Net Worth

Ajay Banga: World Bank President Salary, Net Worth, Family and Education

Ajay Banga has been President of the World Bank Group since June 2, 2023. According to reports, Ajay Banga’s net worth in 2023 is around 210 million and he is one of the top CEOs in the world.

Ajay Banga is a name synonymous with success. He has earned a reputation as one of the most successful business leaders in the world and his net worth reflects his accomplishments.

His journey from humble beginnings to the top of the corporate ladder is an inspiring story of ambition and determination. In this blog we are going to explore Ajay Banga’s amazing net worth and the journey that led him to the top.

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Meet Ajay Banga, the new head of the World Bank – Find out who Ajay Banga is

Ajay Banga, the American candidate for World Bank chief, is a man of immense wealth and success. While the world expects him to lead the organization, it is clear that his financial and business acumen has been instrumental in his rise to the top.

A former CEO of Mastercard, his net worth is in the net worth of the best CEOs in the world. With his nomination to the highest office at the World Bank, it is clear that Ajay Banga is a force to be reckoned with. Let’s take a look at Ajay Banga’s short biography.

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Full name Ajaypal Singh Banga
Better known as Ajay Banga
birth date November 10, 1959
nationality American
Profession company director
net worth $210 million

Ajay Banga Net Worth in 2023 – Exploring World Bank Chief’s Net Worth

Ajay Singh Banga has held various positions at Mastercard. He has more than 30 years of experience in this field. He has also served on the boards of directors of the American Red Cross, Kraft Foods and Dow Inc.

Currently, Ajay Banga is vice chairman of private equity firm General Atlantic. According to various reports available on the internet, Ajay Banga’s net worth in 2023 is $210 million.

He owns over 60,000 Mastercard stock units valued at over $113,123,489. Over the past 13 years, he has sold more than $69,986,261 worth of Mastercard stock.

Ajay Banga’s salary as CEO of Mastercard was around $23,250,000. He served as CEO of Mastercard for over 12 years. So it can be said that his winnings are in the hundreds of millions. In 2020, his daily salary was about $27.77 million.

In addition, Ajay also served as co-chair with United States Vice President Kamala Harris in partnership with Central America.


On November 10, 1959, Ajay Banga was born into a Saini Sikh family in the Khadki Canton of Pune, Bombay State, India (now Maharashtra). His father Harbhajan Singh Banga was an Indian Army veteran and a retired Lieutenant General. Harbhajan Singh Banga was stationed in Pune at the time of Ajay’s birth.

Ajay Banga’s family is from Jalandhar in Punjab. His older brother, MS Banga, is also a renowned businessman.

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Banga attended Hyderabad Public School in Hyderabad and St. Edward’s School in Shimla. He then earned a Bachelor of Arts (Honours) degree in Economics from St. Stephen’s College, Delhi and a PGP in Management, an MBA equivalent degree, from the Indian Institute of Management, Ahmedabad.

Full name Ajaypal Singh Banga
Old 63 years old
Place of birth Pune, India
Father Harbhajan Singh Banga
Mother Jaswant Banga
Siblings 2 (1 brother and 1 sister)
Brother Manvinder Singh Banga
Sister deepa
religion Sikhism
caste Saini (OBC)
Marital status Married
Marry Ritu Banga
Children 2 girls
Daughter Aditi Banga and Jojo Banga
Height 5 feet and 10 inches
lester 75kg
Hair color salt and pepper
eye color light brown

Career and rise to success

Banga started his business career in 1981 at Nestlé. Over the next 13 years he held positions in sales, marketing and general management. As India’s economy liberalized, he joined PepsiCo and helped build its international fast food franchises.

Banga has a strong interest in social development issues and was responsible for Citi’s global microfinance strategy from 2005 to mid-2009. He succeeded Paul Polman as President of the International Chamber of Commerce (ICC) in 2020. Since June 2018 he has held the position of First Vice President of the ICC.

Banga, Mastercard’s former Chief Operating Officer (COO), was named President and Chief Executive Officer and appointed to the Board of Directors on July 1, 2010, as announced in April 2010. Robert W. Selander, who had been Chief Management since March 1997, was replaced by Banga. Banga took over as Vice Chairman of General Atlantic on January 1, 2022.

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wife and children

Ajay Banga’s wife’s name is Ritu Banga. She is co-founder of Zoomdojo, a consulting company. Ajay and Ritu reportedly met while studying PGM at the Indian Institute of Management (IIM) in Ahmedabad. The couple dated briefly before getting married.

Ritu and Banga are blessed with two daughters. His daughter’s names Aditi Banga and Jojo Banga. Aditi and Jojo are both Harvard graduates. Aditi is currently working with Instagram.

Ajay Banga held key positions

The Council of Administration Non-Profit Organizations
Member of the Board of Exor – since 2021 President of the International Chamber of Commerce (ICC) since 2020
Board Member, Temasek Holdings since 2021 Member of the American Red Cross (ARC) Board of Governors since 2014
Advisory Board Member, BeyondNetZero Vice Chairman of the Board of Directors of the Economic Club of New York
Board member of the Dow Chemical Company Board Member, Peterson Institute for International Economics
Member, Trilateral Commission
Co-Chair of the Board of Directors of the American India Foundation since 2016

honor and recognition

Ajay Banga is an inspiration to all of us. As a true leader, his tireless work and dedication to his craft has consistently been recognized and honored. From being named the sixth tallest person in the world by Fortune to receiving the Padma Shri, India’s fourth highest civilian honor, Ajay Banga has achieved great things on a global scale.

  • Foreign Policy Association Medal – 2012
  • Padma Shri – 2016
  • Economic Times Awards Global Indian of the Year for Corporate Excellence – 2019
  • Dear friends of the Singapore Public Service Star – 2021
  • Business Council for International Understanding Leadership Award
  • Ellis Island Medal of Honor from the Ellis Island Honors Society (EIHS)
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favorite things

  • Favorite basketball team – New York Mets
  • Favorite song: Lady Gaga’s Paparazzi
  • Favorite sport – golf
  • Favorite Singers: Lady Gaga and Elvis Presley
  • Favorite music – devotional songs

frequently asked Questions

What is Ajay Banga’s address?

200 62nd Street, New York, NY 10021, United States of America.

Is Ajay Banga still working for Mastercard?

No, he resigned from Mastercard in 2021.

Is Ajay Banga rich?

Yes, he is one of the richest business executives in the world.

What nationality is Ajay Banga?


We have done our best to provide accurate information in this article. However, if you feel that any of the information is incorrect, please let us know in the comments section.

Post by: Findy

category by: Net Worth

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