It takes a lot of hard work and dedication to set up a business and make it successful. It is often said that you learn as you grow older but Nikhil Kamath, co-founder of Zerodha, has proved that age is just a number. The 37-year-old business tycoon has become the youngest billionaire.
Nikhil Kamath’s education
Born on September 5, 1986, in Karnataka, Nikhil Kamath dropped out of school after 10th standard. As per reports, he has no formal degree.
Nikhil Kamath’s journey and career
He started his career with a job at a call center. He was also engaged in equity trading on the side. Nikhil Kamath eventually decided to become a sub-broker and started his own brokerage firm in 2006 with his brother Nithin Kamath.
In 2010, Nikhil Kamath co-founded Zerodha along with his brother Nithin Kamath. The company provides brokerage services for dealing in stocks, currencies, and commodities. That’s not all, he also co-founded True Beacon In 2020 and in 2021, Nikhil Kamath co-founded Gruhas, a real estate investments and prop tech company, along with Abhijeet Pai.
Nikhil Kamath’s net worth
Ranked 40 among the richest persons in India, Nithin and Nikhil Kamath’s combined net worth is $5.5 billion, as per Forbes. In the Financial Year 2023, Zerodha reported a total revenue of Rs 6,875 crore, along with a profit after tax of Rs 2,907 crore. This marked a huge improvement compared to the previous year’s revenue of Rs 4,964 crore and a profit after tax of Rs 2,000 crore.
Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, regained the title of the wealthiest person in India with a net worth of over $92 billion. He is followed by Adani Group chairperson Gautam Adani at $68 billion.
