Meet Ajit Jain, who worked as a seller, lost his job, now right of the world of sixth world, his fortune …

Warren Buffett, the long -time CEO of Berkshire Hathaway and legendary investor, announced in the 2025 annual shareholders that he will resign at the end of this year. According to Forbes, Buffett is the most six -stroked person in the world with a net asset of 133 billion US dollars.

At the 2025 annual conference, Buffett Ajit Jain, one of his most trustworthy managers, asked a question about artificial intelligence (AI). Jain recognized the transformative potential of the AI, in particular with regard to the change in risk assessment, the pricing and the assertion of insurance. However, he warned against being instructed in the hype and noted that Berkshire has never been a first increase in emerging technologies. Instead, Jain emphasized a cautious, measured approach: “We have not yet made a conscious, great effort to pour a lot of money into this opportunity … but should this opportunity appear in a state in which we will start immediately.”

Who is Ajit Jain?

Ajit Jain, deputy chairman of insurance operations at Berkshire Hathaway of $ 889 billion, is generally considered one of the most influential Indian managing directors in the USA. Jain's trip was born in Odisha and began with a degree in mechanical engineering from IIT Kharagpur, followed by an MBA of the Harvard Business School. After his stay at IBM and McKinsey, Jain came to Berkshire Hathaway in 1986.

Buffett often praised Jain's skills and asked Jain's parents in India whether they had “another son like this” because “it has none like an Ajit”. In shareholders' letters, Buffett Jain described a “winning decision” and said: “If there should ever be another Ajit and they could exchange me for him, don't hesitate.” The expertise of Jain in the evaluation and price risk generated $ 10 billion from value creation for Berkshire shareholders. Buffett attributes the establishment of an insurance business with 37 billion US dollars of float and consistent signing gain.

Jain, who has a net assets of USD 200 million, is an indispensable part of Berkshire's success. While Greg Abel was appointed the next CEO, Buffett repeated the unique talents of Jain and emphasized his important role in the administration of Berkshire's insurance empire.