How rich is Ajit Jain?
Ajit Jain Net Worth:
|Birth date:||July 23, 1951|
|Birth place:||Odisha, India|
|Education:||Harvard Business School (1978), Indian Institute of Technology Kharagpur (1972), Harvard University|
Ajit Jain net worth, wiki & biography:
Ajit Jain runs the highly profitable specialty reinsurance business at Berkshire Hathaway who has an estimated net worth of $2 billion. Then he moved to the United States and earned his MBA at Harvard Business School in 1978. Ajit then joined McKinsey & Co. but returned to India to get married in the early 1980’s. In 1986, he left McKinsey to work for Warren Buffet on insurance operations at Berkshire Hathaway.
Ajit Jain Net Worth $2 Billion
Currently, Jain is the President of Berkshire Hathaway Insurance Group which is regarded as the jewel group of the Buffet business conglomerate. It has been a significant profit generator and is notorious for taking risks that even others in the insurance business world had already prevented. It has insured the health of the Yankee superstar Alex Rodriguez as well as a coverage that offered PepsiCo, Inc. a protection for a sweepstakes that potentially paid out a $1 billion grand prize but nobody won it. He single handedly took the duty of the first ever venture made by Berkshire in the Indian insurance market, the Berkshire India Ltd. or BerkshireInsurance.com.