Nikhil Kamath: Difference between revisions
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{{Short description|Indian businessman}} |
{{Short description|Indian businessman}} |
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{{for|the Indian musician|Nikhil–Vinay}} |
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{{Undisclosed paid|date= |
{{Undisclosed paid|date=March 2024}} |
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{{DISPLAYTITLE:Nikhil Kamath}} |
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{{Infobox person |
{{Infobox person |
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| name = Nikhil Kamath |
| name = Nikhil Kamath |
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| image = |
| image = Nikhil Kamath at World Economic Forum.png |
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| caption = Kamath in 2023 |
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| birth_date = {{birth date and age|df=y|1986|09|05}} |
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| birth_place = [[Shimoga]], [[Karnataka]], India |
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| nationality = Indian |
| nationality = Indian |
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| occupation = |
| occupation = {{hlist|Entrepreneur|Investor}} |
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| organization = Zerodha |
| organization = [[Zerodha]]<br>True Beacon<br>Gruhas |
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| relatives = |
| relatives = |
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| website = {{url|https://zerodha.com/|Zerodha}} |
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}} |
}} |
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'''Nikhil Kamath''' (born September |
'''Nikhil Kamath''' (born 5 September 1986)<ref>{{Cite web |last=iyer |first=rahul |date=2024-10-01 |title=Who is Nikhil Kamath: The youngest Billionaire in India |url=https://www.leaderbiography.com/nikhil-kamath/ |access-date=2024-10-04 |website=Leader Biography |language=en |archive-date=2024-10-07 |archive-url=https://web.archive.org/web/20241007091745/https://www.leaderbiography.com/nikhil-kamath/ |url-status=live }}</ref> is an Indian entrepreneur and investor.<ref>{{Cite web |date=2022-12-26 |title=Nikhil Kamath's True Beacon doubles down on its PMS product |url=https://www.thehindubusinessline.com/companies/nikhil-kamaths-true-beacon-doubles-down-on-its-pms-product/article66307128.ece |access-date=2023-05-30 |website=www.thehindubusinessline.com |language=en |archive-date=2023-05-30 |archive-url=https://web.archive.org/web/20230530070812/https://www.thehindubusinessline.com/companies/nikhil-kamaths-true-beacon-doubles-down-on-its-pms-product/article66307128.ece |url-status=live }}</ref> He is the co-founder of [[Zerodha]], a retail stockbroker, and True Beacon, an asset management company.<ref name="aljazeera_2021-09-31">{{Cite web |last=Bahree |first=Megha |title=From dropout to fintech disruptor: Zerodha's Nikhil Kamath |url=https://www.aljazeera.com/economy/2021/9/13/from-dropout-to-fintech-disruptor-zerodhas-nikhil-kamath |access-date=2023-05-30 |website=www.aljazeera.com |language=en}}</ref><ref>{{cite web |last1=Bharat |first1=Monali |title=Zerodha's Nikhil Kamath on Why He Doesn't Have Kids, Focuses on Purpose |url=https://www.brutimes.com/news/bollywood/zerodha-kamath-challenges-parenthood-legacy-charts-new-course |website=Bru Times News |language=en |access-date=2024-07-08 |archive-date=2024-07-08 |archive-url=https://web.archive.org/web/20240708183916/https://www.brutimes.com/news/bollywood/zerodha-kamath-challenges-parenthood-legacy-charts-new-course |url-status=live }}</ref><ref name="zerodhas-nikhil-kamath-backed">{{Cite web |date=2022-06-15 |title=Zerodha's Nikhil Kamath-backed True Beacon looks at disrupting UHNI wealth management arena |url=https://www.businesstoday.in/latest/corporate/story/zerodhas-nikhil-kamath-backed-true-beacon-looks-at-disrupting-uhni-wealth-management-arena-337679-2022-06-15 |access-date=2023-05-30 |website=Business Today |language=en}}</ref> Kamath is a part of the 2024 [[Forbes]] World Billionaires List with a net worth of $3.1 billion.<ref>{{Cite web |date=2024-04-05 |title=Nikhil Kamath is India’s youngest billionaire; Know about his career, education, and net worth. Check out who else is on Forbes’ 2024 list |url=https://www.financialexpress.com/life/lifestyle-nikhil-kamath-is-indias-youngest-billionaire-know-about-his-career-education-and-net-worth-check-out-who-else-is-on-forbes-2024-list-3447441/ |access-date=2024-10-18 |website=Financialexpress |language=en |archive-date=2024-08-10 |archive-url=https://web.archive.org/web/20240810003204/https://www.financialexpress.com/life/lifestyle-nikhil-kamath-is-indias-youngest-billionaire-know-about-his-career-education-and-net-worth-check-out-who-else-is-on-forbes-2024-list-3447441/ |url-status=live }}</ref><ref>{{Cite web |title=Forbes Billionaires 2024 |url=https://www.forbes.com/billionaires/ |access-date=2024-10-18 |website=Forbes |language=English |archive-date=2019-01-04 |archive-url=https://web.archive.org/web/20190104180124/https://www.forbes.com/billionaires/list/3/ |url-status=live }}</ref> He, along with his brother Nithin, is also part of [[Forbes]]' list of India’s 100 Richest for 2024.<ref>{{Cite web |last=KARMALI" |first="NAAZNEEN |title=India’s 100 Richest 2024 |url=https://www.forbes.com/lists/india-billionaires/ |access-date=2024-10-18 |website=Forbes |language=en |archive-date=2024-11-03 |archive-url=https://web.archive.org/web/20241103210346/https://www.forbes.com/lists/india-billionaires/ |url-status=live }}</ref> |
