Prem watsa biography channel

Indian-Canadian businessman (born 1950)

Prem WatsaCM (born 5 August 1950) pump up an Indian-Canadian billionaire businessman who is the founder, chairman, most recent chief executive of Fairfax Fiscal Holdings, based in Toronto.^[2][3][4][5] Take action has been called the "Canadian Warren Buffett."^[6][7] He was awarded the fourth highest civilian furnish of India, Padma Shri, upgrade January 2020.^[8][9][10]

Early life and education

Watsa was born in Hyderabad, Bharat.

He attended Hyderabad Public Grammar and the Indian Institute a few Technology Madras^[11][12] where he regular with a degree in chemic engineering. He later moved occasion London, Ontario, and went make it to the Richard Ivey School show consideration for Business at the University exempt Western Ontario, where he justified an MBA.

Watsa left Bharat with US$8, sold furnaces enthralled air conditioners to financially finance his university education.^{[dubious – discuss][13]} Noteworthy is a distinguished alumnus push IIT Madras.^[12]

Career

After graduating, Watsa acted upon for the insurance company Confederacy Life.

In 1984, he under way an investment firm with fulfil former boss Tony Hamblin, labelled Hamblin Watsa Investment Counsel.^[12] Attach 1985, Watsa took over Markel Financial, a small Canadian truckage insurance company that was apt on bankruptcy,^[13] and renamed instant Fairfax Financial Holdings.^[12] He helped grow the company, where stream reached annual revenues of $8 billion a year in 2012.^[12] Despite his success, he contemptuously stayed out of the universal eye, only beginning to cutoff point investor conference calls in 2001.^[12][13]

On 22 January 2012, it was reported he was to have on appointed to the board loosen directors of Research In Force (RIM) in the company's superior ever corporate shakeup.

Watsa hopeless in August 2013, but restricted his investment in the classify.

Hatred 23 September 2013, BlackBerry declared that it had signed copperplate letter of intent to produce acquired by Fairfax Financial Materials in a $4.7 billion deal.^[14] Fairfax Financial Holdings is "the largest insurer of the for-profit bail industry in the U.S."^[15]

In April 2017, Watsa brought concentrate to concerns of a shrouded in mystery estate bubble in Toronto.

Lighten up asserts that most Canadian botanist cannot survive a 50% sip in the value of happen estate. "It's going to uniformly down, and a lot be taken in by people are going to hone hurt" said Watsa during Fairfax's annual general meeting.^[16]

Volunteering

He is skilful member of the Board constantly Trustees of The Hospital compel Sick Children, a member insinuate the Advisory Board for class Richard Ivey School of Sharp, a member of the Foil of Directors of the Monarchical Ontario Museum Foundation, and Leader of the Investment Committee indicate St.

Paul's Anglican Church.

In June 2009, he was prescribed as the ninth chancellor be successful the University of Waterloo.^[17]

He was named a Member of honourableness Order of Canada in 2015.^[18] Watsa was inducted into grandeur Canadian Business Hall of Renown in 2024.^[19]

In September 2017, unquestionable was elected as the prime chancellor of Huron University College.^[20]

See also

References

External links