Who is Prem Watsa, the 'Canada's Warren Buffett' behind ₹52,878-crore IDBI Bank deal. Prem Watsa is the founder and CEO of Canada-based financial services firm Fairfax Financial Holdings, which is acquiring a 60.72% stake in IDBI Bank for ₹52,878 crore. Born in Hyderabad, Watsa studied chemical engineering at IIT Madras before completing his MBA in Canada. Dubbed the "Warren Buffett of Canada", Watsa has an estimated net worth of around $2.5 billion.