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== Early life and education == |
== Early life and education == |
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Kamath was born on September 5, 1986, in [[Karnataka]], [[India]]. Kamath dropped out of school after |
Kamath was born on September 5, 1986, in [[Karnataka|Shimoga, Karnataka]], [[India]]. Kamath was brought up in small town of Udupi called Udyavara. Kamath's father, Raghuram Kamath, was an executive at Canara Bank, while his mother, Revathi Kamath, was a skilled [[veena]] player.<ref>{{Cite web |last=iyer |first=rahul |date=2024-10-01 |title=Who is Nikhil Kamath: The youngest Billionaire in India |url=https://www.leaderbiography.com/nikhil-kamath/ |access-date=2024-10-04 |website=Leader Biography |language=en |archive-date=2024-10-07 |archive-url=https://web.archive.org/web/20241007091745/https://www.leaderbiography.com/nikhil-kamath/ |url-status=live }}</ref> Kamath dropped out of school after 10th grade and he has no formal degree.<ref name="aljazeera_2021-09-31"/><ref>{{Cite web |title=How This School Dropout Became India's Youngest Billionaire |url=https://www.ndtv.com/offbeat/nikhil-kamath-the-school-dropout-who-became-the-billionaire-co-founder-of-zerodha-2409912 |access-date=2023-05-30 |website=NDTV.com |archive-date=2023-05-30 |archive-url=https://web.archive.org/web/20230530070813/https://www.ndtv.com/offbeat/nikhil-kamath-the-school-dropout-who-became-the-billionaire-co-founder-of-zerodha-2409912 |url-status=live }}</ref><ref>{{Cite web |date=2023-04-26 |title=Nikhil Kamath Journey: All about Zerodha founder's inspiring journey |url=https://www.firstpost.com/india/from-call-centre-job-to-indias-youngest-billionaire-nikhil-kamaths-inspiring-journey-12509562.html |access-date=2023-06-12 |website=Firstpost |language=en |archive-date=2023-05-30 |archive-url=https://web.archive.org/web/20230530132835/https://www.firstpost.com/india/from-call-centre-job-to-indias-youngest-billionaire-nikhil-kamaths-inspiring-journey-12509562.html |url-status=live }}</ref><ref>{{Cite web |last=Schultz |first=Abby |title=Young Billionaire Nikhil Kamath Is Giving Away His Money. Here's Why. |url=https://www.barrons.com/articles/young-billionaire-nikhil-kamath-is-giving-away-his-money-heres-why-2bfb411 |access-date=2023-08-04 |website=www.barrons.com |language=en-US |archive-date=2023-08-04 |archive-url=https://web.archive.org/web/20230804055554/https://www.barrons.com/articles/young-billionaire-nikhil-kamath-is-giving-away-his-money-heres-why-2bfb411 |url-status=live }}</ref> |
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== Career == |
== Career == |
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⚫ | Kamath started his career with a job at a call center while also engaging in equity trading on the side.<ref>{{Cite web |date=2021-07-20 |title=Who is India's youngest billionaire? How did he make it from zero to 'Zerodha' |url=https://sg.finance.yahoo.com/news/who-is-indias-youngest-billionaire-how-did-he-make-it-from-zero-to-zerodha-060020313.html |access-date=2023-05-30 |website=Yahoo Finance |language=en-SG |archive-date=2023-05-30 |archive-url=https://web.archive.org/web/20230530070812/https://sg.finance.yahoo.com/news/who-is-indias-youngest-billionaire-how-did-he-make-it-from-zero-to-zerodha-060020313.html |url-status=live }}</ref><ref>{{Cite web |date=2022-09-07 |title=How billionaire Nikhil Kamath's journey started with a Rs 8,000 a month call centre job |url=https://www.moneycontrol.com/news/trends/zerodha-co-founder-nikhil-kamaths-journey-from-earning-rs-8000-a-month-to-being-a-billionaire-9144611.html |access-date=2023-05-30 |website=Moneycontrol |language=en |archive-date=2023-05-30 |archive-url=https://web.archive.org/web/20230530070813/https://www.moneycontrol.com/news/trends/zerodha-co-founder-nikhil-kamaths-journey-from-earning-rs-8000-a-month-to-being-a-billionaire-9144611.html |url-status=live }}</ref><ref>{{Cite web |last=Cruze |first=Danny Cyril D. |date=2021-04-10 |title=From salary of ₹8,000 to a billionaire: Zerodha founder shares his story |url=https://www.livemint.com/news/india/from-a-salary-of-rs-8-000-to-becoming-a-billionaire-zerodha-founder-nikhil-kamath-shares-his-story-11618036024556.html |access-date=2023-05-30 |website=mint |language=en |archive-date=2023-05-30 |archive-url=https://web.archive.org/web/20230530070813/https://www.livemint.com/news/india/from-a-salary-of-rs-8-000-to-becoming-a-billionaire-zerodha-founder-nikhil-kamath-shares-his-story-11618036024556.html |url-status=live }}</ref> In 2006, Kamath became a sub-broker and started his brokerage firm with his brother Nithin Kamath titled Kamath & Associates to manage high-net-worth individual portfolios in the public markets.<ref name="aljazeera_2021-09-31" /> |
