After years of advising against buying an accommodation for residence, billionaire co-founder of Zerodha, Nikhil Kamath (38) whose net worth is nearly Rs 310 crores, finally bought a property. The reason? Landlord, of course, who wanted the young fintech mogul to vacate. In his WTF podcast, Nikhil Kamath remarked that while there are several advantages of renting a house, there’s one disadvantage: you don’t know when you will move out of the house. The episode featured CEO of WeWork India Karan Virwani, and the Chairman and MD of Prestige Group, Irfan Razack. No surprises there why the emphasis on buying and not renting.
🏡💼 Nikhil Kamath of @zerodhaonline has shifted his stance in the age-old debate of buying vs renting
He just bought his first house, here’s why 👇https://t.co/TbdIX0SaPa pic.twitter.com/iRYwnQOBNi— Moneycontrol (@moneycontrolcom) October 20, 2024
#ItsViral | #Zerodha’s #NikhilKamath trolled for taking U-turn, buying house.
He advocated for renting earlier. https://t.co/PvqOYmXQRE— Hindustan Times (@htTweets) October 20, 2024
#ItsViral | Billionaire #NikhilKamath buys his first house, putting an end to renting vs buying debatehttps://t.co/AGsfAhMkX7— Hindustan Times (@htTweets) October 19, 2024
Billionaire broker Nikhil Kamath buys home, leaves internet debating on renting vs. owning a house#NikhilKamath #internet https://t.co/8inKUh8PEq pic.twitter.com/KHg9QnT8I3— Business Insider India🇮🇳 (@BiIndia) October 20, 2024
Meanwhile, netizens roasted the Zerodha boss for taking a U turn on his own relentless advice. “After all the renting gyaan…” a user took a dig at Kamath, as another user quipped, “Played the classic uncle’s playbook after 35—bought a house.” “Finfluencers are hypocrites,” remarked another user. “Moral of the story, watch podcasts for entertainment,” one netizen reacted. Meanwhile, average millennial’s parents—ab toh Nikhil ne bhi ghar le liya tum kab mutual fund chhor apna ghar loge? Take away? Don’t borrow wisdom from podcasts.
After all that renting gyan, Nikhil Kamath finally bought a house?????— Richa Singh (@RichaaaaSingh) October 20, 2024
Nikhil Kamath just followed the classic uncle playbook after 35—bought a house 🏡. #AdultingGoals pic.twitter.com/6Ryyu1YvXO— कवि: आलोक “अज्ञात” (@alokntyl) October 20, 2024
Fin influencers are hypocrites, idiots in the category of content creation
Those guys are narcissistic, just to sound unique they speak bs— Prashanth Goundar 🇮🇳 (@m_s_prashanthh) October 20, 2024
Moral of the story : Watch podcasts for entertainment and to check what super-rich and privilege think of common people on street and how disconnected they are from the reality after earning enormous wealth.— Sonia Minocha/সোনিয়া/ಸೋನಿಯಾ/சோனியா/सोनिया (@SoniaMinochka) October 20, 2024
On hearing Nikhil Kamath’s house purchase, average millenial’s parents be like:
Ab to Nikhil ne bhi ghar le liya, ab tum kab mutual fund chod apna ghar loge😀😂😂— Bachat Xpert (@BachatXpert) October 21, 2024
See Also: Rs 45,000 Monthly Rent For Chawl Home In Mumbai Triggers The Internet: ‘Rent Matunga Ka Hai Ya Manhattan Ka?’
See Also: Zerodha’s Billionaire Boss Nikhil Kamath Ends The Debate About Renting Or Buying House: ‘Ridiculous And Retarded’
See Also: Zerodha’s Nikhil Kamath’s Advice On Renting Or Buying A House Has Divided The Internet
