Nithin Kamath, the co-founder of Zerodha, has raised alarm over the growing wealth inequality, which he believes could have serious social and economic repercussions if not addressed. In a recent post on X, he shared how his perspective on wealth has changed from a modest goal of earning ₹5 crore and retiring in Goa to a recognition of the stark wealth gap that exists today. Kamath highlighted that wealth is increasingly concentrated among the top 1%, with an even sharper focus on the top 0.1%. He attributes this trend to rising asset prices globally, which disproportionately benefit asset owners, a situation exacerbated since the 2008 financial crisis. He warned that extreme inequality rarely leads to positive outcomes, suggesting that it could result in heightened social tensions. Kamath used a vivid analogy, likening the current situation to being in a car with cut brakes, approaching a cliff. He urged for a shift in mindset regarding wealth accumulation, advocating for a portion of wealth to be redirected towards initiatives that enhance societal well-being. His remarks come amid increasing global discussions on inequality and the impact of wealth creation, particularly in light of advancements in artificial intelligence and automation.