Nithin Kamath Net Worth in 2022: Before discussing Nitin Kamth’s net worth; let’s know a little more about India’s one of the youngest entrepreneurs Nithin Kamath. Also, we will go through his life journey; to see how an idea and his dedicated efforts made the middle-class boy a billionaire.
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Who is Nithin Kamath?
Nithin Kamath is the Co-founder and CEO of the Online Stock Brokerage Platform Zerodha. Apart from this, he is also the founder of the fintech companies True Beacon and Rainmeter. Nithin is also a successful full-time trader since the age of 17. He has made millions through trading. He is one of the youngest billionaires in India, under 40.
Nithin Kamath Net Worth
As of 2022, Nithin Kamath Net Worth is approximately $2.6 billion. In 2020 his net worth was $1.6 billion. As per the reports, he holds a 40 percent share of Zerodha. Nithin Kamath salary is more than 100 crores annually. Here is a chart showing Nithin Kamath’s Net Worth year on year basis.
Through the above chart, we can see his yearly income.
- 2022: 2.6 Billion Dollar
- 2021: 1.6 Billion Dollar
- 2020: 1.1 Billion Dollar
- 2019: 812 Million Dollar
- 2018: 456 Million Dollar
- 2017: 132 Million Dollar
Nithin Kamath Biography
Nithin Kamath was born on 5th Oct 1979 in Shivamogga, Karnataka, India. He belongs to a middle-class family. His father UR. Kamath worked at Canara Bank whereas his mother Revathi was a Veena teacher. He has a younger brother Nikhil Kamath who is also the co-founder of Zerodha.
In 2008, Nithin married Seema Patil, whom he met while working at a call center. The couple has a son named Kiaan Kamath. Yes! Before starting his entrepreneurial journey, Nithin worked at a call center.
|Nithin Kamath’s Details|
|Founder||Zerodha, True Beacon and Rainmeter|
|Child (Son)||Kiaan Kamath|
Nithin Kamath Age
Nithin Kamath was born on 5th Oct 1979, and now he is 42 years of age. At the age of 17, he started trading. At the age of 22, he lost his capital due to the market crash of 2001.
Nithin Kamath has done his schooling at Dayal Singh Public School, Shimoga, Karnataka. He is done graduation in engineering from Bangalore Institute of Technology, Bengaluru, Karnataka, from 1997 to 2001. At the age of 17, he started trading from his father’s account while pursuing college.
He earned rupees 4 lakhs from trading during his college days. But soon he lost all his money. From 2001 to 2005, he worked at a night call centre with a monthly pay of Rs. 8000, for 4 years. During these four years, he saved money for trading.
Along with his brother Nikhil Kamath, Nithin Kamath founded Rainmatter, which is also a fintech company. Nithin Kamath also owns an investment firm, True Beacon, which provides portfolio and tailored investment management services.
Foundation of Zerodha by Nithin Kamath
In 2005 he quit his job and started a portfolio advisory business. In 2009 he focused on creating a broking firm. This idea led to the foundation of Zerodha. His focus was to cut down the brokerage fees charged by other firms.
While other brokerage firms charge a percentage fee per trade, Nithin came up with the idea of flat Rs. 20 per trade. Though the flat fee model was not popular in India, it was much more popular in the US since the 1990s.
Also, he wanted Zerodha to be much more transparent than other brokerage firms.
Zerodha is an English + Sanskrit word. The motive behind the name Zerodha is that; Zero means no, while ‘Rodh’ in Sanskrit means obstacle. Hence, the name Zerodha means no obstacle.
In September 2011, The Economic Times featured Zerodha as an online discount broking firm. That one article has brought more new customers to the firm.
In 2016, the account opening process became online with the help of Aadhar. Customers can do their KYC online from the comfort of their homes. It was the time when Zerodha scaled lakhs of customers.
Nithin Kamath Awards and Honors
|Emerging Entrepreneur Award||2014|
|Emerging Brokerage Firm of the Year||2014|
|Emerging Brokerage Firm of the Year||2015|
|Ranked Forbes 30, Under 30||2016|
|Startup of the Year||2019|
|IIFL Wealth Hurun India||2019|
Nithin Kamath has done his schooling at Dayal Singh Public School, Shimoga, Karnataka and he graduated from Bangalore Institute of Technology, Bengaluru, Karnataka.
Seema Patil is the wife of Nithin Kamath. She was diagnosed with breast cancer in November 2021.
Comparatively, Zerodha reported revenues of Rs 2,729 crores in FY21, while profits topped Rs 1,122 crores. As per the company’s public filings, Zerodha generated revenues of Rs 938.5 crore in FY20 and profits of Rs 424 crore.
Nithin Kamath is the founder and CEO of Zerodha.