Prem Watsa, Canada’s Warren Buffet:

When Watsa stepped down from the board of Blackberry, speculations bulleted left and right stating that he would launch a jaw-dropping bid for the troubled smartphone maker. Merely, six weeks later, Watsa has hit the deck by launching a rescue mission to save the once famous handset maker.

But when you stand with Blackberry, things aren’t really going well. Over the past couple of years, Blackberry has lost the shine. Stocks have fallen and the company has lost its prominence in the mobile market. And by recently announcing to cut down more than a third of its workforce, the company has put themselves into more misery. But now with Watsa on their side, there is something more left in the tank.

Watsa has been the chairman and CEO of Fairfax Holding since he founded the company in 1985. Today, he controls half the voting rights of the company.

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