Nikhil Kamath, co-founder of Zerodha, has joined the ‘Giving Pledge’. This commitment involves donating 50% of his wealth to charitable causes such as climate change, education, and health care.
What Happened? Warren Buffett, Bill Gates, and Melinda French Gates established the Giving Pledge in 2010, encouraging wealthy individuals worldwide to contribute to society.
Kamath stated his commitment to having a positive impact on the world, aligning with his values and aspirations of creating a more equitable society. Forbes reports that through ‘The Giving Pledge’, the entrepreneur intends to back initiatives related to climate change, energy, education, and health.
He stands as the only Indian signatory this year, joining previous Indian participants such as Infosys co-founder Nandan Nilekani, Wipro chairperson Azim Premji, and Vedanta chairman Anil Agarwal.
The Giving Pledge has attracted 241 philanthropists from 29 countries this year. Well-known figures among the signatories include LinkedIn co-founder Reid Hoffman, Tesla CEO Elon Musk, and Canva co-founders Melanie Perkins and Cliff Obrecht.
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With an estimated net worth of $3.45 billion (₹28,510 crore), Kamath also notably runs his own foundation, the Young Indian Philanthropic Pledge (YIPP). The foundation collaborates with entrepreneurs, encouraging them to donate at least 25% of their net worth to charitable causes.
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