The 34-year-old Zerodha co-founder grabbed headlines for being India's youngest billionaire. He was also a chess champion who dropped out of school at age 14
This story was first published on April 6, 2021, and updated on June 15, 2021.
Nikhil Kamath made waves last year when it was announced that he was India's youngest billionaire at only 34, according to the Forbes India rich list 2020.
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The youngster joined the list alongside his brother, Nithin Kamath. Together, the pair founded Zerodha Broking, which is a discount stock brokerage, in 2010. Today, the brothers are worth USD$1.55 billion and are continuing to dominate the financial landscape in India.
Most recently, Nikhil made headlines when he admitted on Twitter that he had cheated in order to win a charity chess match against a five-time world chess champion Viswanathan Anand.
The charity chess match was held on June 13 to raise funds for the Akshay Patra Foundation Covid-19 relief fund which helps to feed the needy. The match was live-streamed on chess.com and saw Nikhil play against celebrities such as Aamir Khan and Riteish Deshmukh.
However, it quickly came out that Nikhil had been suspended for violating the fair play policy. This was after it was discovered that he had cheated to win against Anand.
He admitted to this in a tweet that he put out and wrote, "I had help from the people analyzing the game, computers and the graciousness of Anand sir himself to treat the game as a learning experience. This was for fun and charity. In hindsight, it was quite silly as I didn’t realise all the confusion that can get caused due to this. Apologies."
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It is ridiculous that so many are thinking that I really beat Vishy sir in a chess game, that is almost like me waking up and winning a 100mt race with Usain Bolt. ? pic.twitter.com/UoazhNiAZV
— Nikhil Kamath (@nikhilkamathcio) June 14, 2021
While Nikhil has received some backlash for cheating, both Viswanathan and the billionaire have also come out to defend the match. In a tweet, Viswanathan wrote, "Yesterday was a celebrity simul for people to raise money It was a fun experience upholding the ethics of the game. I just played the position on the board and expected the same from everyone".
Nikhil added in his tweet that it was ridiculous that anyone should think that he could beat the chess master.
However, aside from his recent blunder, Nikhil is certainly still very accomplished, especially for his age. If this is the first time you're hearing of him, keep reading to find out some interesting facts about the billionaire.