ZERODHA BROTHERS TOPPED IN LIST OF YOUNG TREASURES | 2020

 ZERODHA BROTHERS TOPPED IN LIST OF YOUNG TREASURES

It is possible for a few to earn a living at a young age. Unsatisfied with a simple job after higher education. Starting your own startup  Hundreds of people like him are looking for satisfaction in providing employment. If you look at the list of the richest people in IIFL Wealth and Haroon India, you will find such successful entrepreneurs. 

Nitin Kamath and Nikhil Kamath, co-founders of Zerodha, topped the list with a fortune of Rs 24,000 crore. Most importantly, they are from Sriharsha Majeti, Vijayawada city, Andhra Pradesh,  once again caught everyone's attention by standing at 15th position in the list with a fortune of Rs 1,400 crore. He is also the only person to have secured a place out of Tier‌2 town. 

Sriharsha, an alumnus of BITS Pilani, co-founded Bundle Technologies in 2013 with Nandan Reddy. This is Swiggy Holding Company. Swiggy is owned by major investment companies such as Tencent Holdings, Naspers Limited, DST Global, and others. Swiggy has a market value of $ 3 billion (Rs 22,000 crore).

Expansion of the Internet as a platform:-

Sixteen entrepreneurs under the age of 40 have a combined net worth of Rs 44,900 crore, according to the IIFL Wealth and Haroon India Self-Made Rich List 2020 of Entrepreneurs Under 40. 

A net worth of at least Rs 1,000 crore (net worth) was taken as the benchmark. Most of them hit the jackpot with the startup as an internet platform. 

With the exception of a few of them during the Corona period, the rest of their wealth increased significantly. The top 2 founders of Zerodha in the report have increased their wealth by a combined 58% this year. Ritesh Agarwal, who is ranked 9th on the list, has lost 40% of his wealth this year. 

This is due to the boom in tourism and hospitality with Corona. Vue Technologies (Woo brand) Devi Saraf's fortune also fell 33%. Devi is the only woman entrepreneur to make it to the list. 

"Some have completely withdrawn from startups, while others have partially withdrawn and started investment funds. Also, support for young entrepreneurs. It has had a huge impact on the growth of Indian entrepreneurs, ”said Haroon India MD Anas Rehman.