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In 2010, Kamath co-founded Zerodha along with his brother Nithin Kamath.<ref>{{Cite web |date=2022-09-09 |title=The billionaire brokers - Kamath brothers of Zerodha |url=https://www.thehindubusinessline.com/blchangemakers/the-billionaire-brokers/article65865885.ece |access-date=2023-05-30 |website=www.thehindubusinessline.com |language=en |archive-date=2023-05-30 |archive-url=https://web.archive.org/web/20230530070817/https://www.thehindubusinessline.com/blchangemakers/the-billionaire-brokers/article65865885.ece |url-status=live }}</ref><ref>{{Cite news |date=2021-01-14 |title=A Watch Collection Focused on Memories and Moments (Published 2021) |language=en |url=https://www.nytimes.com/2021/01/14/fashion/watches-collector-nikhil-kamath-india.html |access-date=2023-08-04 |archive-date=2023-08-04 |archive-url=https://web.archive.org/web/20230804055555/https://www.nytimes.com/2021/01/14/fashion/watches-collector-nikhil-kamath-india.html |url-status=live }}</ref> Zerodha provides brokerage services for dealing in stocks, currencies, and commodities.<ref>{{Cite news |date=2019-05-08 |title=Burned-Out Broker Got Rich Giving Free Trades to Millennials |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2019-05-08/burned-out-broker-gets-rich-helping-millennials-trade-for-free |access-date=2023-05-30}}</ref><ref>{{Cite web |title=Nithin And Nikhil Kamath: Code Zero |url=https://www.forbesindia.com/article/tycoons-of-tomorrow/nithin-and-nikhil-kamath-code-zero/51347/1 |access-date=2023-05-30 |website=Forbes India |language=en |archive-date=2023-05-30 |archive-url=https://web.archive.org/web/20230530070812/https://www.forbesindia.com/article/tycoons-of-tomorrow/nithin-and-nikhil-kamath-code-zero/51347/1 |url-status=live }}</ref> Kamath introduced a discount brokerage model with Zerodha which reduces the commission charged for transactions, enabling the masses to invest.<ref>{{Cite web |date=2021-05-31 |title=Nikhil Kamath: 'Bust in private equity space imminent… Everybody's valuation is inflated, even ours' |url=https://indianexpress.com/article/india/nikhil-kamath-bust-in-private-equity-space-imminent-everybodys-valuation-is-inflated-even-ours-7337161/ |access-date=2023-08-04 |website=The Indian Express |language=en}}</ref><ref>{{Cite web |title=The Curious Case Study Of Zerodha's Blue Ocean Strategy |url=https://www.forbesindia.com/article/bharatiya-vidya-bhavan039s-spjimr/the-curious-case-study-of-zerodhas-blue-ocean-strategy/77457/1 |access-date=2023-07-24 |website=Forbes India |language=en}}</ref> |
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=== Early days === |
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⚫ | Kamath started his career with a job at a call center while also engaging in equity trading on the side.<ref>{{Cite web |date=2021-07-20 |title=Who is India's youngest billionaire? How did he make it from zero to 'Zerodha' |url=https://sg.finance.yahoo.com/news/who-is-indias-youngest-billionaire-how-did-he-make-it-from-zero-to-zerodha-060020313.html |access-date=2023-05-30 |website=Yahoo Finance |language=en-SG}}</ref><ref>{{Cite web |date=2022-09-07 |title=How billionaire Nikhil Kamath's journey started with a Rs 8,000 a month call centre job |url=https://www.moneycontrol.com/news/trends/zerodha-co-founder-nikhil-kamaths-journey-from-earning-rs-8000-a-month-to-being-a-billionaire-9144611.html |access-date=2023-05-30 |website=Moneycontrol |language=en}}</ref><ref>{{Cite web |last=Cruze |first=Danny Cyril D. |date=2021-04-10 |title=From salary of ₹8,000 to a billionaire: Zerodha founder shares his story |url=https://www.livemint.com/news/india/from-a-salary-of-rs-8-000-to-becoming-a-billionaire-zerodha-founder-nikhil-kamath-shares-his-story-11618036024556.html |access-date=2023-05-30 |website=mint |language=en}}</ref> |
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⚫ | Kamath also co-founded True Beacon In 2020, an asset management company that helps ultra-high-net individuals invest in the Indian markets via privately pooled investment vehicles.<ref>{{Cite web |last=Jain |first=Aashika |date=2021-10-01 |title=In The Hot Seat With Forbes Advisor India: Nikhil Kamath |url=https://www.forbes.com/advisor/in/personal-finance/in-conversation-with-nikhil-kamath/ |access-date=2023-07-24 |website=Forbes Advisor INDIA |language=en-GB}}</ref><ref name="zerodhas-nikhil-kamath-backed" /><ref>{{Cite web |last=Borate |first=Neil |date=2022-09-14 |title=Nikhil Kamath's True Beacon starts quant-driven PMS |url=https://www.livemint.com/money/personal-finance/nikhil-kamath-s-true-beacon-starts-quant-driven-pms-11663177535609.html |access-date=2023-05-30 |website=mint |language=en}}</ref><ref>{{Cite news |date=2020-02-20 |title=Zerodha applies for mutual fund license |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/zerodha-applies-for-mutual-fund-license/articleshow/74223016.cms |access-date=2023-07-24 |issn=0013-0389 |archive-date=2024-06-25 |archive-url=https://web.archive.org/web/20240625085645/https://economictimes.indiatimes.com/markets/stocks/news/zerodha-applies-for-mutual-fund-license/articleshow/74223016.cms |url-status=live }}</ref> |
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In 2006, Kamath became a sub-broker and started his own brokerage firm with his brother Nithin Kamath titled Kamath & Associates to manage high net worth individual portfolios in the public markets.<ref name="aljazeera_2021-09-31"/> |
