Rakesh Gangwal

$5.22 B

Ranked #775 in World

About Rakesh Gangwal

Rakesh Gangwal, an Indian-American billionaire and IndoGo co-founder, commands a notable 25.2% stake in the airline and previously helmed US Airways Group as CEO. Born on July 25, 1952, Gangwal's illustrious career spans Boeing, Air France, and Worldspan Technologies leadership after his engineering studies at IIT Kanpur and MBA from Wharton School. A strategic investor, Gangwal's philanthropic efforts include a ₹100 crore donation to IIT-Kanpur. Residing in Miami, his legacy extends to his entrepreneur daughter, Parul.

Born

July 25, 1953 in Kolkata, West Bengal, India

Age

72 years

Source Of Wealth

Airline

Industries

Service

Citizenship

United States

Residence

Miami, Florida

Education

Bachelor of Science in Engineering, Indian Institute of Technology; Master of Business Administration, University of Pennsylvania, The Wharton School

Children

Rakesh Gangwal was born on July 25, 1952, in Kolkata, West Bengal, India. He attended Don Bosco (Park Circus) for his early education. Gangwal then pursued a bachelor's degree in Mechanical Engineering from the prestigious Indian Institute of Technology (IIT) Kanpur, graduating in 1975. Subsequently, he obtained an MBA degree from the renowned Wharton School of the University of Pennsylvania, further enhancing his academic qualifications.

Rakesh Gangwal: Family

Rakesh Gangwal is married and has one daughter named Parul. Parul worked for Salesforce before launching her own start-up, Wheelhouse Capital, in June 2021. The Gangwal family resides in Miami, Florida.

Rakesh Gangwal: Career Highlights

Rakesh Gangwal's career journey is marked by significant achievements and leadership positions in the aviation industry. He moved to the United States in 1977 and held various roles at United Airlines, including manager of strategic planning. Gangwal also served as executive vice president for Air France from November 1994. In September 1980, he worked closely with United Airlines as an associate of Booz Allen & Hamilton, Inc. Prior to these positions, Gangwal worked as a financial analyst at Ford Motor Co. and as a production and planning engineer with Philips India Ltd.

Gangwal's most notable accomplishment came when he co-founded IndiGo airline, India's largest low-cost carrier, in 2006. He currently holds a 25.2% ownership stake in the airline. Additionally, Gangwal served as the chairman, president, and CEO of Worldspan Technologies from June 2003 to August 2007. From 1998 to 2001, he held the position of president and CEO of US Airways Group.

Rakesh Gangwal: Companies

Rakesh Gangwal has been associated with several prominent companies throughout his career. He co-founded IndiGo airline and served as its chairman. Gangwal also held leadership positions at US Airways Group as president and CEO, as well as chairman, president, and CEO of Worldspan Technologies. Additionally, he worked for United Airlines, Air France, Booz Allen & Hamilton, Inc., Ford Motor Co., and Philips India Ltd.

Rakesh Gangwal: Major Achievements

Rakesh Gangwal's major achievements include co-founding IndiGo airline, which has become India's largest low-cost carrier.

He also played a pivotal role in the success of US Airways Group as its president and CEO. Gangwal's contributions to the aviation industry have been widely recognized, and he was conferred with the Distinguished Alumnus Award by IIT Kanpur.

Rakesh Gangwal: Awards & Achievements

Rakesh Gangwal has received numerous awards and accolades for his contributions to the business world. He was ranked No. 359 in the Forbes 400 list of the richest people in America in 2020. Additionally, Gangwal was recognized for his philanthropic efforts when he donated ₹100 crore to set up a school of medical sciences and technology at IIT-Kanpur in April 2022.

Rakesh Gangwal: Personal Life & Legacy

Rakesh Gangwal leads a private personal life and is known for his philanthropic endeavors. He is married with one daughter and resides in Miami, Florida. Gangwal's legacy lies in his significant contributions to the aviation industry, particularly through his role in co-founding IndiGo airline and his leadership positions at other major companies.

