Rakesh Gangwal Net Worth

Rakesh Gangwal was born in Miami, Florida, United States. Airline veteran Rakesh Gangwal made his fortune from InterGlobe Aviation, the parent outfit of budget airline IndiGo, India's largest by market share. Gangwal started his airline career with United Airlines in 1984 and went on to run US Airways Group as its chief executive and chairman. Gangwal cofounded IndiGo, headquartered outside Delhi, with pal Rahul Bhatia (also a billionaire) in 2006 with one aircraft. The Miami resident owns close to 37% of the company and now serves as a board member.
Rakesh Gangwal is a member of Service

💰 Net worth: $2.9 Billion (Updated at 22 June 2018)

2016 $2.2 Billion
2017 $2.1 Billion
2018 $3.3 Billion

Biography/Timeline

1953

Gangwal was born in Kolkata, India in 1953. He did his schooling from Don Bosco Park Circus, received his Bachelor of Technology degree in Mechanical Engineering from the Indian Institute of Technology Kanpur and Master of Business Administration degree from Wharton.

1994

Prior to joining US Airways, he served as executive vice President for Air France, beginning in the November, 1994. His association with the airline industry began in September, 1980, when as an associate of Booz Allen & Hamilton, Inc, he worked closely with United Airlines. In 1984, he joined United as Manager-strategic-planning. He held a series of positions at United. Previously, Gangwal had been a financial analyst in the product development group of Ford Motor Co. and a production and planning Engineer with Philips India Ltd.