Ajay Banga created a buzz earlier this year when he was appointed as the President of the World Bank.
Ajay Banga was awarded the Padma Shri in 2016.
Ajay Banga, the Indian-born head of the World Bank, is included in this year’s roster of Great Immigrants published by the Carnegie Corporation of New York. The list also features Ke Huy Quan, an Oscar winner, Alanis Morissette, a singer-songwriter, and Pedro Pascal, the star of “The Mandalorian,” among other immigrants in the United States.
This annual list recognizes naturalized Americans who have their roots in different countries. The Carnegie Corporation referred to Banga and others as “remarkable individuals.” The list consists of 35 individuals from 33 different countries.
Banga gained attention earlier this year when he was chosen as the President of the World Bank. Prior to this, he served as the vice chairman of General Atlantic. He spent more than 10 years working at Citigroup and Nestle before joining Mastercard, where he earned a salary of Rs 192 crore.
Banga is the son of Harbhajan Banga, a former lieutenant general in the Indian Army. He hails from Jalandhar in Punjab.
He completed his schooling at Hyderabad Public School and obtained his degree from St Stephen’s College. Later, he pursued an MBA at the Indian Institute of Management, Ahmedabad.
Ajay Banga received the Padma Shri in 2016.
In 2021, his net worth amounted to Rs 1700 crore. His salary package at Mastercard was $23,250,000 (Rs 192 crore).
He assumed the position of World Bank President for a term of five years.
“During his tenure, Mastercard launched the Center for Inclusive Growth, an initiative that promotes fair and sustainable economic growth and financial inclusion worldwide. He also served as the Honorary Chairman of the International Chamber of Commerce, holding the position from 2020 to 2022,” as stated on the World Bank website. Sundar Pichai serves as the CEO of Google.