Business Chief US and Canada September 2023 | Page 18

In 1971 , Prem Watsa left India for Canada with just eight dollars to his name . Today , he is one of the world ’ s most revered leaders in business
LIFETIME OF ACHIEVEMENT

How Prem Watsa went from ambitious teen to business supremo

In 1971 , Prem Watsa left India for Canada with just eight dollars to his name . Today , he is one of the world ’ s most revered leaders in business
WRITTEN BY : TOM CHAPMAN

From a business and leadership perspective , it would not be a stretch to call Prem Watsa one of the most successful Indian exports of all time . Having moved to Canada as an ambitious , inquisitive young man , Watsa studied hard and went on to launch his own business in the form of Fairfax Financial in the mid-1980s .

Today , Fairfax is one of the nation ’ s biggest companies and its founder remains at the helm as Chairman and CEO .
Watsa is a prolific investor and , as a result , has frequently been labelled as the ‘ Canadian Warren Buffett ’. This tendency to invest has clearly not been without reward given the 73-year-old ’ s immense wealth , but he is also a keen philanthropist , making efforts to give something back to educational institutions .
18 September 2023