click this icon for latest updates
Published: July 14, 2025 11:54 PM IST
By Abhijeet Sen 
| Edited by Abhijeet Sen
Rakesh Gangwal: Forbes’ 2025 list of the richest Americans features Rakesh Gangwal, a standout among the many immigrant success stories shaping the US economy but in the Indian context, Gangwal is an inspiration for many. From humble beginnings to building a billion-dollar empire, his journey reflects grit, vision, and global ambition.
Rakesh Gangwal is an affluent Indian-American billionaire entrepreneur who is an inspiration for many people in the aviation industry. Born in Kolkata and later moved to US, Gangwal amassed his wealth primarily through his involvement with InterGlobe Aviation, the parent company of India’s leading budget airline, IndiGo. Being the co-founder and 25% partner of IndiGo Airlines, Gangwal’s achievements extend beyond financial success.
Although the family background of Rakesh Gangwal is not extensively documented, reports say that Gangwal completed his education at Don Bosco School in Park Circus, Kolkata. After completing his schooling, Gangwal complted his graduation in 1975 from the Indian Institute of Technology Kanpur with a bachelor’s degree in mechanical engineering. Furthered his education, he also earned an MBA from the University of Pennsylvania’s Wharton School, US.
As per Forbes, the net worth of Rakesh Gangwal is estimated at $6.7B as on July 14, 2025.
Meanwhile, IndiGo recently announced the appointment of retired IAS officer Amitabh Kant as a Non-Executive Director on the Board of Directors of its parent company InterGlobe Aviation Limited, subject to regulatory and shareholder approvals in another significant development.
More importantly, Kant was part of PM Modi’s team that delivered the historic New Delhi Leaders’ Declaration, which emphasised tackling global issues, catalysing growth, expanding India’s digital public infrastructure, and advocating ambitious reforms in climate finance, geopolitics, and technology. Along with these achievements, he was the Chief Executive Officer of the National Institution for Transforming India (NITI Aayog) for a period of six years.
(With inputs from agencies)
For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on India.com.
8th Pay Commission BIG Update: Bad news for Central government employees, delay likely in implementation of…, salary may increase by over…
Gautam Adani makes big announcement, to invest Rs 600000000000 in world-class affordable…
Rs 30000000000: Indian aviation industry may lose huge amount of money due to…, no connection with recent Air India crash
This BSE-listed company commences production of oil pumps for Hero MotoCorp Ltd – Check details here
India hits China hard after Xi Jinping’s betrayal, gets full support from THIS country, farmers to get…, country is…, not US, UK, Russia, Japan
Big boost for army as India plans to develop suicide drone with range of 900 km, check its Pinaka connection, bad news for China, Pakistan due to…
Pakistan to turn THIS country into another PoK? Turkey asks Islamabad to build ties with…, concern for India because…
This African nation, ‘Saudi Arabia of Africa’, has jackpot oil, gas and…; India wants to…, the country is…
PM Modi in Brazil: Brazil confers its highest honour on PM Modi
PM Modi in Brazil: Brazilian President Luiz da Silva receives Indian PM at Alvorada Palace in Brasilia, hugs him
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts Cookies Policy.