Rakesh Gangwal: Trivia

Rakesh Gangwal's daughter, Parul, followed in her father's footsteps by pursuing a career in business. She worked for Salesforce before launching her own start-up, Wheelhouse Capital, in June 2021.

Wealth History

Timeline

July 25, 1952

Rakesh Gangwal was born.

1975

Rakesh Gangwal earned a bachelor's degree in Mechanical Engineering from IIT Kanpur.

1977

Rakesh Gangwal moved to the United States.

September 1980

Rakesh Gangwal worked closely with United Airlines as an associate of Booz Allen & Hamilton, Inc.

1984

Rakesh Gangwal joined United Airlines as manager, strategic planning.

November 1994

Rakesh Gangwal served as executive vice president for Air France.

1998

Rakesh Gangwal became President and CEO of US Airways Group.

2001

Rakesh Gangwal stepped down as President and CEO of US Airways Group.

June 2003

Rakesh Gangwal became Chairman, President, and CEO of Worldspan Technologies.

August 2007

Rakesh Gangwal stepped down as Chairman, President, and CEO of Worldspan Technologies.

2002-2003

Rakesh Gangwal was involved in various personal business endeavors.

April 2022

Rakesh Gangwal donated ₹100 crore to set up a school of medical sciences and technology at IIT-Kanpur.

Rakesh Gangwal : FAQs

What is Rakesh Gangwal's current net worth?

Rakesh Gangwal's current net worth is $5.22 billion.

What is Rakesh Gangwal's current global rank among billionaires?

Rakesh Gangwal holds the 775th position globally among billionaires.

What is Rakesh Gangwal's current ranking within the United States?

Rakesh Gangwal holds the 288th position in United States.

What was the change in Rakesh Gangwal's net worth compared to the previous year?

Rakesh Gangwal's net worth decreased by 464.57 million dollars compared to the previous year 2025, when his net worth was 5.69 billion dollars.

What is the recent change in Rakesh Gangwal's net worth?

Rakesh Gangwal's net worth decreased by 53.54 million dollars recently, a 1.03% decrease, with his net worth standing at 5.22 billion dollars.

What are Rakesh Gangwal's main sources of wealth?

Rakesh Gangwal's main source of income comes from Airline.

In which industry does Rakesh Gangwal primarily operate?

Rakesh Gangwal is primarily involved in the Service industry.

What is Rakesh Gangwal educational background?

Rakesh Gangwal holds a Bachelor of Science in Engineering from Indian Institute of Technology and a Master of Business Administration from the University of Pennsylvania from The Wharton School.

How old is Rakesh Gangwal?

Rakesh Gangwal is 72 years old.

How many children does Rakesh Gangwal have?

Rakesh Gangwal has 1 children.

Who is Rakesh Gangwal and what is he known for?

Rakesh Gangwal is an Indian-American billionaire businessman, recognized for co-founding IndiGo airline, where he holds a 25.2% stake. He is also known for his past roles as CEO and chairman of US Airways Group and as president and CEO of Worldspan Technologies.

What are some key positions Rakesh Gangwal has held in his career?

Throughout his career, Rakesh Gangwal has held several key positions including executive vice president for Air France, an associate of Booz Allen & Hamilton, strategy manager for United Airlines, president and CEO of US Airways Group, and was involved in various personal business endeavors.

How has Rakesh Gangwal contributed to education and philanthropy?

Rakesh Gangwal has actively contributed to philanthropy, notably donating ₹100 crore to IIT Kanpur in April 2022 to establish a school of medical sciences and technology. He has also received the Distinguished Alumnus Award from IIT Kanpur and served on various educational boards.

What is known about Rakesh Gangwal's personal life?

In his personal life, Rakesh Gangwal is married and has a daughter named Parul who has worked for Salesforce and launched her own start-up, Wheelhouse Capital, in June 2021. The family resides in Miami, Florida.