Warren Buffet who rose to capture the place of the world’s richest man last year pushing down the software giant Bill Gates, Microsoft and Carlos Slim Helu of Mexico, has hinted that Ajit Jain may be his successor, in his annual letter to shareholders. Ajit Jain is of Indian origin and left to Berkshire in 1986. He graduated from IIT Kharagpur and did his MBA at Harvard. Jain deals with the reinsurance division.

Buffet also said that reinsurance division is the only