Even though Nepal is a developing country, and most of the Nepalese aren’t rich, there is number of billionaires and millionaires in Nepal. To let everyone know, who are the top 10 richest Nepalese among these rich Nepalese, we have made this list.
Nepal is still a developing country with a lot of problems still existing here. One of these problems is the employment opportunity problem and that’s why many Nepal have to go abroad either to study further or for employment. Even people going abroad for further higher studies, many of them want to settle there for a better life than they would have in Nepal.
It’s because still many of the Nepalese think there is no proper opportunity in our country Nepal. So we can’t do anything here and in the evening we do, we can’t get success here. In a sense, we all have become opportunists and we always run for an opportunity.
Top 10 Richest Nepalese Personalities
Let’s begin the list of the top richest persons in Nepal. This list contains the names of the Nepalese who are living in either Nepal or abroad. But all the names in this list are Nepal-based personalities and hold Nepalese citizenship.
1. Binod Chaudhary
The chairman and the president of the most valuable brand of Nepal Chaudhary Group(CG); Mr. Binod Chaudhary is the richest person in Nepal having a net worth of more than US 1 Billion Dollars. According to the reports of 2019, his net worth is about 1.4 Billion Dollars that makes him the richest person in Nepal.
Mr. Binod Chaudhary is the first Nepalese ever to get the title of Billionaire. In 2013, Forbes listed him as the first Nepal-based Billionaire. Besides being a billionaire businessman, he is also a politician, writer, and philanthropist. He is also well known for his charity works.
Source Of Income
- His main source of income is his multi-national company Chaudhary Group. The business of this company includes financial services, consumer goods, education, hospitality, electronics, real estate, biotech, and so on. CG owns about 136 companies of 15 different businesses through five continents of the world.
- He owns Nepal’s first multinational bank Nabil Bank.
- He also owns a company called Cinnnovation Group in Singapore.
2. Shesh Ghale
Though Shesh Ghale doesn’t live much in Nepal, he is still on this list because of being Nepalese. He is a Nepali-based Australian Businessman. Mr. Ghale is the CEO of MIT(Melbourne Institute Of Technology). MIT was co-founded by him with his wife Jamuna Gurung. He is also the formal president of the Non-Resident Nepali Association(NRNA).
MIT offers academy programs like Business, Management, Accounting, Information Technology, Marketing, Computer Networking, Engineering, and other academic programs through post-graduate degrees.
Mr. Ghale is a good example of all the Nepalese who go abroad to study and settle there. He also went to Australia for his higher education, but with his hard work and passion, today he is not only the richest person in Nepal but also one of the richest persons in Australia. He is the second billionaire of Nepal after Binod Chaudhary. The net worth of Mr. Ghale is more than 1.18 Billion U.S. Dollars.
He is well known for his philanthropist works and social works also.
Source Of Income
- His main source of income is the Melbourne Institute Of Technology.
3. Dr. Upendra Mahato
Dr. Upendra Mahato is a very good example of “Hardwork Always Pays”. From being a son of a simple farmer in Terai to one of the richest persons in Nepal, he has come a long way and has set an example for all Nepalese.
He is an industrialist and a businessman living mostly living in Russia where he is also the president of the Russia-Nepal Chamber Of Commerce And Industry. He is also a formal president of NRNA. He is one of those few Nepali who hold a Doctor Of Science degree.
His net worth is more than 500 Million U.S. Dollars.
Source Of His Income
- He has invested in various sectors in the countries of Asia, Africa, and Europe.
- He has a business in Russia that deals with electronics, oil, construction, banking, and machinery.
- He holds 20% shares in Nepal’s leading telecommunication company Ncell. He is the one who had brought MERO MOBILE, the previous name of Ncell to Nepal.
- In 2016, he brought India’s famous Ayurveda Company Patanjali to Nepal, and since then Patanjali Ayurvedic Udyog Pvt. Ltd. is in a joint venture with him and Patanjali Yogpeeth.
4. Ajeya Sumargi
Mr. Ajeya Sumargi is a business tycoon, entrepreneur, and one of the richest persons in Nepal. He is the chairman of the Muktishree Group Of Companies that runs several businesses.
He is also the executive director of the Nepal Satelite Telecom Pvt. Ltd. which is also known as Hello Nepal. The Hello Nepal is a GSM-based European cellular service provider company.
His net worth is expected at around 200-250 Million U.S. Dollars.
Source Of Income
- He has invested in dozens of business and commercial projects in Nepal.
- His business includes MuktiShree Telecom, a telecommunications company, Muktishree Hydro, a hydropower company, Himalayas Spring Water, Hetauda Academy, and the National College for Higher Education (NCHE), a higher secondary school and a college in Baluwatar, Kathmandu.
- He has Muktishree Energy Pvt. Ltd. for the energy sector, Muktishree Cement Industries Pvt. Ltd. for the Cement sector, and Muktishree Telecom Pvt. Ltd. for the Telecom sector.
5. Aditya Jha
Born in a middle-class Maithali Brahmin family in Janakpur, Nepal, Mr. Aditya Jha is a Nepal-origin Canadian businessman, entrepreneur, philanthropist, and social worker.
He has all of his business in Canada and by living there, he operates all of his business. He has a software company called Isopia Inclusive and another software company called Onlus Inclusive.
