Rakesh Gangwal

Rakesh Gangwal (#728)

Global Rank #728

Country Rank #279

Country United States

Rakesh Gangwal is listed among the world billionaires tracked by Iconic Billionaires.

$ 6 B
Airline
United States
M
73 Years

Snapshot

Quick Facts

Global Rank #728

Country Rank #279

Net Worth $5.6B

Previous Worth $5.7B

Worth Change -$0.1B

Country United States

Industry Airline

Age 73 Years

Gender M

Worth As Of May 4, 2026

Last Refreshed 25 Jul 2026, 12:00 AM

Residence Miami, Florida

World Billionaires List United States Billionaires Airline

Profile Data

Personal Stats

Age 73

Source Of Wealth Airline, Self Made

Self Made Score 8

Philanthropy Score 1

Residence Miami, Florida

Citizenship United States

Marital Status Married

Children 1

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

Net Worth Change -$0.1B -1.8% from previous worth

Previous Net Worth $5.7B

Current Net Worth $5.6B

Worth as of May 4, 2026

About Me

Airline veteran Rakesh Gangwal owes his fortune to 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 Rahul Bhatia (also a billionaire) in 2006 with one aircraft. The Miami resident resigned from the company's board in 2022 and said he would gradually sell his stock over the next five years. Gangwal was named chairman of Southwest Airlines in November 2024. He resigned from that role in August 2025 but remains on the board.

Insights

Did You Know?

The Indian-born mechanical engineer studied at the Indian Institute of Technology, Kanpur before getting his M.B.A. at Wharton.

He and his wife paid $30 million for a Miami mansion that previously belonged to billionaire Charles Johnson.

Gangwal and IndiGo cofounder Bhatia had a bitter falling out in 2019 over corporate governance issues. Their dispute reached courts in London, Florida and Maryland.

Wealth Growth

Net Worth Growth Over Time

Tracking Rakesh Gangwal's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth

Period Change Worth Movement

Current Net Worth: $5.6B (May 4, 2026)