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⚫ | In 2021, Kamath co-founded Gruhas, a real estate investments and prop tech company, along with Abhijeet Pai. Gruhas invests in incubators, startups, and special situations through its proptech-focused fund.<ref>{{Cite news |date=2021-12-21 |title=Nikhil Kamath-backed Gruhas Proptech to launch $150 mn proptech focussed fund |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/nikhil-kamath-backed-gruhas-proptech-to-launch-150-mn-proptech-focussed-fund/articleshow/88406842.cms?from=mdr |access-date=2023-07-16 |issn=0013-0389 |archive-date=2023-07-16 |archive-url=https://web.archive.org/web/20230716112406/https://economictimes.indiatimes.com/markets/stocks/news/nikhil-kamath-backed-gruhas-proptech-to-launch-150-mn-proptech-focussed-fund/articleshow/88406842.cms?from=mdr |url-status=live }}</ref><ref>{{Cite web |date=2021-12-22 |title=Nikhil Kamath-backed Gruhas Proptech plans to roll out $150 mn fund |url=https://www.businesstoday.in/latest/corporate/story/nikhil-kamath-backed-gruhas-proptech-plans-to-roll-out-150-mn-fund-316440-2021-12-22 |access-date=2023-07-16 |website=Business Today |language=en}}</ref> |
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=== Zerodha === |
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In 2010, Kamath co-founded Zerodha along with his brother Nithin Kamath.<ref>{{Cite web |date=2022-12-22 |title=Zerodha founder Nikhil Kamath on becoming a self-made billionaire |url=https://www.scmp.com/magazines/style/celebrity/article/3204089/zerodhas-nikhil-kamath-becoming-self-made-billionaire-meet-chess-nerd-who-co-founded-indias-largest |access-date=2023-05-30 |website=South China Morning Post |language=en}}</ref><ref>{{Cite web |date=2022-09-09 |title=The billionaire brokers - Kamath brothers of Zerodha |url=https://www.thehindubusinessline.com/blchangemakers/the-billionaire-brokers/article65865885.ece |access-date=2023-05-30 |website=www.thehindubusinessline.com |language=en}}</ref> Zerodha provides brokerage services for dealing in stocks, currencies and commodities.<ref>{{Cite news |last=Bhakta |first=Pratik |date=2018-05-18 |title=The lone ranger: How Zerodha held its own against India's largest stock brokerages |work=The Economic Times |url=https://economictimes.indiatimes.com/small-biz/startups/features/the-lone-ranger-how-zerodha-stood-its-own-against-indias-largest-stock-brokerages/articleshow/64215146.cms |access-date=2023-05-30 |issn=0013-0389}}</ref><ref>{{Cite news |date=2019-05-08 |title=Burned-Out Broker Got Rich Giving Free Trades to Millennials |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2019-05-08/burned-out-broker-gets-rich-helping-millennials-trade-for-free |access-date=2023-05-30}}</ref><ref>{{Cite web |title=Nithin And Nikhil Kamath: Code Zero |url=https://www.forbesindia.com/article/tycoons-of-tomorrow/nithin-and-nikhil-kamath-code-zero/51347/1 |access-date=2023-05-30 |website=Forbes India |language=en}}</ref> Kamath introduced a discount brokerage model with Zerodha which reduces the commission charged for transactions, enabling the masses to invest.<ref>{{Cite web |title=The Curious Case Study Of Zerodha's Blue Ocean Strategy |url=https://www.forbesindia.com/article/bharatiya-vidya-bhavan039s-spjimr/the-curious-case-study-of-zerodhas-blue-ocean-strategy/77457/1 |access-date=2023-07-24 |website=Forbes India |language=en}}</ref> In 2019, Zerodha became the largest stockbroker in India.<ref>{{Cite web |date=2023-04-19 |title='Thanks to...': Nithin Kamath shares key reasons behind success of Zerodha |url=https://www.businesstoday.in/latest/story/thanks-to-nithin-kamath-shares-key-reasons-behind-success-of-zerodha-378085-2023-04-19 |access-date=2023-05-30 |website=Business Today |language=en}}</ref> Currently, Zerodha has 10 million clients.<ref>{{Cite web |title=The Curious Case Study Of Zerodha's Blue Ocean Strategy |url=https://www.forbesindia.com/article/bharatiya-vidya-bhavan039s-spjimr/the-curious-case-study-of-zerodhas-blue-ocean-strategy/77457/1 |access-date=2023-05-30 |website=Forbes India |language=en}}</ref><ref>{{Cite web |title=Nikhil Kamath |url=https://www.forbes.com/profile/nikhil-kamath/ |access-date=2023-05-30 |website=Forbes |language=en}}</ref><ref>{{Cite web |date=2023-02-02 |title=How Zerodha Went from Zero to Hero |url=https://www.fortuneindia.com/long-reads/how-zerodha-went-from-zero-tohero/111627 |access-date=2023-05-30 |website=www.fortuneindia.com |language=en}}</ref> |
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In March 2023, Kamath started hosting 'WTF is' podcast. As of April 2024, Kamath has hosted [[Tanmay Bhat]], [[Kiran Mazumdar-Shaw]], [[Suniel Shetty]], [[Ritesh Agarwal]], [[Ronnie Screwvala]] and other public figures and entrepreneurs throughout the year.<ref>{{Cite web |title=Nikhil Kamath's Podcast 'WTF Is' Ranked One Of The Best On Spotify, He Reacts |url=https://www.ndtv.com/feature/zerodha-ceo-nikhil-kamaths-podcast-ranked-one-of-the-best-on-spotify-he-reacts-4635787 |access-date=2024-04-29 |website=NDTV.com |archive-date=2024-04-29 |archive-url=https://web.archive.org/web/20240429221018/https://www.ndtv.com/feature/zerodha-ceo-nikhil-kamaths-podcast-ranked-one-of-the-best-on-spotify-he-reacts-4635787 |url-status=live }}</ref> |
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=== True Beacon === |
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⚫ | Kamath also co-founded True Beacon In 2020, an asset management company |
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In June 2023, he committed to donating 50% of his wealth to charitable causes like climate change, education, and health care by signing [[The Giving Pledge]].<ref name=":0">{{Cite news |date=2023-06-07 |title=Nikhil Kamath youngest Indian to sign Giving Pledge |work=The Times of India |url=https://timesofindia.indiatimes.com/city/bengaluru/nikhil-kamath-youngest-indian-to-sign-giving-pledge/articleshow/100807375.cms?from=mdr |access-date=2023-07-07 |issn=0971-8257}}</ref> |
