Rakesh Gangwal
American businessman
Source: Wikidata — retrieved 10/11/2026 (wikidata)Dispute
Profile Summary
A net worth stated in this summary may be out of date.
Rakesh Gangwal is an American businessman, born in 1953, with an estimated net worth of ~$5.9B Wikidata.
Business & SEC Activity
SEC EDGAR records list 98 insider filings for Gangwal, including filings connected with CarMax, Southwest Airlines, Office Depot, PetSmart, and OfficeMax SEC EDGAR. Recent filings include Form 4 reports dated May 16, 2025; October 2, 2024; August 1, 2024; and July 12, 2024, plus a Form 3 on July 12, 2024 SEC EDGAR. Form 3 discloses an insider's initial ownership in a company, while Form 4 reports subsequent changes in an insider's holdings or transactions SEC EDGAR.
Philanthropy
The Gangwal Foundation, based in South Barrington, Illinois, reported $284,482 in assets for tax year 2023 ProPublica 990. It reported $16,300 in grants paid, $15 in revenue, and $16,315 in total expenses that year ProPublica 990.
Political Activity
Federal Election Commission records show 8 contributions totaling $22,600 between November 19, 1996, and May 28, 2026 FEC. The reported party breakdown was $17,000 to recipients with an unknown party designation, $4,600 to Democratic recipients, and $1,000 to Republican recipients FEC. The largest listed recipients were Southwest Airlines Co. Political Action Committee ($10,000), Hillary Clinton for President ($4,600), US Airways Political Action Committee ($4,500), US-Air Political Action Committee/Allegheny PAC ($1,500), and Senator John Warner Committee ($1,000) FEC.
These donations are matched to this person by name only, so some may belong to a different person with the same name: FEC filings can include a donor's employer and city, but our matching does not check them against what we know about this person.
U.S. Presence
Philanthropy
Foundations are matched to a person by name, not by trustee records — so a same-surname family foundation can land here in error. Every entity below links to its full IRS filing; if one doesn’t belong, tell us at hello@skylarkcreations.com and we’ll pull it.
Political Contributions
By Party
Every party on file is listed here. The bars are rounded for display; unrounded they total exactly $22,600.
Top Recipients
Matched by name only. These donations are matched to this person by name only, so some may belong to a different person with the same name: FEC filings can include a donor's employer and city, but our matching does not check them against what we know about this person.
SEC Filings
Associated Companies
Entities appearing alongside this person in SEC full-text search — an association, not necessarily ownership or control. Follow each link to the primary SEC record to judge for yourself.
Recent Insider Filings
Score Breakdown
The giving score is a weighted average of 2 components. The formula is open and versioned — the weight percentages below show how much each component contributes to the final score.
Evidenced charitable giving — built on what they actually give each year, not parked assets. Dominated by generosity (annual giving relative to net worth — the share of your fortune you give), plus the absolute scale of that giving, plus a small nudge for signing the Giving Pledge (a commitment, not a realized action).
Data: ProPublica 990 charitable disbursements, net worth, The Giving Pledge registry
How much sourced public record we hold about this person — net worth, SEC filings, foundation 990s, news coverage, Wikidata. It measures our coverage, not how open the person is. Each further kind of record scores higher, up to eight. Political donation records matched to a person by name alone are not counted: they may belong to someone else with the same name. From October 7, 2026, our own AI-written summary and the profile photo are not counted either — neither is a public record — so grades that leaned on them moved down that day.
Data: SEC EDGAR, ProPublica 990s, GDELT / NewsAPI, Wikidata
Formula (v2): Giving score = 65% x Philanthropy + 35% x Data coverage
Scored on 10/16/2026 on a 0–100 scale. The score uses only the signals we have populated data for. Goal Impact, Controversy, and Community Approval are deferred until that data exists — Phase 1 goal adoption, controversy detection, and community votes respectively.
All data is sourced from public records. Each section links to its original source. View on Wikidata