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Time Magazine
20-05-2025
- Business
- Time Magazine
Nikhil Kamath
In 2023, at age 36, Nikhil Kamath became the youngest Indian to sign the Giving Pledge. By then he had already donated millions to environmental and educational projects—and started his own offshoot initiative, the Young India Philanthropic Pledge (YIPP), which asks Indians under age 45 with fortunes over $100 million to commit to giving away at least 25% of their wealth. It's a remarkable development for a high school dropout who started working for a Bangalore call center as a teenager, and using his free time to trade stocks. In 2010 Kamath and his older brother Nithin founded Zerodha, now one of India's most successful discount brokerages, and within 13 years both had become billionaires. Kamath still likes to invest but he's increasingly focused on giving his money away. He and Nithin together have committed more than $100 million to their Rainmatter Foundation, which focuses on solutions to climate change. Meanwhile, YIPP has raised $8 million to fund projects such as upgrading 300 schools with better computers, career counseling, and other services. Kamath says he wants to improve conventional schools because education 'is the only democratizing element that can close the inequality gap.'
Time of India
20-05-2025
- Business
- Time of India
TIME 100 Most Influential People in Philanthropy 2025: David Beckham, Warren Buffett, Azim Premji & others who made the cut
TIME magazine has released its 2025 list of the 100 Most Influential People in Philanthropy , highlighting global change makers driving impact through charitable initiatives, funding, and policy reform. Among those who made the cut are David Beckham, honoured for his continued advocacy as a champion of change; Michael Bloomberg, named 2024's biggest donor; Oprah Winfrey, recognised for her work in female education; Melinda French Gates, who continues to focus on women, girls, and families; and Warren Buffett, credited with reshaping modern philanthropy. Indians on the list: Indian business tycoon Azim Premji , was recognised in the prestigious 'Titans' category, while Zerodha co-founder Nikhil Kamath earned a spot in the 'Trailblazers' list. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Famous Celebrities With Unexpected Degrees Learn More Undo Azim Premji, the founder of tech major Wipro is better known as one of India's most generous philanthropists, directing his wealth to systematically improving India's public education system. The first Indian to sign the Giving Pledge, in 2013, Premji has endowed the foundation he launched nearly 25 years ago with over $29 billion in shares from his company, Wipro. In addition to disbursing traditional grants—$109 million went to 940 organizations focused on education, health, and other areas in 2023-2024—the foundation works directly with teachers and rural child care workers via 59 field offices and 263 teacher learning centers throughout India, on educational programs that have so far helped over 8 million children. The foundation also plays an advocacy role on education policy, helping to shape national its latest initiatives: constructing a third campus for Azim Premji University, which offers programs aligned with the foundation's mission, including in public health, education, and sustainability; a scholarship program for college-bound girls; and establishing over 480 child-care centers for kids ages six months to 3 years. Live Events Meanwhile, Nikhil Kamath, at age 36, became the youngest Indian to sign the Giving Pledge. He has donated "millions to environmental and educational projects—and has started his own offshoot initiative, the Young India Philanthropic Pledge (YIPP), which asks Indians under age 45 with fortunes over $100 million to commit to giving away at least 25% of their wealth." He and Nithin together have committed more than $100 million to their Rainmatter Foundation, which focuses on solutions to climate change, says TIME magazine. Meanwhile, YIPP has raised $8 million to fund projects such as upgrading 300 schools with better computers, career counseling, and other services.
