Prem Watsa
V. Prem Watsa, CM, businessman, investor (born 7 August 1950, in Hyderabad, India). Watsa emerged from modest beginnings to found and develop one of the most prominent financial holding companies in Canada, Fairfax Financial Holdings Ltd., of which he is chairman and chief executive officer. Fairfax is engaged in property and casualty insurance and reinsurance, as well as investment management. Among the companies Fairfax either owns, or owns enough shares to give it controlling interest, are Sporting Life, William Ashley, and Prime Restaurants, which has many chains including East Side Mario’s. Fairfax also has investments and owns insurance and other companies in Canada, the United States, Great Britain, Brazil, Poland, Malaysia, Singapore, Barbados and Hong Kong. In 2016, it had revenues of $12.3 billion and held $58.3 billion in assets. Watsa is sometimes called Canada’s Warren Buffett for his shrewd investment practices. According to Forbes, he had an estimated net worth of over $1.08 billion (as of 2017) and was ranked the 31st wealthiest Canadian.