Who Is Ajay Banga? Age, Biography and Wiki
Ajay Banga, born on November 10, 1959, is a prominent American business executive renowned for his dynamic leadership in global finance and development sectors. As of 2025, he is 65 years old. Banga skyrocketed to fame as the former CEO of Mastercard and is currently serving as the President of the World Bank, where he plays a pivotal role in driving economic progress and sustainability worldwide. His unique blend of expertise, coupled with his international upbringing, shapes his perspective on global business practices.
| Occupation | Business Executive |
|---|---|
| Date of Birth | November 10, 1959 |
| Age | 65 Years |
| Birth Place | Poona, Bombay State, India |
| Horoscope | Scorpio |
| Country | India |
Popularity
Ajay Banga's Popularity over time
Height, Weight & Measurements
While exact details of Ajay Banga's height and weight have not been publicly documented, his professional demeanor and presence exude confidence and authority. As a business leader, his physical appearance reflects his commitment to maintaining a healthy lifestyle, likely adhering to a regular fitness regimen and balanced diet.
Family, Dating & Relationship Status
Ajay Banga is known for maintaining a low-profile personal life. He is married to Ritu Banga, and together they share a strong family bond. The couple has two daughters, who have carved their own paths in life. While details surrounding his family life are often kept private, it is evident that Banga values family and commitment above all.
His family is originally from Jalandhar, Punjab. 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.
Net Worth and Salary
As of 2025, Ajay Banga's net worth is estimated to be in the range of $200 million. Throughout his career, he has accrued significant wealth through his extensive roles in prominent organizations and various investments. His salary as the President of the World Bank is structured to reflect his vast experience and contributions to global economic strategies.
In 2008, Banga became chief executive of the bank's Asia-Pacific business, and splitting time between New York and Hong Kong. In this capacity, he led a major reorganization of Citigroup's Asian operations in 2008 that gave regional heads increased authority across the bank's product lines.
Banga received about $10 million in compensation in 2008 from Citigroup, making him one of the firm's highest paid executives that year.
Career, Business and Investments
Ajay Banga has had an illustrious career marked by notable positions in various corporations. Before assuming the presidency of the World Bank, he led Mastercard, where he transformed the digital payment sector and expanded the company's global reach. His strategic initiatives at Mastercard positioned him as a thought leader in digital transformation and financial inclusion.
Beyond his corporate engagements, Banga has made substantial investments in technology and sustainable ventures, focusing on enhancing economic opportunities for developing nations. His commitment to corporate responsibility is reflected in his active involvement in various philanthropic efforts and initiatives aimed at supporting underserved communities.
Ajaypal Singh "Ajay" Banga (born November 10, 1959 ) is an Indian American business executive. He is the president of the World Bank Group. He was the executive chairman of Mastercard, after having previously been president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020.
He retired from this position on December 31, 2021, and joined General Atlantic as its vice chairman.
Social Network
Ajay Banga maintains a professional presence on various social media platforms, where he shares insights related to his work and thoughts on economic development. Twitter is one of the platforms where he is most active, engaging with followers and contributing to discussions around finance, global growth, and innovation.
Banga was educated at the St. Edward's School, in the Milsington Estate of Shimla, Himachal Pradesh and at the Hyderabad Public School in Begumpet. He went on to graduate with a bachelor's degree in economics from the St.
Stephen's College of the University of Delhi, subsequently earning his Post graduate program (PGP) in management (equivalent to an MBA) from the Indian Institute of Management Ahmedabad in Gujarat.
Education
Banga received his Bachelor's degree in Economics from St. Stephen's College, University of Delhi, followed by an MBA from the Wharton School of the University of Pennsylvania. His strong educational background has been instrumental in shaping his analytical skills and strategic mindset that have propelled his success in the business world.
Banga was the keynote speaker at the NYU Stern 2014 Graduate Convocation on May 22, 2014, where he spoke about the importance of diversity in driving innovation and leadership. He also was a keynote speaker for his alma mater, the Indian Institute of Management Ahmedabad, during the Class of 2015's convocation.
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, November 6, 2014
