Ajit Jain

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Ajit Jain (born July 23, 1951 in Orissa , India ) is a manager of the US financial holding Berkshire Hathaway , who currently heads several reinsurance business units of the company. Ajit Jain is an older cousin of Anshu Jain , the former "co-chairman" of Deutsche Bank . Around 2002, he made the connection between his cousin Anshu and Warren Buffett .

Education and career

In 1972 he completed his studies at IIT Kharagpur with a bachelor's degree in engineering.

After working for IBM in India from 1973 to 1976 , he moved to the USA, where he received his MBA from Harvard Business School in 1978 . After working for McKinsey & Company , he returned to India in the early 1980s, where he married Tinku Jain at the suggestion of his parents. He then returned - at the instigation of his wife - back to his previous employer McKinsey in the USA.

In 1985 he left McKinsey to work for Warren Buffett's holding company Berkshire Hathaway in the insurance business (an area of ​​which he said he understood very little at the time). Today Jain is Chairman of the Berkshire Hathaway Insurance Group.

In the company's 2014 annual report, he and Greg Abel are named as possible successors to founder Warren Buffett in the position of CEO of Berkshire Hathaway.

Private

Ajit Jain established the Jain Foundation in Seattle in 2005 to cure the dysferlinopathy (a form of muscular dystrophy also known as LGMD2B or Miyoshi myopathy ) that his son suffers from. Jain's personal wealth is estimated at $ 2 billion.

literature

  • Robert P. Miles: The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers. John Wiley & Sons Inc., 2003.
  • Jeff Matthews: Secrets in Plain Sight: Business and Investing Secrets of Warren Buffett. eBooks On Investing, 2012.

Individual evidence

  1. ^ S. Krishnan, Anusha Janaki: Warren Buffett testing Indian market , Rediff. June 27, 2003. Archived from the original on March 10, 2007. Retrieved on March 24, 2007. 
  2. ↑ The Jains rule the world . In: Handelsblatt , June 1, 2012. 
  3. ^ Ajit Jain leads pack to take over from Warren Buffett . In: Hindustan Times , May 8, 2012. 
  4. ^ Ajit Jain: Berkshire's next Oracle? . Rediff India Abroad. March 6, 2009. Retrieved May 15, 2010.
  5. ↑ Rob Urban: Jain, Buffett Pupil, Boosts Berkshire Cash as Succession Looms . In: Bloomberg News , July 11, 2006. Retrieved July 23, 2006. 
  6. ^ First Indian venture of US conglomerate Berkshire Hathaway . December 18, 2012. Retrieved January 23, 2013.
  7. ↑ Berkshire Hathway Shareholder Letter for 2014 (PDF) Retrieved April 14, 2015: "his successors would not be 'of only moderate ability." For instance, Ajit Jain and Greg Abel are proven performers "
  8. ^ Ajit Jain may head Buffett firm . In: The Asian Age , March 2, 2015. Archived from the original on April 2, 2015. 
  9. ↑ Mission . Retrieved April 14, 2015.
  10. ^ Ajit Jain Net Worth . Archived from the original on April 13, 2015. Retrieved April 14, 2015: "Ajit Jain runs the highly profitable specialty reinsurance business at Berkshire Hathaway who has an estimated net worth of $ 2 billion"
personal data
SURNAME Jain, Ajit
BRIEF DESCRIPTION Indian finance manager
DATE OF BIRTH July 23, 1951
PLACE OF BIRTH Orissa , India