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=== Gruhas === |
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⚫ | In 2021, Kamath co-founded Gruhas, a real estate investments and prop tech company, along with Abhijeet Pai. Gruhas invests in incubators, startups and special situations through its proptech |
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Nikhil Kamath, along with Ankit Nagori and Prashanth Prakash, owns the Bengaluru franchise for Season 2 of the Global e-Cricket Premier League (GEPL).<ref>{{Cite news |url=https://www.etnownews.com/companies/zerodhas-nikhil-kamath-becomes-franchise-team-owner-for-details-article-114052275 |title=Zerodha's Nikhil Kamath becomes franchise team owner for... – Details |first=Gunjan |last=Rajput |date=October 8, 2024 |website=etnownews.com |access-date=October 11, 2024 |archive-date=October 9, 2024 |archive-url=https://web.archive.org/web/20241009082803/https://www.etnownews.com/companies/zerodhas-nikhil-kamath-becomes-franchise-team-owner-for-details-article-114052275 |url-status=live }}</ref> |
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== Philanthropy == |
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== Chess.com charity match == |
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In June 2023, Kamath became the youngest Indian signatory to [[The Giving Pledge]], an initiative founded by [[Warren Buffett]], [[Bill Gates]], and [[Melinda French Gates]].<ref name=":0">{{Cite news |date=2023-06-07 |title=Nikhil Kamath youngest Indian to sign Giving Pledge |work=The Times of India |url=https://timesofindia.indiatimes.com/city/bengaluru/nikhil-kamath-youngest-indian-to-sign-giving-pledge/articleshow/100807375.cms?from=mdr |access-date=2023-07-07 |issn=0971-8257}}</ref> He committed to donating 50% of his wealth to charitable causes, including climate change, education, and health care.<ref>{{Cite news |date=2023-06-08 |title=Zerodha's Nikhil Kamath to donate 50% of his wealth |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/technology/zerodhas-nikhil-kamath-to-donate-50-of-his-wealth/articleshow/100801352.cms?from=mdr |access-date=2023-07-07 |issn=0013-0389}}</ref> The other Indians who have signed the Pledge in the past include [[Rohini Nilekani|Rohini]] and [[Nandan Nilekani]], founder of Rohini Nilekani Philanthropies and co-founder of [[Infosys]], respectively; [[Azim Premji]], chairperson of [[Wipro]]; [[Kiran Mazumdar-Shaw]], CMD, [[Biocon]]; [[Anil Agarwal (industrialist)|Anil Agarwal]], founder and chairman, [[Vedanta Limited|Vedanta]].<ref>{{Cite web |title=Zerodha Co-founder Nikhil Kamath Signs Giving Pledge, Commits To Donate 50% Of His Wealth |url=https://www.forbesindia.com/article/news/zerodha-cofounder-nikhil-kamath-signs-giving-pledge-commits-to-donate-50-of-his-wealth/85445/1 |access-date=2023-07-07 |website=Forbes India |language=en}}</ref><ref>{{Cite web |date=2023-06-22 |title=‘If you make giving money away cool, a lot more will change in society’ says Zerodha co-founder Nikhil Kamath |url=https://www.financialexpress.com/education-2/if-you-make-giving-money-away-cool-a-lot-more-will-change-in-society-says-zerodha-co-founder-nikhil-kamath/3137878/ |access-date=2023-07-24 |website=Financialexpress |language=en}}</ref><ref>{{Cite news |date=2023-03-16 |title=Nikhil Kamath reveals Bill Gates keeps visiting Bengaluru but 'discreetly'; backs Mark Zuckerberg, says he wouldn't write him off yet |work=The Economic Times |url=https://economictimes.indiatimes.com/magazines/panache/nikhil-kamath-reveals-bill-gates-keeps-visiting-bangalore-but-discreetly-backs-mark-zuckerberg-says-he-wouldnt-write-him-off-yet/articleshow/98684853.cms?from=mdr |access-date=2023-07-24 |issn=0013-0389}}</ref><ref>{{Cite web |date=2023-06-06 |title=Nikhil Kamath signs Gates-Buffet founded Giving Pledge, to donate 50% of wealth |url=https://www.livemint.com/companies/people/zerodha-co-founder-nikhil-kamath-to-donate-50-of-wealth-to-bill-gates-warren-buffet-founded-the-giving-pledge-11686052523908.html |access-date=2023-07-24 |website=mint |language=en}}</ref> |
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⚫ | In June 2021, Kamath participated in an online charity chess match against five-time world chess champion, [[Viswanathan Anand]] to raise funds for those suffering due to the coronavirus pandemic.<ref>{{Cite news |date=2021-06-14 |title=Chess fundraiser {{!}} Nikhil Kamath admits using computer in his win against Viswanathan Anand |language=en-IN |work=The Hindu |url=https://www.thehindu.com/sport/other-sports/chess-fundraiser-nikhil-kamath-admits-using-computer-in-his-win-against-viswanathan-anand/article34812045.ece |access-date=2023-07-04 |issn=0971-751X |archive-date=2023-07-04 |archive-url=https://web.archive.org/web/20230704033035/https://www.thehindu.com/sport/other-sports/chess-fundraiser-nikhil-kamath-admits-using-computer-in-his-win-against-viswanathan-anand/article34812045.ece |url-status=live }}</ref><ref>{{Cite web |last=Zafft |first=Robert |title=Liar's Chess: Exposing India's Slumdog Billionaire |url=https://www.forbes.com/sites/robertzafft/2021/06/14/liars-chess-unraveling-the-legend-of-indias-youngest-billionaire/ |access-date=2023-07-24 |website=Forbes |language=en |archive-date=2023-07-24 |archive-url=https://web.archive.org/web/20230724074605/https://www.forbes.com/sites/robertzafft/2021/06/14/liars-chess-unraveling-the-legend-of-indias-youngest-billionaire/ |url-status=live }}</ref><ref>{{Citation |title=Chess Cheating: Vishy Anand, Nikhil Kamath |date=14 June 2021 |url=https://www.youtube.com/watch?v=cDwa-UJRuYQ |access-date=2023-07-24 |language=en |archive-date=2023-07-24 |archive-url=https://web.archive.org/web/20230724074555/https://www.youtube.com/watch?v=cDwa-UJRuYQ |url-status=live }}</ref> During the event, Kamath cheated against Anand by using the assistance of chess analysts and engines. Kamath later apologized, calling his behavior 'quite silly'.