Ajit Jain Net Worth is$2 Billion
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Profession: Businessperson
Date of Birth: Jul 23, 1951
Country: United States of America
Ajit Jain was born in India and has an estimated net worth of $2 billion dollars. An engineering major at university, Ajit Jain, went on to work for IBM, and to complete his MBA at Harvard, before taking a job in insurance at Berkshire Hathaway, the company run by Warren Buffett. He currently heads multiple reinsurance companies for Berkshire Hathaway.
Ajit Jain (born July 23, 1951 in Orissa, India) is an Indian born employee of Berkshire Hathaway who currently heads several reinsurance businesses. He was raised in India's coastal state of Orissa. He graduated in 1972 from the IIT Kharagpur with a bachelor's degree in engineering. He did not take his studies very seriously, according to classmate Ronojoy Dutta. Instead, they spent hours talking about economics, sociology and the Vietnam War, often debating through the night. Vijay Trehan, another classmate, described Jain and Dutta as "class clowns in our mechanical engineering class." But considering their later careers, Trehan said, "The lesson has to be that 'not taking life too seriously' is definitely the way to go." Another classmate Ravi Ghai recalls that the most notable thing about Jain was his robust sense of humor and mischief.
Jain worked for IBM in India from 1973 to 1976, then moved to the United States, where he earned an MBA from Harvard Business School in 1978. He joined McKinsey & Co., but returned to India in the early 1980s. After a monthlong courtship, he married Tinku Jain, a girl chosen by his parents. Then he went back to the United States to work for McKinsey. According to Robert P. Miles' book The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers, Jain said he would not have returned to America, but his wife wanted to move there. In 1986 he left McKinsey to work on insurance operations for Buffett. At the time, he said he knew little about the insurance business.

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Ajit Jain Latest News

Warren Buffett Loves This Business—Maybe a Little Too Much

If Berkshire is any indication, the business is headed for some belt-tightening. Ajit Jain, one of Buffett’s top lieutenants, took over at Gen Re this year. He sent a memo to employees in August, saying the company had a “costs problem.” He pointed ...
Posted: October 22, 2016, 7:09 pm

India-Born Ajit Jain Leading Race to Succeed Buffett at Berkshire

Warren Buffett once wrote to shareholders of Berkshire Hathaway Inc. that if he, his partner Charles Munger and his deputy Ajit Jain were ever on a sinking boat and only one of them could be saved, “Swim to Ajit.” On Saturday, Mr. Munger solidified ...
Posted: March 2, 2015, 2:01 am

Berkshire Hathaway’s Gen Re Promotes Brogan to Lead Aircraft Risk Unit

Brogan is currently the president and chief operating officer, overseeing underwriting and claims operations. Ajit Jain, one of Buffett’s top deputies at Berkshire, has been shuffling management at Gen Re since taking responsibility for the business this ...
Posted: October 13, 2016, 7:28 pm
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