Abel, 55, oversees the other businesses, which range from railroad BNSF and Fruit of the Loom to Duracell and Dairy Queen. He has built business empires and given away billions of dollars to places he believed the money would be best used. Ajit Jain was made teh President of the Berkshire Hathaway Reinsurance Group. Warren Buffett Additionally it gives out scholarship's to poor and needy students. He’s a very important man in the business world and we wanted to know more about him. His primary concern is making Berkshire Hathaway successful.


Ajit has always been a hard worker. After Ajit had relocated to America and earned his degree from Harvard, he joined the McKinsey & Col firm. Learn how your comment data is processed. Ajit Jain, the insurance executive who was named a vice chairman of Buffett’s conglomerate earlier this month, disclosed the holdings in a regulatory filing on Thursday.

Of course, he hasn’t said one way or the other nor has he made a statement of refusal should the offer be made, but there are speculations which go both ways. Jain and his wife Tinku are chairs of the foundation, which he established in the hopes of curing dysferlinopathy, which afflicts their son. Which Breitling Galactic Model is Right for You? We’re fairly certain that he’s one of the top choices for the job, but there are indications that he might not be interested in fully taking the helm. When there is an important business meeting that is being held, the CEO of Berkshire Hathaway relies upon Ajit Jain to be around. He’s a top-notch professional who is known for his expertise in underwriting and knowing just how much insurance is best for his clients. He’s a very rich man who doesn’t need to worry about making more, and this is a part of what makes him such as success at what he does. This is one of the causes that Mr. Jain supports. It’s common knowledge within the company that Jain is responsible for bringing in billions in returns for the shareholders with his long track record of success in the industry. Jain directly controls about $22 million of the stock. Jain has had his share of ups and downs in his personal life. Tomorrow is different. The Jain Foundation sold 7,000 class B Berkshire Hathaway shares on Sept. 30 for $1.49 million, an average per-share price of $213. [11], He chaired the Uttar Pradesh Police Commission, looking into police reforms in the state, from 1960 and it submitted its report in 1961. Jain was born in 1951 in Odisha, one of India’s poorest states. (It was $17.5 million in 2016.) As Vice Chairman-Insurance Operations at BERKSHIRE HATHAWAY, Ajit Jain made $19,014,000 in total compensation. on 20 September, 1965", "LIST OF MEMBERS OF THE CONSTITUENT ASSEMBLY", Progressive Jains of India Satish Kumar Jain ,Shraman Sahitya Sansthan, 1975 -, Remembering Our Leaders: Bipin Chandra Pal by Anita Mahajan, Commissions and Omissions by Indian Prime Ministers: 1947–1980 By Janak Raj Jai, "Two outsiders sent to Rajya Sabha from State", "Shadow of the bear: The Indo-Soviet treaty", Data India Press Institute of India, 1977, Page 32, The city of hope: the Faridabad story By L. C. Jain, http://dspace.wbpublibnet.gov.in:8080/jspui/bitstream/10689/11626/9/Chapter%204_221-273p.pdf, https://en.wikipedia.org/w/index.php?title=Ajit_Prasad_Jain&oldid=976966607, Members of the Constituent Assembly of India, Wikipedia articles with BIBSYS identifiers, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WorldCat identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 6 September 2020, at 04:10. Abel also owned a stake in the unit that could be converted into more than $400 million of Berkshire stock, according to a regulatory filing last year. Berkshire Hathaway Energy, the business he ran, regularly disclosed his pay. He established the Jain Foundation in 2005. Make the trade!" Berkshire Hathaway He was a member of the Zamidari Abolition Committee in UP and was instrumental in the drafting of Zamidari Abolition bill and in the plan to link the rivers of India. Buffett, on several occasions, has openly praised Ajit Jain for his ability to handle critical operations with "capacity, speed and decisiveness", and credited him for creating several billion dollar value for the Berkshire shareholders. He started his work career in India but it was short-lived.
When Ajit Jain was ready to settle down, marry and have a family, he moved back to India. For the best Barrons.com experience, please update to a modern browser. Ajit Jain, the insurance executive who was named a vice chairman of Buffett’s conglomerate earlier this month, disclosed the holdings in a regulatory filing on Thursday. We learned some interesting facts about the protege of Mr. Buffet.

Most of his wealth derives from his ownership of Berkshire shares, which he built from a struggling textile maker into a business now valued at more than half a trillion dollars. Before this year, the foundation last sold Berkshire Hathaway stock in November 2018, when it sold 5,700 class B shares for $1.25 million, a per-share average of $219.69. Read more on the succession question at Buffett’s Berkshire, Insurance executive named to conglomerate’s board this month, Majority of shares held by spouse, foundation and two trusts. Abel and Jain were both named as vice-chairs of noninsurance and insurance operations, respectively, on Wednesday. In certain important respects, this person will do a better job than I am doing," he said in his annual company letter. The disclosure offers a glimpse into the finances of one of Berkshire’s most important executives. Ajit Prasad Jain (6 October 1902 – 2 January 1977) was an Indian politician who served as the President of the U. P. Congress Committee, member of the Constituent Assembly, Union minister and Governor of Kerala from Saharanpur, in the state of Uttar Pradesh, India.

Harvard is a prestigious business school that is very selective and they only accept a small percentage of applicants for admission to their programs. Before it's here, it's on the Bloomberg Terminal. Ajit Jain is a businessman from India, who has earned the respect and high-regards of Berkshire Hathaway’s Warren Buffett. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. He was recognized for his contributions at the company during his first year with the company and was named “Rookie of the Year. Buffett think Berkshire Hathaway would "operate best if its CEOs average well over ten years at the helm". Greed is not one of his downfalls. Ajit Jain (born 23 July 1951) is an Indian American executive who is the Vice Chairman of Insurance Operations for Berkshire Hathaway as of January 10, 2018. Nehru however turned it down.[7]. , has trailed the market in recent years. He helped to build the company up to the status it currently enjoys today. His far-slightness in this project and in the establishment of green revolution led to the self-sufficiency of food in India. Buffett is a no-nonsense businessman who holds Ajit in high regard. Nicknamed, Oracle of Omaha, Buffett is the chairman and CEO of Berkshire Hathaway. Even as Buffett ramped up his repurchases, Berkshire's massive pile of cash... Shareholders will be hearing more from top lieutenants Ajit Jain and Greg Abel. So who's Ajit Jain? He’s gained the trust and respect from everyone from the top down.


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