warren-and-ajitWho is Ajit Jain ('72), the India-born star executive likely to lead Warren Buffett's Berkshire Hathaway

Business Today (May 6, 2019)

Rumours are rife that India-born Ajit Jain ('72), who currently serves as the President of Berkshire Hathaway's Reinsurance Group, may lead the $530 billion (Rs 36.74 lakh crore) firm in the future, succeeding Warren Buffett at the helm of the company. The billionaire investor dropped a hint on his succession plans at the firm's Annual General Meeting (AGM) on Saturday.

Without, responding directly, Buffett did say that Gregory Abel, 57, and Ajit Jain, 67 both elevated last year to the board of directors--would in the near future join him and his long-time business partner Charlie Munger, 95, on the stage to answer shareholder questions.

Although Buffett did not confirm anything at the AGM of the company, he, however, praised the two executives during the event and said that Berkshire Hathaway cannot have better operating managers than Greg and Ajit and he admires their achievements. (Read More)