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Ajaypal Singh Banga Net Worth, Biography & Wiki 2017
Ajaypal Singh Banga was born in 1960 in Pune, India. He is widely known as the chief executive officer of MasterCard, and currently he is the president, too. He has been active as the CEO since March of 1997. He is also recognized as the president of the U.S.- India Business Council (USIBC).
Have you ever wondered how rich Ajay Banga is? Sources estimate that Banga’s net worth is $1.2 billion, with the main source of this amount of money being his career as a businessman. Chief Executive Magazine has ranked him the No. 1 wealthiest creator in the publication’s “Wealth Creators Index”. There is no doubt that Banga’s net worth will become higher as he successfully continues his career.
Ajaypal Singh Banga Net Worth $1.2 Billion
Ajay Banga was raised in Khadki, Pune, Maharashtra in India. He is the son of Harbhajan Singh Banga, a retired army officer, and was brought up in a traditional family with his older brother Manvinder Singh Banga, who is also well known as CEO of equity fund Clayton Dubilier Rice. Banga attended schools across India, and in Shimla he finished his education before studying Economics at Delhi University, and later obtaining a MBA degree from the Indian Institute of Management, the top business school in India.
His professional career began in 1981, when he found a job at Nestle, where he spent the next 13 years, working in the marketing and management departments of the company, a very solid start to his net worth. However, he then joined PepsiCo., and during his tenure there he contributed to the opening of the fast food stores of the franchise in India
His net worth really began to grow in 1996, when he joined the Citigroup and spent the next 13 years with the company. During this period Banga worked in several senior management roles in the Asia Pacific, USA, Middle East, Europe and Africa regions. He was also responsible for Citi’s brand marketing and from 2005-2009 oversaw its efforts in microfinance.
In 2009, Banga joined MasterCard, and only a year later, he was appointed as the president and chief executive officer of the company. Furthermore, on the 1st July 2010, Banga was named as a member on the Board of Directors, which increased his net worth considerably.
To speak further of his successful career, Ajay was a vice chairman on the board of trustees of the New York Hall of Science, and also a board member of the National Urban League. In 2007, he was appointed as a member of the board of directors for Kraft Foods, where he stayed until 2012.
However, his most notable venture in his successful career happened recently, precisely on the 5th February 2015, when US President Barack Obama named him as a Member of the President’s Advisory Committee for Trade Policy and Negotiations.
Ayaj Banga is also known as a public spokesperson; he has attended numerous shows and conferences, including the NYU Stern’s 2014 Graduate Convocation.
When it comes to his personal life, Ajay Banga is married to Ritu and they have two children. In his free time, he enjoys playing golf and baseball, and listening music. He works in many charity organizations in his country.