V. Prem Watsa
$2.8B
Born
Aug 05, 1950
Age
75
Source of Wealth
Insurance, investments
Residence
Toronto, Ontario
Citizenship
Canada
Marital Status
Married
Children
3
Education
- Prem Watsa founded Toronto-based financial services firm Fairfax Financial Holdings in 1985 and remains its chairman and CEO.
- Born in Hyderabad, India, Watsa later joined his brother in Canada, and then enrolled in the University of Western Ontario's MBA program.
- He paid his way through school by selling appliances door-to-door and, after a stint as an investment analyst, struck out on his own in 1984.
- He began acquiring insurance companies, modeling his business after the success of his idol, Warren Buffett.
- Fairfax now has property and casualty insurance and reinsurance interests across the world plus stakes in companies that include BlackBerry and GE.
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