Ajay Banga, an Indian-American businessman, has been nominated by the US to manage the World Bank, according to President Joe Biden, who said the nomination comes at this vital time in history.

If approved by the World Bank Board of Directors, Banga would become the first Indian-American and Sikh-American to lead either of the two leading international financial institutions, the International Monetary Fund or the World Bank.

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Ajay Banga Net Worth

According to sources, Banga has an estimated net worth of $1.2 billion, the majority of which comes from his successful business career. He is listed as the No. 1 wealthiest creator in Chief Executive Magazine’s “Wealth Creators Index.”

Ajay Banga Age

Ajaypal Singh Banga was born on November 10, 1959, and is currently 63 years old. He was born in the Khadki cantonment of Pune, India, and is an executive in the business world.

Ajay Banga Family

His forefathers are from the Punjabi city of Jalandhar. His father, retired lieutenant general Harbhajan Singh Banga, served in the Indian Army. He is the younger brother of businessman M. S. Banga, who is also well known as CEO of equity fund Clayton Dubilier Rice.

Ajay Banga Wife

Ajay is married to Ritu Banga and they have two children together, Jojo Banga and Aditi Banga.

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Ajay Banga Career

In 1981, he landed a job at Nestle and began his professional career. He worked there for the following 13 years. Afterward, he joined PepsiCo., where he worked for a time and helped to build franchised fast-food restaurants in India.

Banga is now the vice chairman of General Atlantic at the moment. Prior to this, he led the industry through a strategic, technological, and cultural revolution as President and CEO of Mastercard.

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He is the International Chamber of Commerce’s honorary chairman, serving from 2020 to 2022. He has previously held positions on the boards of Dow Inc., Kraft Foods, and the American Red Cross. Ajay has also collaborated extensively as the Co-Chair of the Partnership for Central America with Vice President Kamala Harris.