<ref>{{Cite web |date=2021-06-15 |title='Apologies': Indian billionaire says he cheated to beat chess champion |url=https://www.scmp.com/news/asia/south-asia/article/3137370/indian-billionaire-says-he-cheated-beat-chess-champion |access-date=2023-08-04 |website=South China Morning Post |language=en}}</ref><ref>{{Cite news |date=2021-06-15 |title=Billionaire Nikhil Kamath apologises for taking help from 'people analysing the game, computers' to win charity chess match opposite Vishy |work=The Economic Times |url=https://economictimes.indiatimes.com/magazines/panache/billionaire-nikhil-kamath-apologises-for-taking-help-from-people-analysing-the-game-computers-to-win-charity-chess-match-opposite-vishy/articleshow/83508888.cms?from=mdr |access-date=2023-07-04 |issn=0013-0389 |archive-date=2023-07-04 |archive-url=https://web.archive.org/web/20230704033033/https://economictimes.indiatimes.com/magazines/panache/billionaire-nikhil-kamath-apologises-for-taking-help-from-people-analysing-the-game-computers-to-win-charity-chess-match-opposite-vishy/articleshow/83508888.cms?from=mdr |url-status=live }}</ref><ref>{{Cite web |date=2021-06-15 |title=Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess |url=https://indianexpress.com/article/sports/chess/time-to-move-on-vishwanathan-anand-on-nikhil-kamaths-cheating-in-online-chess-7360714/ |access-date=2023-08-04 |website=The Indian Express |language=en |archive-date=2023-07-04 |archive-url=https://web.archive.org/web/20230704033033/https://indianexpress.com/article/sports/chess/time-to-move-on-vishwanathan-anand-on-nikhil-kamaths-cheating-in-online-chess-7360714/ |url-status=live }}</ref> Following the match, [[Chess.com]], the virtual platform that was used to play the charity game, decided to ban his account.<ref>{{Cite web |date=2021-06-15 |title=Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess |url=https://indianexpress.com/article/sports/chess/time-to-move-on-vishwanathan-anand-on-nikhil-kamaths-cheating-in-online-chess-7360714/ |access-date=2023-07-04 |website=The Indian Express |language=en |archive-date=2023-07-04 |archive-url=https://web.archive.org/web/20230704033033/https://indianexpress.com/article/sports/chess/time-to-move-on-vishwanathan-anand-on-nikhil-kamaths-cheating-in-online-chess-7360714/ |url-status=live }}</ref> However, his account was restored within 24 hours with the statement - "Chess.com has no reason to uphold anything given its rules and guidelines toward unrated games and exhibition events".<ref>{{Cite news |date=2021-06-16 |title=Nikhil Kamath ban lifted as Anand says 'forgot and forgave' |work=The Times of India |url=https://timesofindia.indiatimes.com/sports/chess/nikhil-kamath-ban-lifted-as-anand-says-forgot-and-forgave/articleshow/83560934.cms |access-date=2023-09-11 |issn=0971-8257 |archive-date=2023-10-03 |archive-url=https://web.archive.org/web/20231003234736/https://timesofindia.indiatimes.com/sports/chess/nikhil-kamath-ban-lifted-as-anand-says-forgot-and-forgave/articleshow/83560934.cms |url-status=live }}</ref> |
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== Controversies == |
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⚫ | In June 2021, Kamath participated in an online charity chess match against five-time world chess champion, [[Viswanathan Anand]] to raise funds for those suffering due to the coronavirus pandemic.<ref>{{Cite news |date=2021-06-14 |title=Chess fundraiser {{!}} Nikhil Kamath admits using computer in his win against Viswanathan Anand |language=en-IN |work=The Hindu |url=https://www.thehindu.com/sport/other-sports/chess-fundraiser-nikhil-kamath-admits-using-computer-in-his-win-against-viswanathan-anand/article34812045.ece |access-date=2023-07-04 |issn=0971-751X}}</ref><ref>{{Cite web |last=Zafft |first=Robert |title= |
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== References == |
== References == |
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{{Reflist}} |
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<references /> |
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== External links == |
== External links == |
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* [https://www.forbes.com/profile/nikhil-kamath/?sh=10d55b422831 Profile] at [[Forbes]] |
* [https://www.forbes.com/profile/nikhil-kamath/?sh=10d55b422831 Profile] at [[Forbes]] |
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{{Authority control}} |
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{{DEFAULTSORT:Kamath, Nikhil}} |
{{DEFAULTSORT:Kamath, Nikhil}} |
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[[Category:Living people]] |
[[Category:Living people]] |
