5 Youngest Hedge Fund Billionaires and Their Top Stock Picks

4. Karthik Sarma

Age: 49

Net Worth as of December 5: $2.9 billion

Top Stock Pick: Avis Budget Group, Inc. (NASDAQ:CAR)

Karthik Sarma is from India and founded SRS Investment Management in 2006 and is the  managing partner of the fund as well. After receiving his master’s degree from Princeton University, he was a consultant with McKinsey & Company for three years and went on to work at Tiger Global Management for five years as a managing director.

SRS Investment Management had 19 holdings in the third quarter. In the quarter, Avis Budget Group, Inc. (NASDAQ:CAR) covered over 45% of the fund’s portfolio with 17.43 million shares worth $3.132 billion, making it the top stock pick of the fund’s investment portfolio.