Nikhil Kamath’s Net Worth, Salary & Income
What is the net worth of Nikhil Kamath? The current estimated net worth of Nikhil Kamath is $3.1 billion, which makes him India’s youngest self-made billionaire and successful entrepreneur. His wealth reached its peak in 2023 when Zerodha, a stock brokerage firm in India, which he co-founded alongside his brother Nithin Kamath, became the largest brokerage firm in India. Zerodha has more than 10 million clients, which makes Nikhil Kamath India’s youngest billionaire. Besides Zerodha, there are many other income sources that have significantly contributed to the wealth of Nikhil Kamath and made him one of the richest people in India under the age of 40. Nikhil is an inspiration for many, including me. People in the trading and stock market industries admire him and look up to him. So, if you want to know more about Nikhil Kamath, keep sticking around this blog post. Nikhil Kamath Salary and Income Sources 1. Trading Nikhil Kamath’s first and foremost income source is trading. He is a god-gifted trader and is recognized by many professionals in the stock marketing and trading community. He started trading in the stock market at the young age of 17, when he first got a job at a call center. Back then, his salary was Rs 8,000 per month, and he started trading in stocks. Later on, he took trading seriously, and it became his passion. Today, he is considered India’s best trader and stockbroker. In fact, when Zerodha was in the beginning stages, Nikhil’s trading skills helped pay the salaries of the employees working at Zerodha. He used to make huge profits through trading and invest some of the money back in his start-up. 2. Zerodha The next major income source for Nikhil Kamath is from Zerodha, a stock brokerage firm in India that he co-founded alongside his brother. Zerodha is one of the most successful startups in India, with a revenue of Rs 6875 crore and a profit after tax of Rs 2900 crore. Nikhil Kamath gets a yearly salary of 100 crore from Zerodha, which significantly contributes to his net worth. Nikhil and Nithin Kamath started Zerodha in 2010 with a vision to make the stock market easy to access and affordable to all with a user-friendly interface. Back then, there was no particular channel through which people could invest their money in the Indian stock market. Zerodha took this as a challenge and made a platform for online trading and investing in India. The low brokerage fee, easy-to-use interface, and online capability made them a huge success. 3. Investments Nikhil Kamath is a successful investor and trader. He has generated his wealth by investing in the public and private markets. The public market means he invests in companies that are listed on the stock market. On the other hand, the private market means companies are not listed on the stock market and are run privately by startup founders and owners. Nikhil Kamath has invested in 14 rounds. Their most recent investment was in Subko Coffee (Series B Round) on January 18, 2024. 4. YouTube channel The next and last income source for Nikhil Kamath is his YouTube channel, which he started recently and conducts podcasts with social media influencers, entrepreneurs, businessmen and women, start-up founders, angel investors, and many other leaders from various industries and fields. The aim of each of his podcasts is to share knowledge and insights with people. Related content: David Goggins Net Worth The Biography and Success Story of Nikhil Kamath Nikhil Kamath’s story is proof that a formal degree and education are not required to be successful in life. With a sheer amount of hard work and commitment, one can surely be successful in life. Nikhil Kamath and his big brother Nithin Kamath are the cofounders of India’s largest stock trading company, Zerodha, which made a profit of Rs 2,000 crore in 2023. In the early days, Nikhil had to face a lot of hardships and struggle as he had no formal education or degree. He is a school dropout, and he used to hate going to school, just like many of us. He started selling cell phones at the age of 14. Seeing this, his mother got angry, and she threw all the phones in the toilet. The school management was also unhappy with Nikhil’s attitude towards studying and lack of interest. The school management did not allow Nikhil to attend the 10th board examination, due to which Nikhil decided to drop out of the school. He worked from 4 p.m. to 1 a.m. at the call center, and in the morning he tried his hands at day trading. Nikhil’s entrepreneurial journal is very impressive. He and his brother started Zerodha in 2010, a small brokerage firm, and completely revolutionized the industry with their discount brokerage model. Zerodha made trading and investing more easy, accessible, and cost-effective for everyone. Expanding his portfolio, Kamath ventured into asset management with True Beacon in 2020, catering to ultra-high-net-worth individuals looking to invest in Indian markets through private pooled vehicles. In 2021, he co-founded Gruhas, focusing on real estate investments and prop tech, demonstrating his diverse interests and commitment to innovation in various sectors. Kamath further showcased his versatility by launching the “WTF is?” podcast in March 2023, featuring prominent personalities like Tanmay Bhat, Kiran Mazumdar-Shaw, Suniel Shetty, Ritesh Agarwal, Ronnie Screwvala, and others, providing insightful discussions on various topics. Moreover, his philanthropic commitment was evident when he pledged to donate 50% of his wealth to charitable causes like climate change, education, and healthcare, underscoring his social responsibility and dedication to making a positive impact on society. Related content: Ramit Sethi Net Worth Lessons to Learn From Nikhil Kamath [India’s Youngest Billionare] 1. Take risks and follow your dreams. If you don’t take risks and make changes in life, you will never accomplish your goals and dreams. The only way to see the impact of your idea and your dedication towards reaching your goal is by going forward and taking … Read more