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

Meet Ajit Jain, the man in charge of Warren Buffett's profit machine

As Ajit Jain grew up in Orissa, south of Calcutta, India, he had no idea that he would be helping to insure the type of damage caused by the cyclones that occasionally strike his coastal hometown. Today, Jain heads part of Berkshire Hathaway Inc.’s ...
Posted: May 1, 2015, 6:00 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

Introducing Warren Buffett's Successor

Lets get into the candidates. Meet the man Warren Buffett says has made more money for Berkshire shareholders than anyone else, including Buffett himself - Ajit Jain, the head of Berkshire’s reinsurance division. Buffet himself has consistently ...
Posted: December 12, 2017, 3:33 am
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