Finace And Stock

Rich List | Kamath worth Rs 26K cr! Raamdeo, Jain, Rashesh among richest brokers

NEW DELHI: Zerodha‘s Nithin Kamath and his family have seen their fortunes rise 51 per cent to Rs 25,600 crore in the last one year, a period that saw a record number of retail investors opening trading accounts to plunge into equity investment.

Kamath family is now the 63rd richest in India, the IIFL Wealth Hurun India Rich List 2021 showed.

Kamaths are richer than India’s richest individual investor Rakesh Jhunjhunwala, whose fortunes were last counted at Rs 22,300 crore, the rich list suggests. The Big Bull, as Jhunjhunwala is known as, saw his wealth surge 52 per cent in last one year.

Kamath’s younger brother Nikhil Kamath is worth Rs 11,000 crore.

Among other big names on Dalal Street, JM Financial’s Nimesh Kampani & family is worth Rs 5,600 crore. IIFL’s Nirmal Bhanwarlal Jain is worth Rs 4,800 crore. Motilal Oswal Financial Services’ Motilal Oswal is worth Rs 4,500 crore and is the 349th richest Indian. Market veteran Raamdeo Ramgopal Agrawal is worth Rs 4,400 crore.

Angel Broking’s Dinesh D Thakkar & family is worth Rs 2,300 crore and are the 582th richest Indians.

Another market veteran Rashesh Chandrakant Shah and his family, who own Edelweiss Financial Services, are worth Rs 2,000 crore and ranked 635th richest Indians.

Radhakishan Damani & family, who owns hypermarket chain DMart besides holding stakes in several listed and unlisted companies, is worth Rs 1,54,300 crore and is India’s seventh richest.

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