Nikhil Kamath Explained

Nikhil Kamath
Birth Date:1986 9, df=y
Birth Place:Shimoga, Karnataka, India
Nationality:Indian
Organization:Zerodha
True Beacon
Gruhas

Nikhil Kamath (born 5 September 1986) is an Indian entrepreneur and YouTuber.[1] He is the co-founder of Zerodha, a retail stockbroker, and True Beacon, an asset management company.[2] [3] [4] Kamath is a part of the 2023 Forbes billionaires list.[5] [6]

Early life and education

Kamath was born on September 5, 1986, in Shimoga, Karnataka, India. Kamath dropped out of school after 10th grade and he has no formal degree.[2] [7] [8] [9]

Career

Kamath started his career with a job at a call center while also engaging in equity trading on the side.[10] [11] [12] 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.

In 2010, Kamath co-founded Zerodha along with his brother Nithin Kamath.[13] [14] Zerodha provides brokerage services for dealing in stocks, currencies, and commodities.[15] [16] Kamath introduced a discount brokerage model with Zerodha which reduces the commission charged for transactions, enabling the masses to invest.[17] [18]

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.[19] [4] [20] [21]

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.[22] [23]

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.[24]

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.[25]

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.[26] [27] During the event, Kamath cheated against Anand by using the assistance of chess analysts and engines. Kamath later apologized, calling his behavior 'quite silly'.[28] [29] [30] Following the match, Chess.com, the virtual platform that was used to play the charity game, decided to ban his account.[31] However, Chess.com restored his account 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".[32]

External links

Notes and References

  1. Web site: 2022-12-26 . Nikhil Kamath's True Beacon doubles down on its PMS product . 2023-05-30 . www.thehindubusinessline.com . en.
  2. Web site: Bahree . Megha . From dropout to fintech disruptor: Zerodha's Nikhil Kamath . 2023-05-30 . www.aljazeera.com . en.
  3. Web site: Bharat . Monali . Zerodha's Nikhil Kamath on Why He Doesn't Have Kids, Focuses on Purpose . Bru Times News . en.
  4. Web site: 2022-06-15 . Zerodha's Nikhil Kamath-backed True Beacon looks at disrupting UHNI wealth management arena . 2023-05-30 . Business Today . en.
  5. Web site: Zerodha Founders Nithin And Nikhil Kamath Are New Entrants In Forbes Billionaires List 2023 . 2023-07-24 . NDTV.com.
  6. Web site: Nikhil Kamath . 2023-07-24 . Forbes . en.
  7. Web site: How This School Dropout Became India's Youngest Billionaire . 2023-05-30 . NDTV.com.
  8. Web site: 2023-04-26 . Nikhil Kamath Journey: All about Zerodha founder's inspiring journey . 2023-06-12 . Firstpost . en.
  9. Web site: Schultz . Abby . Young Billionaire Nikhil Kamath Is Giving Away His Money. Here's Why. . 2023-08-04 . www.barrons.com . en-US.
  10. Web site: 2021-07-20 . Who is India's youngest billionaire? How did he make it from zero to 'Zerodha' . 2023-05-30 . Yahoo Finance . en-SG.
  11. Web site: 2022-09-07 . How billionaire Nikhil Kamath's journey started with a Rs 8,000 a month call centre job . 2023-05-30 . Moneycontrol . en.
  12. Web site: Cruze . Danny Cyril D. . 2021-04-10 . From salary of ₹8,000 to a billionaire: Zerodha founder shares his story . 2023-05-30 . mint . en.
  13. Web site: 2022-09-09 . The billionaire brokers - Kamath brothers of Zerodha . 2023-05-30 . www.thehindubusinessline.com . en.
  14. News: 2021-01-14 . A Watch Collection Focused on Memories and Moments (Published 2021) . en . 2023-08-04.
  15. News: 2019-05-08 . Burned-Out Broker Got Rich Giving Free Trades to Millennials . en . Bloomberg.com . 2023-05-30.
  16. Web site: Nithin And Nikhil Kamath: Code Zero . 2023-05-30 . Forbes India . en.
  17. Web site: 2021-05-31 . Nikhil Kamath: 'Bust in private equity space imminent… Everybody's valuation is inflated, even ours' . 2023-08-04 . The Indian Express . en.
  18. Web site: The Curious Case Study Of Zerodha's Blue Ocean Strategy . 2023-07-24 . Forbes India . en.
  19. Web site: Jain . Aashika . 2021-10-01 . In The Hot Seat With Forbes Advisor India: Nikhil Kamath . 2023-07-24 . Forbes Advisor INDIA . en-GB.
  20. Web site: Borate . Neil . 2022-09-14 . Nikhil Kamath's True Beacon starts quant-driven PMS . 2023-05-30 . mint . en.
  21. News: 2020-02-20 . Zerodha applies for mutual fund license . The Economic Times . 2023-07-24 . 0013-0389.
  22. News: 2021-12-21 . Nikhil Kamath-backed Gruhas Proptech to launch $150 mn proptech focussed fund . The Economic Times . 2023-07-16 . 0013-0389.
  23. Web site: 2021-12-22 . Nikhil Kamath-backed Gruhas Proptech plans to roll out $150 mn fund . 2023-07-16 . Business Today . en.
  24. Web site: Nikhil Kamath's Podcast 'WTF Is' Ranked One Of The Best On Spotify, He Reacts . 2024-04-29 . NDTV.com.
  25. News: 2023-06-07 . Nikhil Kamath youngest Indian to sign Giving Pledge . The Times of India . 2023-07-07 . 0971-8257.
  26. News: 2021-06-14 . Chess fundraiser Nikhil Kamath admits using computer in his win against Viswanathan Anand . en-IN . The Hindu . 2023-07-04 . 0971-751X.
  27. Web site: Zafft . Robert . Liar's Chess: Exposing India's Slumdog Billionaire . 2023-07-24 . Forbes . en.
  28. Web site: 2021-06-15 . 'Apologies': Indian billionaire says he cheated to beat chess champion . 2023-08-04 . South China Morning Post . en.
  29. News: 2021-06-15 . Billionaire Nikhil Kamath apologises for taking help from 'people analysing the game, computers' to win charity chess match opposite Vishy . The Economic Times . 2023-07-04 . 0013-0389.
  30. Web site: 2021-06-15 . Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess . 2023-08-04 . The Indian Express . en.
  31. Web site: 2021-06-15 . Time to move on: Vishwanathan Anand on Nikhil Kamath's cheating in online chess . 2023-07-04 . The Indian Express . en.
  32. News: 2021-06-16 . Nikhil Kamath ban lifted as Anand says 'forgot and forgave' . The Times of India . 2023-09-11 . 0971-8257.

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