Banga: Mastercard hit $360B market cap while Citi was under $100B
Ajay Banga · The World Bank President On Why Jobs Fix Everything | Ajay Banga x Nikhil Kamath | People by WTF · Nikhil Kamath · Apr 20, 2026 · at 1:18:46
World Bank President and former Mastercard CEO Ajay Banga discusses leaving a potential succession path at Citigroup to lead Mastercard.
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“And then from there, I had a chance to be one of the candidates to be the next CEO of Citi, which was 250,000 people. And I quit and became the CEO of Mastercard with 4000 people. But when I left, Mastercard's market cap was three hundred sixty billion, and cities was less than a hundred.”
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