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[[Category:1986 births]] |
[[Category:1986 births]] |
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[[Category:Indian businesspeople]] |
[[Category:21st-century Indian businesspeople]] |
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[[Category:Indian billionaires]] |
[[Category:Indian billionaires]] |
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[[Category:Indian technology company founders]] |
[[Category:Indian technology company founders]] |
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[[Category:Indian technology businesspeople]] |
[[Category:Indian technology businesspeople]] |
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[[Category:Businesspeople from Karnataka]] |
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[[Category:People from Shimoga]] |
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Latest revision as of 19:24, 7 January 2025
This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (March 2024) |
Nikhil Kamath | |
---|---|
Born | |
Nationality | Indian |
Occupations |
|
Organization(s) | Zerodha True Beacon Gruhas |
Website | Zerodha |
Nikhil Kamath (born 5 September 1986)[1] is an Indian entrepreneur and investor.[2] He is the co-founder of Zerodha, a retail stockbroker, and True Beacon, an asset management company.[3][4][5] Kamath is a part of the 2024 Forbes World Billionaires List with a net worth of $3.1 billion.[6][7] He, along with his brother Nithin, is also part of Forbes' list of India’s 100 Richest for 2024.[8]
Early life and education
[edit]Kamath was born on September 5, 1986, in Shimoga, Karnataka, India. Kamath was brought up in small town of Udupi called Udyavara. Kamath's father, Raghuram Kamath, was an executive at Canara Bank, while his mother, Revathi Kamath, was a skilled veena player.[9] Kamath dropped out of school after 10th grade and he has no formal degree.[3][10][11][12]
Career
[edit]Kamath started his career with a job at a call center while also engaging in equity trading on the side.[13][14][15] In 2006, Kamath became a sub-broker and started his brokerage firm with his brother Nithin Kamath titled Kamath & Associates to manage high-net-worth individual portfolios in the public markets.[3]
In 2010, Kamath co-founded Zerodha along with his brother Nithin Kamath.[16][17] Zerodha provides brokerage services for dealing in stocks, currencies, and commodities.[18][19] Kamath introduced a discount brokerage model with Zerodha which reduces the commission charged for transactions, enabling the masses to invest.[20][21]
Kamath also co-founded True Beacon In 2020, an asset management company that helps ultra-high-net individuals invest in the Indian markets via privately pooled investment vehicles.[22][5][23][24]
In 2021, Kamath co-founded Gruhas, a real estate investments and prop tech company, along with Abhijeet Pai. Gruhas invests in incubators, startups, and special situations through its proptech-focused fund.[25][26]
In March 2023, Kamath started hosting 'WTF is' podcast. As of April 2024, Kamath has hosted Tanmay Bhat, Kiran Mazumdar-Shaw, Suniel Shetty, Ritesh Agarwal, Ronnie Screwvala and other public figures and entrepreneurs throughout the year.[27]
In June 2023, he committed to donating 50% of his wealth to charitable causes like climate change, education, and health care by signing The Giving Pledge.[28]
Nikhil Kamath, along with Ankit Nagori and Prashanth Prakash, owns the Bengaluru franchise for Season 2 of the Global e-Cricket Premier League (GEPL).[29]
Chess.com charity match
[edit]In June 2021, Kamath participated in an online charity chess match against five-time world chess champion, Viswanathan Anand to raise funds for those suffering due to the coronavirus pandemic.[30][31][32] During the event, Kamath cheated against Anand by using the assistance of chess analysts and engines. Kamath later apologized, calling his behavior 'quite silly'.[33][34][35] Following the match, Chess.com, the virtual platform that was used to play the charity game, decided to ban his account.[36] However, his account was restored within 24 hours with the statement - "Chess.com has no reason to uphold anything given its rules and guidelines toward unrated games and exhibition events".[37]
References
[edit]- ^ iyer, rahul (2024-10-01). "Who is Nikhil Kamath: The youngest Billionaire in India". Leader Biography. Archived from the original on 2024-10-07. Retrieved 2024-10-04.
- ^ "Nikhil Kamath's True Beacon doubles down on its PMS product". www.thehindubusinessline.com. 2022-12-26. Archived from the original on 2023-05-30. Retrieved 2023-05-30.
- ^ a b c Bahree, Megha. "From dropout to fintech disruptor: Zerodha's Nikhil Kamath". www.aljazeera.com. Retrieved 2023-05-30.
- ^ Bharat, Monali. "Zerodha's Nikhil Kamath on Why He Doesn't Have Kids, Focuses on Purpose". Bru Times News. Archived from the original on 2024-07-08. Retrieved 2024-07-08.
- ^ a b "Zerodha's Nikhil Kamath-backed True Beacon looks at disrupting UHNI wealth management arena". Business Today. 2022-06-15. Retrieved 2023-05-30.
- ^ "Nikhil Kamath is India's youngest billionaire; Know about his career, education, and net worth. Check out who else is on Forbes' 2024 list". Financialexpress. 2024-04-05. Archived from the original on 2024-08-10. Retrieved 2024-10-18.
- ^ "Forbes Billionaires 2024". Forbes. Archived from the original on 2019-01-04. Retrieved 2024-10-18.
