Business

Top 10 Richest People in Nepal and Their Net Worth

Every day is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each. –Christopher Rice

The difference is, some people use this currency wisely and some don’t. Those who do become great meanwhile those who don’t are stuck grinding their life away. These are also some of the `people around us as well.

Now taking this and putting it in the context of Nepal, do you know who the richest People in Nepal are?

1. Binod Chaudhary

Age: 66
Net Worth: $1.7 Billion
Known for: CG

We all know who he is. He is the owner of CG and the one behind the popular noodle brand Wai Wai. But did you know that Wai Wai is not a Nepali Brand? It is a Thai brand whose distributing license was purchased by CG in 1895.

Along with Wai Wai CG has invested in a wide range of produces from Hospitality, Construction to Electronics. Heck, it has even ventured into the networking market as of late with the introduction of CG Net.

With all he has invested so far, it is no wonder why he is at the top of this list of richest people in Nepal.

2. Shesh Ghale

Age: 57
Net Worth: $ 1.18 Billion
Known for: Melbourne Institute of Technology (MIT)

If there is anyone who got a chance to study at MIT of Australia, it is all because of this guy. He is the founder and CEO Of MIT in Australia which is one of the most prestigious Institutes there. He was named as the 79th on the list of richest people in Australia back in 2019.

That being said, he is not all about Australia nor is he all about earnings. Despite being miles away, he still contributed a lot during the 2015 earthquake of Nepal.

3. Jamuna Gurung

Age: N/A
Net worth: $1.18 billion
Known for: Melbourne Institute of Technology (MIT)

What would happen if you collaborate with the love of your life and start a University that rises to become one of the best? The answer is simple, both of you will contribute a lot to the and at the same time gain a good amount of wealth. She is the better half of Shesh Ghale and one of the CO-founders and CEO of MIT. Along with her husband, she became one of the richest people in Nepal as well and along with this, she is currently the 8th richest woman in Australia and the richest woman in Nepal.

4. Upendra Mahato

Age: 61
Net Worth: $250 Million
Known for: Presidency of UCC (Internal Coordination Council) of NRNA

Although he is best known for this presidency of UCC that is not what he does right now. Currently, he is the president of the Russia-Nepal Chamber of Commerce and Industry which is a well-respected organization even in Russia.

Along with this, he is also the Honorary Consul General of Nepal in the republic of Belarius and has his group of Industries called Mahato Group of Industries which invests in sectors like Health care, Infrastructure Development, and Hydropower.

5. Ajay Sumargi

Age: 57
Net Worth: $200 Million
Known for: Ncell

Yes, he is the man behind one of the top cell services in Nepal Ncell. But as a lot of you probably know Ncell was not the giant it is today. Back then it was dominated by NTC but slowly he made that small company big enough to compete with a governmental cell service provider.

Now along with being the founding member of Ncell, he is also the chairman of Muktishree Group of Companies and has invested 23 Billion NRs for the development of Nepali satellite telecommunication as well.

6. Aditya Jha

Age: N/A
Net Worth: $100 Million
Known for: OSELLUS Inc

If you don’t know what OSELLUS is don’t worry as you will not be the only one. It is a mobile appl development company with its main base in Singapore. A lot of you probably have used apps developed in his company without even realizing it.

Aditya Jha is the president of this company and along with this, he has invested in many other businesses including but not limited to Cadbury. He recently acquired Dg Market International Inc from Development Gateway which is one of the largest portals for tenders and consulting opportunities making him a rightful place holder in this list of Richest People of Nepal.

7. Jiba Lamichhane

Age: 54
Net Worth: $100 Million
Known for: Presidency of International Coordination Council.

Mostly known for his presidency of ICC of NRNA he is a well-known figure in Philanthropy in Nepal. Being the founder and former president of ICC, he has amassed a lof wealth over his lifetime.

Along with this, he has also received the “Prawal Jansewshree Award” which is one of the highest honors in Nepal. Let’s not forget his travel Memoir “Saraswati Sansar” while we are at it as well.

8. Rajendra Kumar Khetan

Age: 50
Net Worth: $150 Million
Known for: Khetan Group

He is largely known for his Khetan Group which produces owns Gorkha Brewery. If you didn’t know what Gorkha Brewery is, it is the factory that manufactures Tuborg Beer. Along with this company has also ventured into other sectors like banking and financing, telecommuting, IT, and energy as well.

Besides this, he is also the Senate Member of Kathmandu University, Honorary Consul of Portugal, and President of Nepal Britan Chambers of Commerce.

With so much under his belt, he has amassed a mass of wealth giving him the 8th position in the richest people of Nepal.

9. Balram Chainrai

Age: 62
Net worth: $ 70 Million
Known for Chainrai Group Of Companies

He is the founder of Chainarai Group of Companies which is involved in manufacturing electronic goods. Home appliances and toys along with distributing computer-related accessories. Along with this, he is also involved in the trade as well.

That combined with his wide operation which has spread to counties in Asia, the Middle East, Ukraine, Europe, and Russia as well as give him a wide source of income – making him the 9th richest person in Nepal.

10. Gyanendra Shah

Age: 74
Net Worth: $58 Million
Known for: Reign in Nepal

We all know who he is – the former king of Nepal. But while he is no longer the king he still retains the business he acquired before he became the king. You see while he did invest a long while he was a king, all of them were slater distributed into the public.

But even without that, he still has a 40% stake in the Soaltee Hotel, Over half of the toral stakes in Himalayan Goodricke, and around 29% stake in Surya Nepal.

Along with this he las also invested in tea plantations, Power corporations, Mills, and many more. So while he may not have the authority of a king, he still has riches enough to be among the top 10 richest people of Nepal.

Finally,

With this, we have come to the end of our list of the top 10 richest people in Nepal. While some of them did have a head start some didn’t and it is through trials and tribulations that these have managed to amass wealth.

It is a good idea to take a leaf out of their book and take it as an inspiration to gain insight into the things we should do to amass wealth like them as well.

Hope that this was helpful for you. If you have any suggestions for us, do let us known them down in the comments below. And as always, thank you for reading till the end.