Nuldha co-founder Nikhil Kamath has signed the Giving Pledge. In doing so, he joins a number of high net worth individuals around the world in committing to donate 50% of his wealth to charity. These include climate change, education and healthcare. “I am committed to positively impacting the world. The mission to create a more just society aligns with my values and aspirations,” said Kamath. Zerodha is India’s largest stock brokerage in terms of trading volume.
Kamath’s estimated net worth is $3.45 billion. He also has his own foundation, Young Indian Philanthropic Pledge (YIPP), which works with entrepreneurs to donate at least 25% of their wealth to charity.
What is promise
The Giving Pledge is an initiative of Warren Buffett, Bill Gatesand Melinda French Gates in 2010.
Other Indians on the list
While Kamath is the only Indian among this year’s signatories, there are other Indians on the list who have signed up for this initiative in the past. The names include Infosys co-founder Nandan Nilekani, Wipro chairman Azim Premji, executive chairman and founder of Biocon Limited Kiran Mazumdar-Shaw, and Vedanta chairman Anil Agarwal.
Global numbers
Overall, nearly 241 philanthropists from 29 countries have signed up to the Giving Pledge this year. These include co-founder of LinkedIn Reed HoffmanTesla CEO Elon Muskand Canva co-founders Melanie Perkins and Cliff Obrecht.
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