- ^ KARMALI", "NAAZNEEN. "India's 100 Richest 2024". Forbes. Archived from the original on 2024-11-03. Retrieved 2024-10-18.
- ^ iyer, rahul (2024-10-01). "Who is Nikhil Kamath: The youngest Billionaire in India". Leader Biography. Archived from the original on 2024-10-07. Retrieved 2024-10-04.
- ^ "How This School Dropout Became India's Youngest Billionaire". NDTV.com. Archived from the original on 2023-05-30. Retrieved 2023-05-30.
- ^ "Nikhil Kamath Journey: All about Zerodha founder's inspiring journey". Firstpost. 2023-04-26. Archived from the original on 2023-05-30. Retrieved 2023-06-12.
- ^ Schultz, Abby. "Young Billionaire Nikhil Kamath Is Giving Away His Money. Here's Why". www.barrons.com. Archived from the original on 2023-08-04. Retrieved 2023-08-04.
- ^ "Who is India's youngest billionaire? How did he make it from zero to 'Zerodha'". Yahoo Finance. 2021-07-20. Archived from the original on 2023-05-30. Retrieved 2023-05-30.
- ^ "How billionaire Nikhil Kamath's journey started with a Rs 8,000 a month call centre job". Moneycontrol. 2022-09-07. Archived from the original on 2023-05-30. Retrieved 2023-05-30.
- ^ Cruze, Danny Cyril D. (2021-04-10). "From salary of ₹8,000 to a billionaire: Zerodha founder shares his story". mint. Archived from the original on 2023-05-30. Retrieved 2023-05-30.
- ^ "The billionaire brokers - Kamath brothers of Zerodha". www.thehindubusinessline.com. 2022-09-09. Archived from the original on 2023-05-30. Retrieved 2023-05-30.
- ^ "A Watch Collection Focused on Memories and Moments (Published 2021)". 2021-01-14. Archived from the original on 2023-08-04. Retrieved 2023-08-04.
- ^ "Burned-Out Broker Got Rich Giving Free Trades to Millennials". Bloomberg.com. 2019-05-08. Retrieved 2023-05-30.
- ^ "Nithin And Nikhil Kamath: Code Zero". Forbes India. Archived from the original on 2023-05-30. Retrieved 2023-05-30.
- ^ "Nikhil Kamath: 'Bust in private equity space imminent… Everybody's valuation is inflated, even ours'". The Indian Express. 2021-05-31. Retrieved 2023-08-04.
- ^ "The Curious Case Study Of Zerodha's Blue Ocean Strategy". Forbes India. Retrieved 2023-07-24.
- ^ Jain, Aashika (2021-10-01). "In The Hot Seat With Forbes Advisor India: Nikhil Kamath". Forbes Advisor INDIA. Retrieved 2023-07-24.
- ^ Borate, Neil (2022-09-14). "Nikhil Kamath's True Beacon starts quant-driven PMS". mint. Retrieved 2023-05-30.
- ^ "Zerodha applies for mutual fund license". The Economic Times. 2020-02-20. ISSN 0013-0389. Archived from the original on 2024-06-25. Retrieved 2023-07-24.
- ^ "Nikhil Kamath-backed Gruhas Proptech to launch $150 mn proptech focussed fund". The Economic Times. 2021-12-21. ISSN 0013-0389. Archived from the original on 2023-07-16. Retrieved 2023-07-16.
- ^ "Nikhil Kamath-backed Gruhas Proptech plans to roll out $150 mn fund". Business Today. 2021-12-22. Retrieved 2023-07-16.
- ^ "Nikhil Kamath's Podcast 'WTF Is' Ranked One Of The Best On Spotify, He Reacts". NDTV.com. Archived from the original on 2024-04-29. Retrieved 2024-04-29.
- ^ "Nikhil Kamath youngest Indian to sign Giving Pledge". The Times of India. 2023-06-07. ISSN 0971-8257. Retrieved 2023-07-07.
- ^ Rajput, Gunjan (October 8, 2024). "Zerodha's Nikhil Kamath becomes franchise team owner for... – Details". etnownews.com. Archived from the original on October 9, 2024. Retrieved October 11, 2024.
- ^ "Chess fundraiser | Nikhil Kamath admits using computer in his win against Viswanathan Anand". The Hindu. 2021-06-14. ISSN 0971-751X. Archived from the original on 2023-07-04. Retrieved 2023-07-04.
- ^ Zafft, Robert. "Liar's Chess: Exposing India's Slumdog Billionaire". Forbes. Archived from the original on 2023-07-24. Retrieved 2023-07-24.
- ^ Chess Cheating: Vishy Anand, Nikhil Kamath, 14 June 2021, archived from the original on 2023-07-24, retrieved 2023-07-24
- ^ "'Apologies': Indian billionaire says he cheated to beat chess champion". South China Morning Post. 2021-06-15. Retrieved 2023-08-04.
- ^ "Billionaire Nikhil Kamath apologises for taking help from 'people analysing the game, computers' to win charity chess match opposite Vishy". The Economic Times. 2021-06-15. ISSN 0013-0389. Archived from the original on 2023-07-04. Retrieved 2023-07-04.
- ^ "Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess". The Indian Express. 2021-06-15. Archived from the original on 2023-07-04. Retrieved 2023-08-04.
- ^ "Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess". The Indian Express. 2021-06-15. Archived from the original on 2023-07-04. Retrieved 2023-07-04.
- ^ "Nikhil Kamath ban lifted as Anand says 'forgot and forgave'". The Times of India. 2021-06-16. ISSN 0971-8257. Archived from the original on 2023-10-03. Retrieved 2023-09-11.