# Ajit Jain quote shows that strong companies do not depend on one person.

*business · news · 2026-05-02 · The Economic Times*

## Key points

- Ajit Jain transformed Berkshire Hathaway's reinsurance unit from 14 people into a $780 million business.
- Warren Buffett's 2025 shareholder letter named Ajit Jain a top success alongside Charlie Munger and GEICO.
- Ajit Jain is publicly emphasizing that Berkshire Hathaway's strength lies in its systems, not individual leaders.
- Despite his $2 billion net worth, Ajit Jain maintains an exceptionally private life and avoids media attention.

**Companies:** Berkshire Hathaway
**Countries:** India, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/quote-of-the-day-by-ajit-jain-just-because-you-dont-find-another-ajit-inspiring-lessons-on-leadership-teamwork-and-why-strong-companies-grow-beyond-one-person-at-berkshire-hathaway/articleshow/130723844.cms)

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