Rising Wealth and Forbes Recognition
Nikhil Kamath, a prominent young billionaire, recently gained attention for his presence at the dinner hosted by Joe Biden in honor of Indian Prime Minister Narendra Modi. Remarkably, both Nikhil and his brother secured spots on Forbes' list of India's 100 richest individuals, marking their debut on this prestigious ranking. Additionally, the IIFL Wealth Hurun India Rich List 2020 included them among the top 100, with Nikhil accumulating a substantial wealth of ₹7,100 crores.
True Beacon and Disrupting Asset Management
In 2019, Nikhil embarked on a new business venture as a co-founder of True Beacon, an asset management company specializing in Alternate Investment Funds. True Beacon aims to revolutionize the market with its unique model that eliminates upfront fees, operating solely on a profit-sharing basis. The flagship fund, True Beacon I, was launched the same year, further solidifying Nikhil's presence in the financial landscape.
A Multifaceted Lifestyle
While Nikhil dedicates much of his time to business matters, he also enjoys engaging in various recreational activities. He can often be found playing basketball alongside his brother or challenging his friends to intense chess matches.
Background and Personal Life
Hailing from Shimoga, Karnataka, the 36-year-old Nikhil Kamath comes from a family with a banking background. His father, Raghuram, had a career at Canara Bank, while his mother, Revathi, is an accomplished Veena player. Although Nikhil did not complete high school, his entrepreneurial spirit propelled him to great success.
Notably, Nikhil was previously married to Amanda Puravankara and is currently in a relationship with actress and former Miss India, Manushi Chillar.
Controversy and Apology
In 2021, Nikhil found himself at the center of controversy when he utilized AI assistance during a chess match against renowned chess player Vishwanathan Anand. The event aimed to raise funds for COVID-19 relief and attracted notable personalities like Aamir Khan and Arijit Singh. After facing criticism, Nikhil issued an apology for his actions.
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