Nikhil Kamath Of Zerodha Makes Philanthropic Pledge To Bill Gates’ Campaign

Kamath is now the fourth Indian to become a part of this community.

Kamath is now the fourth Indian to become a part of this community.

The Giving Pledge is a campaign to encourage wealthy individuals and families to commit to giving away at least half of their wealth to philanthropic causes.

Zerodha co-founder Nikhil Kamath, who often grabs the attention for his witty social media posts, has signed the Giving Pledge and joined several wealthy individuals across the globe and committed to donate 50% of his wealth to charitable causes, including climate change, education and health care.

The Giving Pledge was founded by Warren Buffett, Melinda French Gates, and Bill Gates in 2010. It is a campaign to encourage wealthy individuals and families to commit to giving away at least half of their wealth to philanthropic causes during their lifetimes or in their wills.

Kamath is now the fourth Indian to become a part of this community, after Azim Premji, Former Chairman of Wipro, Kiran Mazumdar-Shaw, Biocon Limited executive chairperson and founder, and Rohini and Nandan Nilekani, Indian Author and billionaire entrepreneur and co-founder of Infosys.

In a statement, Kamath expressed his gratitude as a young philanthropist, who while 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,” he mentioned in his statement.

The Giving Pledge recently celebrated its 13th gathering and warmly welcomed Kamath During the event, attendees shared ideas on improving the effectiveness and impact of their philanthropic efforts. The community comprises 241 philanthropists from 29 countries.

The 35-year-old billionaire has been actively involved in the stock markets for nearly two decades. He began working full-time at the age of 17 and has gained expertise in investing, spending a significant amount in both public and private markets.

Nikhil Kamath who boasts an estimated net worth of $3.45 billion also has his foundation – Young Indian Philanthropic Pledge – which works with entrepreneurs to donate at least 25% of their net worth to charitable causes.

Apart from co-founding Zerodha, which is India’s biggest stock brokerage in terms of volume of trade, Kamath also has other ventures such as Gruhas, a platform for private investments, the hedge fund True Beacon, the fintech incubator Rainmatter and a non-profit organisation focused on climate-related issues, Rainmatter Foundation.

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