Vikram Pandit is a well-known Indian-American businessman and investor. He has gained significant recognition in the financial industry for his successful career and wealth accumulation. With his remarkable achievements and contributions, Vikram Pandit has established a substantial net worth that has placed him among the wealthiest individuals in the world.
Let’s explore Vikram Pandit net worth, life, career and more with Covemarkets.
Quick Facts
| Full Name | Vikram Shankar Pandit |
| Popular Name | Vikram Pandit |
| Gender | Male |
| Birth Date | January 14, 1957 |
| Age | 66 |
| Parents | Shankar Lal Pandit (Father) |
| Birth Place | Nagpur, Maharashtra, India |
| Nationality | Indian-American |
| Ethnicity | Indian |
| Education | Ph.D. in Finance, Columbia University |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Swati Pandit |
| Children | Two |
| Net Worth | $200 million (estimated) |
| Source of Wealth | Chairman and CEO, The Orogen Group Board of director, Virtusa Board of director, Bombardier Inc. Board of director, EXL Service |
What is Vikram Pandit’s Net Worth and Salary in 2023?
Vikram Pandit’s estimated net worth is around $200 million, making him one of the most affluent individuals in the finance industry. His substantial wealth has been primarily amassed through his successful investments and notable career.
Considering his expertise and experience, it is expected that his net worth will continue to grow in the coming years. However, as his salary is not publicly disclosed, it is difficult to determine his exact income in 2023.
Why is Vikram Pandit Famous?
Vikram Pandit gained fame and recognition in the finance industry for his influential roles in several renowned banks and financial institutions.
He served as the CEO of Citigroup from 2007 to 2012, steering the company through the global financial crisis. Pandit’s exceptional leadership skills and strategic decision-making abilities contributed to the revival of Citigroup during critical times. His achievements and contributions have established him as a prominent figure in the world of finance.
Vikram Pandit Overview
Early Life
Vikram Pandit was born on January 14, 1957, in Nagpur, Maharashtra, India. He was raised in a middle-class family, with his father being an executive at a renowned tire company. Pandit developed a keen interest in finance from a young age and decided to pursue a career in the field.
Education
Pandit completed his primary and secondary education in India. He then moved to the United States to pursue higher studies. He graduated with a Bachelor of Science degree in Electrical Engineering from Columbia University.
Pandit then studied economics and finance and got an MBA and a PhD in finance from Columbia Business School in 1986. His thesis, “Asset prices in a heterogeneous consumer economy,” was about a complicated financial puzzle.
Career and Awards
Vikram Pandit, an Indian-American banker and investor, was born in 1957 in Dhantoli, Nagpur, Maharashtra, India.
He moved to the United States at the age of 16 to attend Columbia University, where he earned his B.S. degree in electrical engineering in just three years.
He then completed his M.S. in electrical engineering in 1977 and later earned an MBA and PhD in finance from Columbia Business School in 1986.
Pandit began his professional career as an economics professor at Columbia and then at Brock University in St. Catharines, Canada.
In 1983, Pandit joined Morgan Stanley as an associate, becoming one of the first Indians to join the company. By 1990, he had risen to the position of managing director and head of the US Equity Syndicate unit.
He played a crucial role in building Morgan Stanley’s electronic trading platform and prime brokerage division.
In 2000, he was promoted to the post of president and chief operating officer of its worldwide operations of the Institutional securities and Investment banking businesses.
However, in 2005, after more than two decades with Morgan Stanley, Pandit decided to leave the firm along with John Havens after being passed over by Philip J. Purcell.
Vikram Pandit commenced his professional journey in finance by working at Morgan Stanley as an associate in the mergers and acquisitions department.
In March 2006, Pandit, along with John Havens and Guru Ramakrishnan, started the hedge fund Old Lane LLC. . Citi paid $800 million for the company in 2007, putting Pandit and Havens into Citi’s leadership.
Pandit was put in charge of Citi’s Institutional Clients Group after being named chairman and CEO of Citi’s Alternative Investments (CAI) business.
On December 11, 2007, Pandit was named CEO of Citigroup. He took over from Sir Winfried Bischoff, who had been acting CEO. Robert Rubin, who was acting as Chuck Prince’s replacement at Citigroup at the time, gave him a lot of support.
For his contributions, he received recognition and accolades, including being named one of “The 100 most influential people” by TIME magazine.
Personal Life
Vikram Pandit is married to Swati Pandit, and the couple has two children. They lead a private life and little is known about their personal endeavors.
Social Media Accounts
We don’t find any his social accounts.
FAQs about Vikram Pandit
What is Vikram Pandit’s current occupation?
Vikram Pandit is currently involved in various investment ventures and serves as an advisor and board member for multiple organizations.
Has Vikram Pandit written any books?
No, Vikram Pandit has not authored any books as of now.
What are some notable achievements of Vikram Pandit?
Vikram Pandit is known for leading Citigroup during the financial crisis and implementing strategies that stabilized the company. He also played a significant role in the development of the Indian financial markets.
Conclusion
Vikram Pandit’s remarkable career in the finance industry has propelled him to great heights of success and prominence. With a substantial net worth and notable contributions to the banking sector, he continues to be regarded as a highly influential figure. Vikram Pandit’s journey is an inspiration to aspiring entrepreneurs and individuals aiming for excellence in the world of finance.Thank you for reading.
