As one of the most talked-about figures, Vikram Pandit has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.

What Is Vikram Pandit's Net Worth and Salary?

Vikram Pandit was born on January 14, 1957, in Nagpur, India. He comes from a wealthy family of Marathi ethnicity. His father, Shankar, served as an executive director at the company Sarabhai Chemicals. As a youth, Pandit went to Bishop Cotton School and then to Dadar Parsee Youths Assembly High School in Mumbai. At the age of 16, he moved to the United States, where he enrolled at Columbia University. Vikram earned a BS degree in electrical engineering from Columbia in 1976; he subsequently earned an MS from Columbia in the same field in 1977. He eventually decided to transition to economics and went on to obtain both an MBA and a PhD in finance from Columbia Business School.

At Morgan Stanley, Pandit was a key player in developing the company's prime brokerage division as well as its electronic trading platform. In 2000, he attained his highest position when he became president and COO of Morgan Stanley's global institutional securities and investment banking operations. Vikram parted ways with the company in 2005, ending his 22-year career at the firm.

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In early 2006, Pandit partnered with fellow former Morgan Stanley employees John Havens and Guru Ramakrishnan to launch the hedge fund Old Lane LLC. The following year, the company was purchased by Citigroup for $800 million; as a result, Pandit and Havens became members of Citi's leadership. Vikram was soon appointed chairman and CEO of the Citi Alternative Investments unit and later was put in charge of the company's Institutional Clients Group. In December 2007, he was named Citigroup's new CEO.

For his first full year as CEO of Citigroup in 2008, Pandit earned a total compensation of $38.2 million. Early the next year, due to the company's financial struggles, he demanded that his salary be set at $1 a year with no bonus until Citigroup returned to profitability. Vikram's total compensation for 2009 ended up being $128,751. After working for two years on the $1-a-year salary, he had his annual base raised to $1.75 million thanks to his progress in turning Citigroup's finances around. Pandit continued his success, turning in five straight quarterly profits to become one of the highest-paid CEOs in the world.

Resignation and Controversy

Vikram Pandit is an Indian-American banker who has a net worth of $200 million. Vikram Pandit served as the CEO of the financial services corporation Citigroup from 2007 to 2012. Before this, he worked at Morgan Stanley for 22 years and was integral in developing the company's prime brokerage division and electronic trading platform. In 2016, Pandit created and became the chairman and CEO of the operating company the Orogen Group.

In 1983, Pandit became an associate at the financial services corporation Morgan Stanley, becoming one of the first Indians to join the company. Working up the ranks, he was named the managing director and head of Morgan Stanley's US Equity Syndicate in 1990. Four years after that, Vikram became the managing director and head of the company's global institutional securities division.

In summary, the total wealth of Vikram Pandit reflects strategic moves.

Disclaimer: All net worth figures are estimates based on public data.