolutionised the field of zero-cost equity investments.
Nikhil Kamath India’s Youngest Billionaire at 37
Nithin Kamath, the other co-founder, turned 44 this past week. It so happened that he flew with Indigo on his birthday and learned that the airline had thrown a bash 35,000 feet above. In his birthday greetings, his younger brother Nikhil urged him to keep up his physical condition and flex his biceps.
On October 11, Nikhil Kamath, who is also a co-founder of True Beacon and GetVantage, revealed on his LinkedIn profile that the “WTF Fund” had been established. The fund’s objective is to give up-and-coming entrepreneurs the chance to succeed in industries such as home brands, fashion, and beauty. Kamath added that Kishore Biyani, the founder of Future Group, Ananth Narayanan, the founder of Mensa Brands, and Raj Shamani, the producer of content and the originator of the House of CX and Figuring Out podcast, would all be involved in this endeavour.
According to Kamath, Zepo’s youthful founders, Adit Parekh and Kavalya Vohra, achieved remarkable success, which served as the impetus for the idea to create a fund for budding entrepreneurs.
• In 2010, Nithin and Nikhil Kamath, brothers, established the low-cost brokerage Zerodha, which went on to revolutionise the Indian brokerage industry.
• With over 12 million customers, Zerodha is among the biggest brokerage companies in the nation.
• They invest in fintech businesses and initiatives that advance financial inclusion through their venture capital fund and incubator, Rainmatter.
• They target extremely wealthy investors with their investment management company True Beacon, which uses a zero-fee business model.
• Nikhil Kamath, the younger brother, signed the Giving Pledge in June 2023.
Nikhil Kamath :
An influential social media user, investor, businessman, and entrepreneur from India is Nikhil Kamath. On September 5, 1987, he was born in Shimoga, Karnataka, India. At the age of 35, he is among India’s youngest billionaires. In 2001, his attention turned to the Indian National Chess Championship, which led him to drop out of the tenth grade. Nikhil’s schooling came easily to him because he has always had a business-oriented mindset. At the age of 14, he began his first commercial enterprise, selling secondhand phones. As the CEO and co-founder of the well-known company Zerodha, he has great popularity throughout the nation.
The CEO and co-founder of the brokerage company Zerodha is Nikhil Kamath. As of 2022, his total wealth was estimated to be at 11,100 crore rupees, or 1.48 billion dollars, based on media claims that he received an annual salary of about 100 crore rupees. The majority of his fortune has come from his entrepreneurial endeavours. The initial public offering and a few additional particulars of his financial activity are included in the anticipated amount. Nikhil Kamath’s estimated net worth as of 2022 is $1.48 to $1.55 billion, according to sources.
The CEO and co-founder of Zerodha, the biggest stock brokerage company in India with its headquarters located in Bengaluru, Karnataka, is Nithin Kamath. He is a prominent figure in the financial sector as well as an Indian businessman and stockbroker. Nithin gained recognition in the financial industry for his innovative work in discount broking, which aided in Zerodha’s development.
Many people are aware of Nithin Kamath’s accomplishments and influence on the Indian business scene. He has won various honours and recognitions, and in 2016 The Economic Times listed him among India’s top 10 entrepreneurs, highlighting his role in bargain broking in particular. He also received the 2019 Forbes India Leadership Award for Conscious Capitalist of the Year. Additionally, his business ventures have producedHis entrepreneurial endeavours have also contributed to his substantial wealth accumulation, as seen by his $1.5 billion net worth.
The achievement of Zerodha is likewise highly recognised. On the 2020 Under Self-Made Rich List and the IIFL Wealth Hurun India 40, it came in first place. These successes demonstrate Nithin Kamath’s aptitude for entrepreneurship and his significant influence in the Indian brokerage sector.
The Joint Wealth of the Kamath Brothers
At 44 years old, their elder brother Nithin Kamath is among the youngest billionaires. The Kamath brothers have a combined net worth of $5.5 billion, placing them 40th out of the 100 richest people in India according to Forbes.
These two were listed on the 2023 Hurun India Rich List at the beginning of this week. Notable Indian startup founders have made their way onto Forbes and Hurun India’s lists of the nation’s wealthiest people in recent years.
Nikhil’s Kamath WTF Fund
Co-founder of Zerodha Nikhil Kamath recently announced the WF Fund’s launch on his podcast, “WF.” The fund’s goal is to assist young entrepreneurs under the age of 22, with a particular emphasis on sectors including household brands, fashion, and beauty.
Nikhil Kamath, co-founder of Zerodha, has introduced the WTFFund, a funding and mentorship program for entrepreneurs under 22 years of age in the beauty, home, fashion, and lifestyle sectors.
Introducing the #WTFFund! Kamath shared in a social media post that young entrepreneurs under 22 can now secure funding and guidance in sectors like home, fashion, beauty, and lifestyle.Currently, eligible entrepreneurs can apply to be a part of the WTFFund program, which is accepting applications until October 16, 2023. Under Nikhil Kamath’s leadership, the program will shortlist two startups, each receiving a funding of 40 lakh rupee
What Does Zerodha Serve?
Trading in stocks, bonds, currencies, commodities, and mutual funds is available on Zerodha. An investor must pay ₹300 in order to register a Zerodha account. Free equity delivery trading is offered by them.
There are various sorts of transactions, including equities delivery, equity intraday, futures, and options. A flat cost of ₹20 is applied to each trade sans brokerage fees. Every month, almost 2 million new Zerodha accounts are created. The UI and login on Zerodha are easy to use and made with novices in mind.
Users of the online trading platform Zerodha Kite, a recent addition to Zerodha, can trade on the BSE, NSE, and MCX. It is an internal front-end application developed by engineers at Zerodha. Another well-liked tool that assists users in figuring out the necessary margin for futures and options contracts is the Zerodha Margin Calculator.
How Does Money Made by Zerodha?
Millions of people use Zerodha, a low-cost trading platform with free add-ons, to trade stocks or make investments and pay Zerodha for brokerage services. It’s an internet platform that also helps them expand their business and lower operating expenses. Zerodha does invest funds in marketing and advertising.