When hard work, luck, and a suitable economic environment intertwine, reaching to the top of the Forbes list of Billionaires becomes a reality. Nepalese are generally considered to be hardworking despite the degrading economic situation. Here we listed the top Richest Nepalese:
Top 10 Richest Nepalese
- Binod Chaudhary
Binod Chaudhary became a household name, known by every adult and youngsters alike in Nepal due to the full range of products that his company, Chaudhary Group rolled out. Established in 1968, Chaudhary Group is now a multinational conglomerate providing consumer goods, education, hospitality services, financial services, biotech, electronics, real estate, and alternative medicine.
At present, CG is worth 1.14 billion USD and is the depiction of Binod Chaudhary’s hard work and dedication for ages. Everyone might probably know CG for the World-renowned noodles, Wai Wai with presence in India, the United States, Saudi Arabia, and other countries over the World.
Binod Chaudhary was named the 1349th Richest Person in the World in the Forbes’ Billionaire List 2019. At present, he is worth USD 1.7 billion. Perhaps, the reason why Binod Chaudhary has been a more celebrated name than other rich Nepalese is because of his residence in Nepal and his contributions to development in Nepal.
- Shesh Ghale
With the net worth of 1.18 billion dollars, Shesh Ghale is the only second richest person of Nepalese ethnicity. His riches arise from his venture at the Melbourne Institute of Technology(MIT) in Australia. Ghale was the former president of the Non-Resident Nepali Association (NRNA) and is currently the CEO of MIT.
MIT that he co-founded with his wife Jamuna Gurung proved to be his legacy since its success led him to be ranked the 78th richest Australian. This self-made billionaire surpasses Binod Chaudhary since Dr. Ghale is the first billionaire in the global Nepalese scenario. Dr. Ghale is a boon to all Nepalese around the World. He is also known mainly for his contributions in the 2015 massive Earthquake in Nepal.
- Jamuna Gurung
It is refreshing to see the name of a female in the list of wealthiest people in Nepal. Jamuna Gurung is known to be the 8th richest woman in Australia, with around 260 million dollars. She is currently the Managing Director of MIT and is its co-founder along with her Husband, Shesh Ghale.
- Upendra Mahato
Upendra Mahato, presently a resident of Moscow, Russia, is a Nepalese Businessman who is the third richest Nepali. He was previously the president of Non-Resident Nepalese Resident (NRNA), International Coordination Council (ICC). He is currently the president of the Russia-Nepal Chamber of Commerce and Industry. Also, Mahato is the honorary consul general of Nepal in the Republic of Belarus.
Despite all of his entitlements, the reason behind his huge net worth is his work in multinational business and the Television factory that he founded in Russia. Mahato’s net worth is estimated to be somewhere between $250 million to $ 900 million. He has also invested in real estate, heavy machinery, financial institutions, and Ncell-Axiata of Nepal. Apart from his affluent economic status, Mahato is also one of the few Nepalese who holds a Doctor of Science degree.
- Ajeya Sumargi
Ajeya Sumargi is a well-known name among a group of companies. The Chairman of Muktishree Group of Companies holds a net worth of 20 to 350 million dollars through his entrepreneurship in Nepal. Sumargi’s net worth is known to have been sourced from operating telecommunication Spice Nepal with Mero Mobile, which is known popularly as Ncell in this modern day.
Sumargi has not let his past success keep him satisfied and fulfilled just yet; he is making new investments each passing year. Some of his investment s include in Muktishree Hydropower, Himalayas Spring Water, and more. At present, Sumargi is the executive director of Nepal Satellite Telecom Pvt. Ltd.
This corporate icon has won the hearts of many management professionals for his dynamism and leadership skills. However, he has also landed in some controversy over money laundering.
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- Aditya Jha
Globetrotter Canadian Entrepreneur is one of the richest persons in Nepal. Born in Janakpur, Nepal, to an Indian Family, Jha is known best to be the CEO and President of his software company Osellus inc. For those sweet tooths around the World, it would be knowledgeable to know that he is also the owner of Karma Candies, which is one of the largest confectionery manufacturers in Canada.
He has additionally expanded his portfolio by acquiring one of the oldest and largest tenders and consulting opportunity portals in the World- dgMarket International INc. He has also laid his hands on many other projects and philanthropic activities in Nepal and India. Although not a resident of Nepal, he has made Nepal proud through his hard work, dedication, and contributions.
- Balram Chainrai
Known dearly as Balu, Chainrai is a self-made multimillionaire who gained his affluence by laying his hands on real estate and electronics. He migrated to Hongkong with his family while his father was a British Army and had been living there since.
His dedication and patience led him to start a business career in manufacturing and trade of electronics goods, toys, home appliances, etc. His company Hornington Enterprises Ltd in Hong Kong has risen to great heights making Balram Chainra holder of 70 million dollars net worth.
- Jiba Lamichhane
Writer and Businessman, Jiba Lamichhane is known to be of the wealthiest persons of Nepal. Born bred in Nepal, Jiba was previously the president of ICC of NRNA and is also one of the founding members of NRNA. He began his professional career in Russia as a dealer for multinational companies like Samsung, Sony, and LG.
Jiba’s massive net worth is known to be coming from his TV manufacturing company Techno Trust where he is the Managing Director. He has also worked in collaboration with one of the wealthiest Nepali- Dr. Upendra Mahato.
- Pashupati Shumsher Rana
People who have been keeping their eyes and ears in the politics of Nepal will be aware of Pashupati Shamsher Rana, who has been integrated into Rashtriya Prajatantra Party as its president recently. He was the Ministry of Foreign Affairs, Ministry of Finance, and Ministry of Water Resources in the Rana dynasty.
What most people aren’t aware of is that he is one of the wealthiest people in Nepal with stakes in many manufacturing firms. He was also the owner of Nepal Gas, which was later sold for about 85 crores.
- Rajendra Khetan
Khetan Group is a well-known group of companies leading to beverage manufacturing and trading. Rajendra Khetan is taking after his family’s business and is currently the executive director of The Khetan Group.
From Bottlers Nepal to Laxmi Bank, the Himalayan Snax and Noodles Pvt. Ltd. and other companies are under the Khetan Group, thus increasing Rajendra Khetan’s net worth day by day.
Some of the other notable Richest Nepalese are:
- Rajya Laxmi Golcha
On of the famous names of The Golcha Group, Rajya Laxmi Golcha is a CA member representing the CPN UM. She is the owner of manufacturing and trading businesses in the Morang District. She has, however, been in many controversies for corruption.
- Bikram Pandey
Bikram Pandey is known to be not just the Minister for Land Reform and Management; he is also the owner of the construction company, Kalika Group. His business expands in New York as well. Pandey and his company have been in controversy for corruption and money laundering.
- Ichhchha Raj Tamang
Tamang is known to have a massive net worth through the Civil Group of companies where he is the president. The group of companies owns Civil Bank, Civil housing, and other financial institutions.
- Birendra Mahato
Mahato is the brother of Dr. Upendra Mahato and is the chairperson of Machapuchrey Bank and has shares in different institutions and manufacturing industries. Also, he is the CA representative of the Sangiya Samajwadi Forum.
- Dr. Ramsaran Mahat
Dr. Mahat is known best for being the Finance Minister of Nepal for about seven times. He is also the leader of the Congress party. He has previously worked at World Bank and is also known to be one of the top players of the Share Market in Nepal.
- Gyanendra Bir Bikram Shah
While many may stay aloof about the Shah dynasty’s riches, it is evident that Gyanendra Bir Bikram Shah, who once ruled the kingdom of Nepal, has his hands on different enterprises and companies. He also has investments in real estate.