Ajay Banga Net Worth – A Look Into His Wealth and Lifestyle

Ajay Banga is the President and Chief Executive Officer of MasterCard Incorporated. He has a net worth of $220 million as of 2024. He also served as the 14th president of World Bank Group.

He is the richest Indian in New York and earned an $23,250,000 annual salary at MasterCard which made him the highest-paid CEO in the industry. He is richer than other Indian-American e.g. Google’s Sundar Pichai and Microsoft’s Satya Nadella.

Full Name Ajaypal Singh Banga
Nationality American
Date of Birth November 10, 1959
Height 5 ft 8 in
Birthplace Pune, Maharashtra, India
Education MBA (IIM, Ahmedabad)
Net Worth $220 Million

Early Life and Education

Ajay Banga was born to Indian Army Lieutenant General Harbhajan Banga on November 10, 1959, in a small town in India named ‘Pune’. He spent his childhood in India completed his education at Hyderabad Public School and moved to St. Stephen’s College, Delhi. Later, he pursued an MBA degree from the prestigious Indian Institute of Management (IIM), Ahmedabad.

Ajay Banga
Ajay Banga was selected 14th President of the World Bank Group (Photo: The Siasat Daily)


Ajay Banga started his career with Nestle in 1981 and worked here for 13 years. He moved to PepsiCo and worked as chairman and CEO of Pepsico International. He was also a part of Citigroup.  Ajay was appointed as president and CEO of MasterCard where he served for 10 years from July 2010 until December 31, 2020, and took the company to unimaginable heights. He received the civil honor Padma Shri from the Indian government in 2016.

Ajay Banga’s career took a turn when he was appointed as president of the World Bank Group. Throughout his tenure, he continued to provide excellent leadership while he took some awesome steps to alleviate global poverty and to recover sustainable development. After retirement from MasterCard, he is serving as Vice Chairman at a private equity company General Atlantic.

He has a lavish lifestyle including his expensive real estate and luxury cars, such as the Rolls Royce Phantom and Audi Q7. He was named by Forbes as the World Bank’s top financial strategist for his great success.


Q. How rich is Ajay Banga?

Ajay Banga has an estimated net worth of $220 Million as of 2024.

Q. Who was Ajay Banga’s predecessor at Mastercard?

Ajay Banga, the former CEO of Mastercard, succeeded Robert W. Selander as the head of the company.

Q. What was the salary of Banga?

Ajay Banga’s salary was around $23,250,000 annually at Mastercard.

Q. Who is Ajay Banga in World Bank?

Ajay Banga was selected as the 14th President of the World Bank for a five-year term beginning June 2, 2023.

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