Ajay Banga family includes his wife Ritu Banga and two daughters Aditi Banga and Jojo Banga. Ajay Banga parents are Harbhajan Singh and Jaswant Banga.
Banga is an Indian-American businessman and business executive.
He was recently nominated as the President of the World Bank by POTUS Joe Biden. Candidates for new president of USA include Nikki Haley, and Vivek Ramaswamy among others.
Banga receives a nomination after his successful career as a business executive for the past four decades.
He started his career with Nestlé in 1981. He worked for the company for 13 years before moving on to PepsiCo.
He worked closely with PepsiCo to launch its fast-food franchise in India before he once again moved on to join Citigroup. He attained an executive role at Citigroup Asia Pacific.
Banga worked with MasterCard initially as Chief Operating Officer and later was promoted to Chief Executive Officer (CEO) and President in July 2010. He worked with MasterCard for 12 years before joining General Atlantic as Vice Chairman on January 1, 2022.
His latest career breakthrough came after being nominated as President of World Bank by President Joe Biden of United States of America.
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Ajay Banga Wife Ritu Banga Is A Philanthropist
Ajay Banga family members are his partner Ritu Banga and their two grown-up children Aditi Banga and Jojo Banga.
Ajay Banga wife Ritu Banga is a generous donor in the health and medical sector.
She established Ritu Banga Healthcare Disparities Research Awards with Weill Cornell Medicine to develop a fuller understanding of health challenges and needs among the diverse population.
The award will give $50,000 each every year to researchers who present the best findings at Weill Cornell Medicine’s Diversity Week.
Apart from Weill Cornell Medicine, Ritu serves as Investor & Advisory Board Member at QuadFi. She has held the position in the Canadian organization since July 2021, the company aims on providing much-needed financial backup for recent graduates or people with thin credit scores.
Ritu is an investor and member of the advisory board in SmartPurse for the past 3 and a half years. She also works as a member of the national advisory council for Virtual Enterprises International, Inc.
According to her LinkedIn profile, Ritu has previously worked with South Asian Youth Action, Marymount School of New York, Zoomdojo, the American Institute of Architects, and several other organizations in her career history.
She earned her bachelor’s degree in Economics from Lady Shri Ram College For Women in 1979 and attended the Indian Institute of Management Ahmedabad for her MBA degree.
Ritu shares two daughters with her husband Ajay Banga. Both of Ajay Banga’s daughters are grown-ups now and are established, individuals.
His Daughter Aditi Banga
Ajay Banga daughter Aditi Banga is Head of Creator Monetization & Innovation Partnerships at Instagram.
Aditi joined Instagram as a media product strategist in June 2018. She was promoted to her present role in July 2019 and has since held the helm of her team.
She previously worked as a video product strategist for Apple for over two and a half years between August 2015 to March 2018. In the meantime, she also worked consulting Thrive Global and Stealth VR Entertainment Startup as a freelancer on their product strategies.
Aditi also has worked with Pocket Gems, Hulu, Gilt.com, and Monitor Group, among other multi-national firms as a consultant in the past, according to her LinkedIn profile.
She is found on Instagram with her username @aditib and boasts a modest number of followers of 2.5k. She shares her personal life on her public Instagram account with the world.
Aditi is married to Jonathan Ross Schwartz according to The New York Times. The pair tied the knot on September 8, 2018. Her husband Jonathan works for Boston Consulting Group. The pair met in San Francisco through mutual friends in 2012. They now share a daughter named Eila born on December 7, 2021.
His Daughter Jojo Banga
Ajay Banga daughter Jojo Jyotika Banga stays out of the spotlight. Jojo is found on Instagram with her username @jyotikabanga and has over 1k followers.
Unfortunately, her posts are only available to her followers as she has kept her account private for the time being.
However, Jojo makes plenty of Instagram appearances on her sister’s account. Jojo appears to be super close with her elder sister Aditi.
The 32-year-old celebrates her birthday on October 20 every year. Aditi shared an emotional post on her Instagram marking Jojo’s 30th birthday, she appreciated her younger sister for coming into her life and giving continuous support.
Jojo graduated from Harvard Business School with her MBA degree and has been working with clearme.com for the past two years. According to her LinkedIn profile, she has also worked with McKinsey & Company, Peloton Interactive, and PepsiCo, among other companies in her career.
He Comes From An Indian Household
Ajay Banga brother MS Banga is a renowned Indian Businessman. Their father Harbhajan Singh Banga served in Indian Army in a decorated position.
His elder sibling MS Banga aka Manvinder “Vindi” Singh Banga is a partner at Clayton, Dubilier & Rice. Manvinder worked for Unilever for over three decades before quitting in 2010.
MS currently chairs the UK Government Investments, he has held the position since September 2021. He has also worked with Marks and Spencer as Senior Independent Director for 7 years between September 2011 and 2018.
According to his LinkedIn profile, MS graduated from the Indian Institute of Technology with a mechanical engineering degree. He then attended the Indian Institute of Management for his Master in Business Administration degree. He is a recipient of Padma Bhushan.
Mavinder shares two sons Tavraj Banga and Udaibir Banga with his wife Kamini Banga. His son Tavraj works for Helios Investment Partners as a senior executive and Udaibir works for CVC Capital Partners as a private equity investor.
Ajay Banga parents are Harbhajan Singh Banga and Jaswant Kaur. His father Harbhajan was a decorated General of the Indian Army. Information about his mother, apart from her name, is not available on the web.
Ajay Banga Is Nominated For Leading World Bank
Ajay Banga World Bank nomination was announced by President Biden on Thursday, February 24.
Once his nomination gets confirmed by the Board of Directors of the World Bank Group, he will serve as the 14th president of the organization. According to the Wikipedia article on World Bank presidents, all serving presidents have been United States citizens nominated by POTUS.
Banga’s nomination came after the current president of the World Bank David Malpass planned to step down from his position only four years into his tenure. Announcing his nomination, President Biden said Ajay has the ability to mobilize funds to tackle the climate issue and other urgent matters.
Ajay has previously served as the President and CEO of payment-processing behemoth MasterCard for over a decade. He currently holds the position of Vice Chairman at General Atlantic.
According to his Wikipedia profile, Ajay Banga’s salary was $27.77 million in 2020 as the President and CEO of MasterCard. According to annual reports published by World Bank in 2021, President David Malpass made $524,970 in annual salary.
However, being the head of the world’s leading financial institution with backing from several economic superpowers has to do more than earn a decent paycheck.
Ajay Banga’s net worth is $1.2 billion as of 2023, according to Net Worth Post.
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