Nikhil Kamath

Last updated
Nikhil Kamath
Nikhil Kamath at World Economic Forum.png
Kamath in 2023
Born (1986-09-05) 5 September 1986 (age 38)
Shimoga, Karnataka, India
NationalityIndian
Occupations
  • Entrepreneur
  • Investor
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]

Contents

Early life and education

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

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 Jan 2025, Kamath has hosted Indian Prime Minister Narenda Modi, Tanmay Bhat, Kiran Mazumdar-Shaw, Suniel Shetty, Ritesh Agarwal, Ronnie Screwvala and other public figures and entrepreneurs throughout the year. [27] [28]

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. [29]

Nikhil Kamath, along with Ankit Nagori and Prashanth Prakash, owns the Bengaluru franchise for Season 2 of the Global e-Cricket Premier League (GEPL). [30]

Chess.com charity match

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. [31] [32] [33] During the event, Kamath cheated against Anand by using the assistance of chess analysts and engines. Kamath later apologized, calling his behavior 'quite silly'. [34] [35] [36] Following the match, Chess.com, the virtual platform that was used to play the charity game, decided to ban his account. [37] 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". [38]

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References

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  5. 1 2 "Zerodha's Nikhil Kamath-backed True Beacon looks at disrupting UHNI wealth management arena". Business Today. 2022-06-15. Retrieved 2023-05-30.
  6. ↑ "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.
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  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.
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  25. ↑ "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.
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