Nikhil Kamath Net Worth: The brothers Nithin and Nikhil Kamath started the online brokerage firm Zerodha. A report says that they were paid a total of Rs 195.4 crore in FY22–23, with each getting an annual salary of Rs 72 crore.
It’s no surprise that the brothers who run Zerodha, India’s most valuable startup, full-time are paid more than any other startup founder in the country. The next person is Ritesh Agarwal from OYO. His pay for FY23 is Rs 12 crore, according to Entrackr.
Seema Patil, Nithin’s wife and the third full-time director of Zerodha, is said to have taken out Rs 36 crore in the same year. In FY22, the Zerodha board agreed to pay the three full-time directors Rs 100 crore a year. Then Nithin made it clear that it wasn’t their real salary but the most money they could have on hand for risk and liquidity needs, the news source said.
Nikhil Kamath Net Worth
Forbes announced a list of India’s 100 richest people on October 11, 2023. Nithin and Nikhil Kamath’s families came in at number 40, with a net worth of Rs 45.754.5 crore ($5.5 billion).
The net worth of Nithin Kamath was Rs 22,526 crore ($2.7 billion) as of December 10, 2023, according to real-time figures from Forbes. The net worth of Nikhil Kamath was Rs 9,177 crore ($1.1 billion).
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Nikhil Kamath Car and Bike Collection
Some of Nikhil Kamath’s favorite cars are the Audi A6 and the Porsche. He loves driving these cars. We don’t know what his favorite bike is.
Nikhil Kamath Career and Lifestyle
When Nikhil Kamath was 14, he started making money by selling phones. But after a few days, his mother told him he couldn’t sell the phones anymore. He didn’t give up after that, and at age 17, he started working in a call center. It only paid him Rs 500 a month when he worked in a call center.
He should have been at least 18 years old to get a raise in pay, and some people think he got his age raised to 18. As part of this job, he started trading. He did trading in the morning and worked from 4 p.m. to 1 a.m. This is how time went by slowly. Now, after all his hard work, he is one of India’s most famous traders. He is also a billionaire, so that helps.
In 2010, Nitin Kamath and Nikhil Kamath opened the store market Aap Zerodha. The Zerodha company slowly began to run. Nikhil Kamath is now the CO founder of Zerodha.
Nikhil Kamath Awards
- He won the Emerging Entrepreneur Award from the Confederation of Indian Industry in 2014.
- The Emerging Brokerage Firm of the Year Award from BSE and Dun & Bradstreet was given to Nikhil again in 2014.
- The Emerging Brokerage Firm of the Year Award from BSE and Dun & Bradstreet was given to them in 2015.
- Forbes India put him on their list of 30 Under 30 in 2016.
- They won the Bootstrap Startup of the Year Award in 2016.
- They won an award in 2017 for being a startup.
- The Economic Times Under 40 Award was given to Nikhil Kamath in 2017.
- Zerodha put him at the top of the IIFL Wealth Hernan India 40 and Under Self-Made Rich List in 2020.
- He won the Rainmatter Best Fintech Ecosystem Partner award in 2022.
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Conclusion
The brothers Nithin and Nikhil Kamath, founders of India’s most valuable startup, Zerodha, were paid a total of Rs 195.4 crore in FY22-23, with each receiving an annual salary of Rs 72 crore. They are the second-highest-paid startup founder in the country, after Ritesh Agarwal. Nikhil Kamath, a billionaire, started his career at 14 by selling phones and later worked in a call center before starting trading. He has won several awards, including the Emerging Entrepreneur Award and the Bootstrap Startup of the Year Award.