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Ajay Banga Net Worth

Ajay Banga net worth

What is Ajay Banga net worth?

Net worth$23 billion
NameAjaypal Singh Banga
Date of birthNovember 10, 1959
OccupationBusiness executive
NationalityIndian Americans

Ajay Banga net worth 2021: Ajaypal Singh Banga is an Indian-American business executive. He is currently executive chairman of Mastercard, having previously served as president and CEO of the company from July 2010 until December 31, 2020.

Early life

Banga was born November 10, 1959 into a Sikh family in Khadki, Pune, Maharashtra, India where his father, an army officer, was posted. His father, Harbhajan Singh Banga is a retired lieutenant-general who served in the Indian Army. He is the younger brother of businessman M. S. Banga.

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Banga grew up and attended schools across India, successively in Secunderabad, Jalandhar, Delhi, Ahmedabad, before finishing his schooling in Shimla.

He completed his primaryn education at the Hyderabad Public School in Begumpet. Banga went on to graduate with a Bachelor of Arts (Honours) degree in Economics from St. Stephen’s College, Delhi University followed by PGP in Management (equivalent to MBA) from the Indian Institute of Management, Ahmedabad.


Beginning his business career with Nestlé in 1981, Banga spent the next 13 years working in jobs spanning sales, marketing, and general management. He later joined PepsiCo and was involved in the launch of its international fast food franchises in India as the economy liberalized.


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Banga was vice chairman of the board of trustees of the New York Hall of Science and a board member of the National Urban League. He was formerly a business sponsor of Citi’s African heritage network – NYC.


Banga has a keen interest in social development issues, and over the period from 2005 to mid-2009, he spearheaded Citi’s strategy in the microfinance sector across the world.

Banga is a regular speaker at various FinTech conferences and various leadership conferences. He also appeared on the Mad Money show hosted by Jim Cramer on Thursday, 6 Nov 2014

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In 2020 he was elected chairman of the International Chamber of Commerce succeeding Paul Polman. He previously served as ICC’s First Vice-Chair since June 2018.

Ajay Banga Net Worth

Ajay Banga net worth is $23 billion. Ajay Banga made $27,774,448 in total compensation as Executive Chairman of the Board at Mastercard Inc in 2020.