Tag: youngest billionaire

At 34, Zerodha’s Nikhil Kamath is the youngest billionaire, Mukesh Ambani remains wealthiest

India’s Richest list of 2020 by Forbes is here and all eyes on the youngest billionaire in the list of top 100, Nikhil Kamath, the founder of the biggest stock brokerage company in India, Zerodha.

India’s Richest list of 2020 by Forbes is here and while the year has been an economically taxing for many around the block as well as India as a whole, the rich in India continue to get richer. The man of the hour, Mukesh Ambani, Chairman of the Reliance Industries has continued to remain seated on the Iron Throne and has been named as the wealthiest man in India for the 13th consecutive year. Moreover, he has managed to add a whopping 37.3 billion dollars to his kitty which has only been increasing each year.

With the whole world waiting for an antidote for the deadly Coronavirus, Cyrus Poonawalla, the vaccine maker is the new kid on the block to have entered the top 10 list, being stationed at the sixth position. If percentages are to be calculated, the highest gainer has been Kiran Mazumdar Shaw, Chairperson of Biocon.

However, all eyes on the youngest billionaire in the list of top 100, Nikhil Kamath, the founder of the biggest stock brokerage company in India, Zerodha. Kamath is just 34 years old and has a net worth of Rs. 11, 300 crore which is about $1.55 billion.



Kamath was not even an adult when he started stock trading, it was at the age of 17 wherein he dropped out of school to partake in Indian National Chess Championships. At the mere age of 19, Kamath was the co-founder of his company called Kamath Associates for the purpose of managing high net worth individual portfolios in public markets.

It was in the year 2010 that he founded another company, Zerodha with his brother Nithin. With three million users, Zerodha boasts of being one of the most popular retail brokerage companies in India. They also have an investment firm with the name of True Beacon which focuses on investors who have an ultra-high net worth. The firm operates on a zero-fee model.

With the lockdown in place, trading saw an increase and there were several who opened Demat accounts which helped the Kamath brothers to enter the list at the 90th spot.
Divya Gokulnath is the second youngest billionaire in the list who is the wife of BYJU’s founder Byju Raveendran and is also the co-founder in BYJU’s. At age 39, Raveendran is the third-youngest billionaire who had founded his company back in 2011.



Kylie Jenner: Youngest self-made billionaire, Forbes magazine

She reached the milestone earlier than Facebook founder Mark Zuckerberg

Kylie Jenner has been named the youngest-ever, self-billionaire by Forbes magazine. She reached the milestone earlier than Facebook founder Mark Zuckerberg who became a billionaire aged 23.

Forbes estimated that Jenner’s Kylie Cosmetics is worth at least $900 million, and she owns it all.

However, that description rankled some critics who questioned whether Ms Jenner, whose family has appeared on reality television for years, could truly be described as “self-made”.

Forbes says as long as she didn’t inherit a business or money, she’s labelled self-made.

She also makes money from endorsements and appearances on cable TV’s Keeping Up with the Kardashians, and was ranked at number 2,057 on the Forbes 2019 list.



Kylie Cosmetics last year signed a deal with Ulta Beauty to put her products in all of the retailer’s 1,163 US stores.

The list shows Amazon’s founder, Jeff Bezos, remains the world’s richest man. The 21-year-old founded and owns Kylie Cosmetics, the three-year-old beauty business that generated an estimated $360m in sales last year.

“I didn’t expect anything. I did not foresee the future. But (the recognition) feels really good. That’s a nice pat on the back,” Kylie told Forbes.

Of all the billionaires on the list only 252 are women, and the richest self-made woman is real estate mogul Wu Yajun of China, worth an estimated $9.4 billion.

The number of self-made women reached 72 for the first time, up from 56 a year ago.