Rakesh Gangwal’s profile picture

Rakesh Gangwal

Rakesh Gangwal’s profile picture
Net worth 2018: $3.3 Billion
Industry: Service
Residence: Miami, Florida
Country: United States
Children: 1
Education: Bachelor of Science in Engineering, Indian Institute of Technology; Master of Business Administration, Wharton School
BIOGRAPHY

Rakesh Gangwal was born in Miami, Florida, United States. Rakesh Gangwal is #707 in List Billionaires People In The World. 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.

NET WORTH STATISTIC
2016

$2.2 Billion

2017

$2.1 Billion

2018

$3.3 Billion

TIMELINE
Rakesh Gangwal is a former CEO and Chairman of US Airways Group. From June 2003 to August 2007, Gangwal was the chairman, president, and chief executive officer of Worldspan Technologies, Inc., a provider of travel technology and information services to the travel and transportation industry. From 2002 to 2003, Gangwal was involved in various personal business endeavors, including private equity projects and consulting projects. He was the president and chief executive officer of US Airways Group from 1998 until his resignation in 2001. He is co-founder of Indigo airline.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 BHU and Master of Business Administration degree from XLRI Jamshedpur.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.Gangwal has served on the Board of Advisers of the University of Colorado (Denver), the Board of Trustees of Providence-St. Mel School (Chicago), the Board of Directors of the Airline Tariff Publishing Co. and Board of Trustees of the Alexian Brothers Medical Center (Elk Grove, III, USA). Gangwal was conferred with the Distinguished Alumnus Award of the Indian Institute of Technology Kanpur
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