BUSINESS
Nikhil Kamath also takes the pledge as the fourth Indian, following Azim Premji, Kiran Mazumdar-Shaw, Rohini, and Nandan Nilekani.
Nikhil Kamath, co-founder of Zerodha and a billionaire, has signed up as India's youngest pledger for "The Giving Pledge," an initiative started by famous investors Warren Buffet and Bill Gates.
He also takes the pledge as the fourth Indian, following Azim Premji, Kiran Mazumdar-Shaw, Rohini, and Nandan Nilekani. A large portion of the financial resources of the members of this charitable foundation is donated to nonprofit organisations.
Kamath intends to support causes like climate change, energy, education, and health with his estimated $1.1 billion ( Rs 90,69,00,50,000) net worth, according to Forbes. In addition, the 34-year-old's own foundation, Young Indian Philanthropic Pledge (YIPP), works with entrepreneurs to donate at least 50% of their net worth to charitable causes.
"As a young philanthropist, I am writing to express my gratitude whilst joining the Giving Pledge. Despite my age, I am committed to positively impacting the world and believe that the foundation's mission of creating a more equitable society aligns with my values and aspirations," according to Nikhil Kamath's letter of commitment.
"The Giving Pledge offers a great platform to learn, exchange ideas, and work collaboratively to address some of the world's most pressing challenges. I look forward to engaging with the Giving Pledge community and exploring new ways to create positive change.”
Nikhil and Nithin Kamath, the co-founders of Zerodha and brothers, are renowned for their benevolent donations. According to the EdelGive Hurun India Philanthropy List 2022, they grew their financial support by 300 percent to Rs 100 crore in FY 2021–2022, ranking them as the ninth-largest individual donors in India.
The Rainmatter Foundation, led by Nithin Kamath, supports organisations and initiatives in India that work to combat climate change, create a healthier environment, and support the livelihoods that go along with these goals.
Prayagraj sees unprecedented crowds, traffic jams leave devotees without food, water amid Mahakumbh
Tirupati Laddu Prasadam row: CBI arrests four people in ghee adulteration case
JEE Mains 2025 Result: NTA JEE Session 1 result to be declared on..., know how to download scorecard
Donald Trump reveals BIG plan, says committed to 'buy and own' Gaza, allow others to...
Radhika Merchant dances her heart out at her friend's wedding to 'Anarkali Disco Chali', Watch
Did Lionel Messi’s son Thiago score 11 goals in single match for Inter Miami? Here's the truth
India vs England: Rohit Sharma goes past Chris Gayle in all-time ODI list led by Shahid Afridi
Ed Sheeran BREAKS silence after Bengaluru cops stop his street performance: 'It wasn't just...'
India gains, Pakistan struggles: Forex reserves rise to Rs 55300044 crore, Pak's decline continues
IND vs ENG: Rohit Sharma returns to form before Champions Trophy, slams 32nd ODI century vs England
'Mummy daantegi...': Little boy screams as tiger pulls his shirt at zoo, WATCH viral video
Manipur CM N Biren resigns nearly two years after ethnic violence in state
Viral Video: Women travel in train toilet to Maha Kumbh, internet says "Is this a joke?
Vicky Jain's 'bizarre' comment leaves wife Ankita fuming with anger, netizens declare him 'red flag'
Bengaluru cops stop Ed Sheeran's street performance, video goes viral - Watch
Viral video: Lion spotted on moving jeep? Here’s the truth
YouTuber Gaurav Taneja reveals he was 'shocked' over his wife's decision to...
Teddy Day 2025: Date, history and significance of the fourth day of Valentine’s week
'Sugar is the biggest toxin...': Naga Chaitanya calls sugar more toxic than alcohol and tobacco
‘Over for Blinkit, Zepto’, this startup claims ‘delivering humans’ in 10 minutes, shocks netizens
Pratik Gandhi on his struggles, managing job with acting: 'Chaar gante sona luxury tha' | Exclusive
Why did Kumar Vishwas' wife cry after Manish Sisodia lost Delhi Elections: 'Not always power...'
'Fast and Furious' cars collision creates a Rohit Shetty scene on Indian road, viral video
'Go to the room, cry...': Salman Khan's wisdom on love, breakup is all you need this Valentine's Day
Parvesh Verma, BJP leader who defeated Arvind Kejriwal, makes BIG claim, says, 'we have to do...'
Sumona Chakravarti on joining Kapil Sharma show: 'Went from Ram Kapoor's sister to...'
Is Elon Musk still interested in buying TikTok? Tesla CEO provides BIG update, claims...
Groom's mother and mama join hands to burn the dance floor down, viral video sets internet on fire
What is historic 'Blue Gold', costlier than real gold?
Salman Khan opens up about his daddy issues with Salim Khan: 'How can he be right all the time...'
Powerful 7.6 magnitude earthquake jolts Caribbean, tsunami advisory issued
Salman Khan supports Sooaj Barjatya, pens note on his OTT debut, calls his show Bada Naam Karenge...
Little girl's energetic dance to 'London Thumakda' leaves netizens in awe, WATCH viral video
Meet man who left IIT, later earned Rs 286 crore in just 20 weeks by...
Viral Video: Sadhus playing cricket at Mahakumbh mela wins hearts online, watch
Happy Chocolate Day 2025: Wishes, WhatsApp messages, quotes to share with your partner on February 9
Meet woman, who plays key role in Rs 33661 crore company, daughter of billionaire
Vicky Kaushal and Akshaye Khanna didn't talk to each other on the Chhaava sets because...
Nita Ambani, Nick Jonas share candid moments at Siddharth Chopra's wedding, WATCH viral video
UPSC Civil Services Prelims Exam 2025 registration date extended by 7 days; apply at upsc.gov.in
'Fight for progress of Delhi will continue', says LoP Rahul Gandhi after Congress's Delhi debacle