Besides business, he is also well known for social activity especially in the field of education. Till now, he has helped so many schools in Nepal and has helped in the opening of the various libraries in Nepal.
His net worth is expected more than 150 Million U.S. Dollars.
Source Of His Income
- His main source of income is his software companies.
6. Jiba Lamichhane
Jiba Lamichhane is a Nepali businessman and entrepreneur born on February 13, 1967, in the Chitwan District. He is one of the founding members of the Non-Resident Nepali Association.
Professionally, he is an engineer, but passionately, he is a successful businessman, writer, and social worker.
Most of his business is operated in Russia. His net worth is about 100 Million U.S. Dollars.
Source Of His Income
- Has an electronic business in Moscow and also a grocery store.
- He has a company that is an official seller of Soni, Pansonic, Nikon, Canon, and other electric products in Russia.
- He also has invested in various sectors in Nepal.
- He is also an executive director of Kantipur Television Network and is involves with other groups of Sanima Group.
7. Balram Chainrai
Balram Chainrai is a Nepal-origin British businessman, philanthropist, and entrepreneur. He was born in Okhaldhunga of Nepal in October 1958. His father was a British Gorkha Army. While studying in Hong Kong, he started his business career there, and later very soon, he became one of the successful businessmen in Hong Kong.
His main company Horningston Enterprises Limited involves in the manufacturing and trading of electric goods, home appliances, toys, distribution of computer-related products, and trade finance activities.
His net worth is more than 70 Million U.S. Dollars.
Source Of Income
- His main source of income is Horningston Enterprises Limited.
- He has invested in other sectors also.
- He owns a football club named Portsmouth Football Club in English Premier League.
8. Pashupati Shamsher Jung Bahadur Rana
Pashupati Shamsher Jung Bahadur Rana is the richest politician alive in Nepal that also makes him one of the richest Nepali. He is a leader of the Rashtriya Prajatantra Party(RPP). Being from the family of the Rana Dynasty, he always had a great influence on the government.
He has been the Minister Of Foreign Affairs, Minister Of Finance, Minister Of Water Resources and Communication, Minister Of Tourism And Transport, and Minister Of Panchayat And Local Development during the term of King Birendra.
His net worth is more than 75 Million U.S. Dollars.
Source Of Income
- He has got this wealth from his forefathers.
- Besides this, it is said that when he was married to the princess in India, she had brought so much dowry that also added his wealth.
9. Rajendra Khetan
Rajendra Khetan is the name that involves The Khetan Group, one of the most popular companies in Nepal. Being the Executive Director of Khetan Group, Mr. Rajendra Khetan is a big business tycoon of Nepal with an intuitive business vision in every possible sector. He is deemed as a triumphant industrialist with his involvement in various industries ranging from snacks, noodles, beer, bank, finance and insurance, IT, and many more.
The Khetan Group is one of the most influential companies in Nepal that has also played a big role in the economic development of the country over the years. This is also the first private company in Nepal to start a private Bank with local names, and the bank is The Himalaya Bank. This is also the first company to start a private aviation service company with the name of Nepal Air Charter Service(NACS).
His net worth is more than 70 Million U.S. Dollars.
Source Of His Income
- The main source of his income is The Khetan Group.
- Has invested in various sectors of Nepal.
- He is the chairman of banks like Laxmi Bank and PrimeLife Insurance.
10. Gyanendra Bir Bikram Shah
The former King of Nepal Mr. Gyanendra Bir Bikram Shah is also one of the richest Nepali persons. Also being from the King family, he owns several properties and has inherited a lot of wealth from his family.
He stills runs several businesses throughout the country and it is also said that the formal king also has several shares and investments in foreign companies of different countries that make him still one of the richest persons in Nepal even he isn’t a king anymore.
The net worth of the former King is believed to have more than 60 Million Dollars or probably more than this.
Source Of His Income
- Has invested in several businesses in Nepal as well as in foreign.
- He has a stake of more than 40% in Soltee Hotel that worth about 100 Million Dollars.
- Owns more than 50% share in Himalayan Goodrickie, about 40% in Surya Nepal Tobacco.
- Besides these, he owns a stake in Annapurna Hotel too, Tea Plantation in Itahari, Jyoti Spinning Mill in Birgunj, Toyota, and Tata Distributorship, Bhotekoshi Power Corporation, an island in the Maldives, oil interest in Nigeria, and many more.
| Ranks | Name Of Richest Nepalese | Annual Net Worth(US Dollars) |
| 1 | Binod Chaudhary | 1.4 Billion |
| 2 | Shesh Ghale | 1.18 Billion |
| 3 | Dr. Upendra Mahato | 500 Million |
| 4 | Ajeya Sumargi | 200-250 Million |
| 5 | Aditya Jha | 150 Million |
| 6 | Jiba Lamichhane | 100 Million |
| 7 | Balram Chinrai | 70 Million |
| 8 | Pashupati Shamsher JBR | 75 Million |
| 9 | Rajendra Khetan | 70 Million |
| 10 | Gyanendra Bir Bikram Shah | 60 Million |
Conclusion
These are the top 10 richest Nepalese. There are no exact sources that tell the income of these personalities. Although, we have made this list on the basis of reports from Wikipedia and other news sources.
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