Nithin Kamath's views on wealth

Description

Zerodha CEO Nithin Kamath provided an honest response to a challenging question posed during an event in Bengaluru: Why do Indians harbor resentment towards wealthy individuals?

At the TechSparks 2024 event in Bengaluru, YourStory founder Shradha Sharma pointed out the contrasting perceptions of rich people in India and the United States.

“In the United States, a person’s wealth, success, and new car purchases are displayed on the cover page. Purchasing a jet and everything else is completely typical. Furthermore, they don’t despise [wealthy people] as a society, added Sharma.

Conversely, she noted that in India, people tend to be “very judgmental when someone earns money.” She added, “We often think, ‘ismein kuch toh galat hoga’ (there must be something wrong with them).”

Nithin Kamath’s Perspective

Kamath, 44, resonated with Sharma’s observations and offered a thoughtful perspective on the matter. He acknowledged the significant wealth disparity in India, attributing it to the country’s socialist mindset.Read More-https://voiceofentrepreneur.life/