Age, Biography and Wiki
Prem Watsa was born on 5 August, 1950 in Hyderabad, Hyderabad State (present-day Telangana), India, is an Indian-Canadian businessman (born 1950). Discover Prem Watsa's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 73 years old?
| Popular As |
N/A |
| Occupation |
Businessman |
| Age |
73 years old |
| Zodiac Sign |
Leo |
| Born |
5 August, 1950 |
| Birthday |
5 August |
| Birthplace |
Hyderabad, Hyderabad State (present-day Telangana), India |
| Nationality |
Canada
|
We recommend you to check the complete list of Famous People born on 5 August.
He is a member of famous Businessman with the age 73 years old group. He one of the Richest Businessman who was born in Canada.
Prem Watsa Height, Weight & Measurements
At 73 years old, Prem Watsa height not available right now. We will update Prem Watsa's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Who Is Prem Watsa's Wife?
His wife is Nalini Loganadhan
| Family |
| Parents |
Not Available |
| Wife |
Nalini Loganadhan |
| Sibling |
Not Available |
| Children |
Stephanie Watsa, Ben Watsa, Christine Watsa |
Prem Watsa Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Prem Watsa worth at the age of 73 years old? Prem Watsa’s income source is mostly from being a successful Businessman. He is from Canada. We have estimated Prem Watsa's net worth, money, salary, income, and assets.
| Net worth |
US$1.1 billion (September 2016) |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
Businessman |
Prem Watsa Social Network
Timeline
Prem Watsa (born 5 August 1950) is an Indian-Canadian billionaire businessman who is the founder, chairman, and chief executive of Fairfax Financial Holdings, based in Toronto.
In 1984, he started an investment firm with his former boss Tony Hamblin, called Hamblin Watsa Investment Counsel.
In 1985, Watsa took over Markel Financial, a small Canadian trucking insurance company that was verging on bankruptcy, and renamed it Fairfax Financial Holdings.
Despite his success, he largely stayed out of the public eye, only beginning to hold investor conference calls in 2001.
In June 2009, he was appointed as the ninth chancellor of the University of Waterloo.
He helped grow the company, where it reached annual revenues of $8 billion a year in 2012.
On 22 January 2012, it was reported he was to be appointed to the board of directors of Research In Motion (RIM) in the company's largest ever corporate shakeup.
Watsa resigned in August 2013, but kept his investment in the company.
On 23 September 2013, BlackBerry announced that it had signed a letter of intent to be acquired by Fairfax Financial Holdings in a $4.7 billion deal.
Fairfax Financial Holdings is "the largest insurer of the for-profit bail industry in the U.S."
He was named a Member of the Order of Canada in 2015.
In April 2017, Watsa brought attention to concerns of a real estate bubble in Toronto.
He asserts that most Canadian banks cannot survive a 50% drop in the value of real estate.
"It's going to come down, and a lot of people are going to get hurt" said Watsa during Fairfax's annual general meeting.
He became the Richest Indian in Canada.
He is a member of the Board of Trustees of The Hospital for Sick Children, a member of the Advisory Board for the Richard Ivey School of Business, a member of the Board of Directors of the Royal Ontario Museum Foundation, and Chairman of the Investment Committee of St. Paul's Anglican Church.
In September 2017, he was elected as the first chancellor of Huron University College.
He was awarded the fourth highest civilian award of India, Padma Shri, in January 2020.
Watsa was born in Hyderabad, India.
He attended Hyderabad Public School and the Indian Institute of Technology Madras where he graduated with a degree in chemical engineering.
He later moved to London, Ontario, and went to the Richard Ivey School of Business at the University of Western Ontario, where he earned an MBA.
Watsa left India with US$8, sold furnaces and air conditioners to financially support his university education.
He is a distinguished alumnus of IIT Madras.
The Watsa family are Christians.
After graduating, Watsa worked for the insurance company Confederation Life.
