With a combined networth that currently stands at $5.5 billion, Nikhil and older brother Nithin Kamath are at the 40th spot in Forbes’ latest list of India’s 100 richest people.
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Nikhil Kamath, co-founder of Zerodha, is officially the youngest billionaire at 37. Ranked 40 among the richest persons in India, the combined net worth of brothers Nithin and Nikhil Kamath currently stands at $5.5 billion, according to Forbes’ latest list of India’s 100 richest people. The Kamath duo founded fintech company Zerodha in 2010 which revolutionised zero-cost equity investing.
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The Kamath brothers’ path to becoming billionaires commenced with the inception of their fintech venture, Zerodha, in 2010. Zerodha’s impact was profound, as it revolutionized the equity investment landscape by pioneering the concept of zero-cost investing, effectively expanding access to a broader spectrum of investors. This disruptive approach to trading and investing significantly contributed to their remarkable financial success.
Nithin Kamath, the co-founder of Zerodha, recently celebrated his 44th birthday in a unique way. He was on board an IndiGo flight during his birthday, and the airline confirmed a birthday celebration taking place at 35,000 feet in the air. To make the day even more special, Nikhil Kamath, the younger brother, sent out a heartwarming birthday wish, encouraging Nithin to “keep flexing those biceps” and maintain his fitness levels.
Not content with their financial achievements alone, Nikhil Kamath has ventured into the realm of supporting young entrepreneurs. On October 11, he shared a significant initiative on his LinkedIn account known as the WTF Fund. This fund has a noble objective: to provide emerging entrepreneurs with opportunities to excel, particularly in sectors like fashion, beauty, and home brands. In this philanthropic endeavor, Nikhil Kamath is joined by notable figures in the industry, including Kishore Biyani, the founder of Future Group, Ananth Narayanan, the founder of Mensa Brands, and Raj Shamani, a content creator and the founder of House of X and the Figuring Out Podcast.
The inspiration behind the creation of the WTF Fund came from the remarkable journey of Aadit Palecha and Kaivalya Vohra, the young founders of Zepto. Nikhil Kamath recognized the potential of budding entrepreneurs like them and decided to take proactive steps to support their growth and innovation. With this fund, he aims to foster a thriving ecosystem for young talents to flourish and bring their innovative ideas to life.
The remarkable path of Nikhil and Nithin Kamath, from their inception of Zerodha to attaining billionaire status, serves as a powerful testament to their visionary acumen, unwavering diligence, and the entrepreneurial fire that drives them. Beyond reshaping the financial landscape with their groundbreaking innovations, the Kamath brothers are generously sowing the seeds of entrepreneurship among the upcoming generation. Their narrative stands as a wellspring of motivation for countless aspiring business pioneers, underscoring the profound truth that through tenacity and innovation, one can ascend to extraordinary pinnacles of success.