Nikhil Kamath, co-founder of Zerodha, has secured a prominent spot on Forbes' 2024 list as India's youngest billionaire. Alongside him are the founders of Flipkart, Sachin and Binny Bansal, making waves in the billionaire ranks. At just 37 years old, Nikhil Kamath leads the pack with a staggering net worth of $3.1 billion. Mukesh Ambani retains his position as India's richest individual, boasting a net worth of $116 billion, followed closely by Gautam Adani with $84 billion, ranking 17th.
On the Forbes list, Nikhil Kamath claims the 1062nd spot with his $3.1 billion fortune. Binny Bansal, aged 41, follows suit with a net worth of $1.4 billion, securing the 2152nd rank, while Sachin Bansal stands at 2410th place with the same net worth. Shamsheer Vayalil, the founder of Burjeel Holdings, rounds out the top five youngest billionaires with a net worth of $3.5 billion and an overall rank of 920. Following closely is Ravi Modi, aged 47, with a net worth of $2.6 billion.
Nikhil Kamath's journey began in 2010 when he co-founded Zerodha with his brother Nithin Kamath, disrupting India's brokerage market. Based in Bangalore, Zerodha has amassed 10 million clients, solidifying its position as one of the country's largest brokerage firms. Forbes acknowledges Kamath's achievements, highlighting his commitment to philanthropy as the youngest Indian signatory of the Giving Pledge, pledging to donate half of his wealth in June 2023.
Forbes also sheds light on other notable Indian businessmen featured on the global list of the richest individuals. Mukesh Ambani leads the pack at the 9th rank, followed by Gautam Adani at 17th place, and Shiv Nadar at 39th, with net worths of $84 billion and $36.9 billion respectively. Savitri Jindal and family claim the 46th spot with a net worth of $33.5 billion.
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