March 31, 2023

Ajay Banga: From Mastercard CEO to Possible World Bank President

The Next World Bank President: Could Ex-Mastercard CEO Ajay Banga be the One?

Ajay Banga, the former CEO of Mastercard, is reportedly in the running for the position of the next president of the World Bank. The current president, David Malpass, is set to step down in April 2022, and Banga’s name has been mentioned as a possible successor. In this article, we will take a closer look at Banga’s net worth, education, and professional background.

Net Worth

Ajay Banga has had a long and successful career in the business world, and his net worth is estimated to be around $150 million. He has made most of his fortune through his work at Mastercard, where he served as CEO from 2010 to 2020. During his tenure, he oversaw significant growth in the company’s revenue and market value.


Banga was born in India in 1960 and went to Delhi University, where he received a bachelor’s degree in economics. He later went on to earn an MBA from the Indian Institute of Management, Ahmedabad. After completing his education in India, he moved to the United States, where he received a master’s degree in business administration from the University of St. Thomas in Minnesota.

Professional Background

Banga began his career in the United States working for Nestle and PepsiCo, where he held various executive positions. In 1996, he joined Citigroup, where he worked for 13 years and held a number of senior positions. In 2010, he became the CEO of Mastercard, a position he held until 2020.

During his time at Mastercard, Banga oversaw significant growth in the company’s revenue and market value. He also helped lead the company’s expansion into new markets and the development of new payment technologies. Under his leadership, Mastercard became one of the largest and most successful payment companies in the world.

Possible World Bank Presidency

If Banga is selected as the next president of the World Bank, he will have big shoes to fill. David Malpass has been a vocal advocate for free-market policies and has pushed for the World Bank to focus on supporting private sector development. Banga has also been a strong advocate for private enterprise, and his experience at Mastercard could make him a good fit for the role.


Ajay Banga is a highly successful business executive with extensive experience in the finance and payment industries. His net worth is estimated to be around $150 million, and he has a solid educational background, with degrees from top universities in India and the United States. If he is selected as the next president of the World Bank, he could bring his extensive business experience and expertise to help lead the organization forward.

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