Rank #1460
Karthik Sarma
Net worth $2.9B
Hedge fund · India
- Born
- Dec 01, 1974
- Age
- 51
- Source
- Hedge fund
- Residence
- New York, New York
- Citizenship
- India
- Marital status
- Children
- 0
- Education
- Bachelor of Technology, Indian Institute of Technology; Master of Arts/Science, Princeton University
Net worth over time
Biography
- Sarma founded hedge fund SRS Investment Management in 2006 after five years at Chase Coleman's Tiger Global and now manages $10 billion.
- SRS owns 43% of Avis through common stock and equity swaps, and Sarma has served on the car rental company's board since May 2020.
- Avis stock surged 456% in 2021, fueled by talk of adding electric vehicles to its fleet, which helped Sarma's flagship fund return 35%.
- Sarma is an Indian immigrant who came to New York to get his master's at Princeton and spent three years as a consultant at McKinsey.