Businesspersons
Ajit Jain Net Worth
Ajit Jain's Net Worth as of 2024
$2 Billion
Ajit Jain was born in 23 July 1951, in Orissa, India, and is a Berkshire Hathaway employee, best known to be the head of several re-insurance businesses. He’s also known to be the older cousin of the former CEO of Deutsche Bank Anshu Jain. All of his efforts have helped put his net worth to where it is today.
How rich is Ajit Jain? As of late-2016, sources estimate a net worth that is at $2 billion, mostly earned through his work with Berkshire Hathaway. He is the president of their Insurance group and is the head of their Indian Insurance market venture. He’s also considered to be the heir apparent to Warren Buffet, and all of his achievements have ensured the position of his wealth.
Ajit Jain Net Worth $2 billion
Ajit attended the Indian Institute of Technology, Kharagpur and would graduate in 1972 with a degree in mechanical engineering. The following year, he worked for IBM as a salesman for their data processing operations centered in India, and would quickly rise to prominence, becoming the “Rookie of the Year” in his region. He continued to work there until 1976, steadily increasing his net worth. However, IBM discontinued their operation because they did not want any Indian ownership of the company, as required by the country’s law.
Two years later, Jain moved to the United States and would study at Harvard Business School, earning his MBA, then joining McKinsey & Co. before returning to India in the 1980s to marry. He went back to the United States as his wife wanted to live there, continuing to work for McKinsey & Co. until 1986, when he was offered work on insurance for Warren Buffet’s Berkshire Hathaway; he was invited by his former McKinsey boss Michael Goldberg who also left the company to join Berkshire Hathaway four years prior. Ajit knew very little about insurance when he joined the group, but slowly worked his way up until he became the President of the Berkshire Hathaway Insurance Group – his net worth would increase at a dramatic rate during this period. In 2014, it was suggested to shareholders that Jain and Greg Abel would be appropriate successors for Warren Buffet as the CEO of the company. According to Buffet, Jain has created the re-insurance business out of nothing and has taken risks in markets no other company wanted to know about. Warren’s son Howard is also said to succeed as the non-executive Chairman to ensure that the company would retain the culture it has been known for.
For his personal life, it is known that Ajit has been married to Tinku Jain since 1981, and that the two were paired by their parents; they currently reside in Connecticut. He also founded the Jain Foundation in 2005 in hopes of curing dysferlinopathy, which is a neuromuscular disorder also known as Miyoshi myopathy, which is located in Seattle. Aside from this, Ajit practices the ancient Indian religion Jainism – because of which he is a strict vegetarian. According to the book “The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers” written by Robert P. Miles, Jain was not interested in returning to the United States if it was not for his wife who wanted to live there.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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