Prem Watsa is the founder of Fairfax Financial Holdings. Prem Watsa's Fairfax Financial increased its book value by almost 25% annually since 1985. Fairfax Financial also returned close to 100% since 2007 vs. a loss of 20% for the S&P 500 index.That's one of the reasons why he is called Warren Buffett of Canada. Prem Watsa was actually born in Hyderabad, India in 1950.