Top 10 richest people (Nepali Entrepreneurs) of Nepal

Nepali Businessmen are all over the world and they are growing in number. Nepal is one of the least developed countries around the globe. However, there are some of the richest people who have made their fortune by doing business in Nepal. Let us discuss some of the millionaire and billionaire businessperson of Nepal and their total worth.

Binod Chaudhary

Binod Chaudhary, Chairman of Nepal’s Largest and trusted brand Chaudhary Group, 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.  And his company Chaudhary group has 80 and more companies running in and outside the nation.

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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. So 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

Entrepreneur giant Shesh Ghale, with the net worth of 1.18 billion dollars, is the only second richest person of Nepalese ethnicity. Shesh Ghale has his investment of business in Education and real state. His wealth arises from his venture at the Melbourne Institute of Technology (MIT) in Australia. He 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. He currently resides in Melbourne Australia. He was born in Lamjung Nepal and completed his Engineering from Russia.

His total net worth is nearly around 647 Million dollars. In the year 2016, he was enlisted in Australia’s 99th richest person. This self-made billionaire surpasses Binod Chaudhary since Dr. Ghale is considered as the first Nepalese billionaire in the global scenario. Dr. Ghale is a boon to all Nepalese around the World. Ghale is also known mainly for his contributions in the 2015 massive Earthquake in Nepal.

Upendra Mahato

Upendra Mahato, who presently resides in Moscow, Russia, is a Nepalese Businessman who is the third richest Nepali. He entered the business sector in Russia after completing his Ph.D. from Moscow.

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He was previously the president of Non-Resident Nepalese Resident (NRNA), International Coordination Council (ICC). Upendra Mahato 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 oil, manufacturing, electronics, real estate, heavy machinery, financial institutions, banking 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.

Ajay Sumargi

Ajeya Sumargi, a businessman from Hetauda, Nepal is a well-known name among a group of companies. The Chairman of Muktishree Group of Companies and founding member of telecommunication giant Ncell holds a net worth of 200 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 investments include in Muktishree Hydropower, Himalayas Spring Water, and more. At present, Sumargi is the executive director of Nepal Satellite Telecom Pvt. Ltd.

Furthermore, Ajay Sumargi, known to be a corporate icon has won the hearts of many management professionals for his dynamism and leadership skills. His success stories will motivate different young people who want to be successful and want to be an entrepreneur. However, he has also landed in some controversy over money laundering.

Aditya Jha

Aditya Jha, a globetrotter Canadian Entrepreneur, is one of the richest persons in Nepal. Jha, who was born in Janakpur, Nepal, to an Indian Family, 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.

Jiba Lamichhane

Writer and Businessman, Jiba Lamichhane is known as the wealthiest person 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. His main business is Elson TV in the Russian market.

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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. His estimated total Net worth is around 92 Million Dollars.

Balram Chainrai

Born in Okhaldhunga, Nepal, Balaram Chainrai entered his father’s business in his early life. His father was a top businessman in Hong Kong. He is a self-made multimillionaire who gained his affluence by laying his hands on real estate and electronics. He migrated to Hong Kong with his family while his father was a British Army and had been living there since.

Moreover, 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 Chainrai holder of 70 million dollars net worth.

Pashupati Shamsher Jang Bahadur Rana

People who have been keeping their eyes and ears in the politics of Nepal will be aware of Pashupati Rana. And 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.

Once he was considered richer than the king of Nepal.  He said, his wife was the daughter of the king of Rajasthan and got a dowry in the old days.

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What most people aren’t aware of is that he is one of the wealthiest people in Nepal with stakes in many manufacturing firms.  And he was also the owner of Nepal Gas, which was later sold for about 85 corers. He has an estimated net worth of 1.2 Billion dollars.

Rajendra Khetan

Rajendra Khetan is in the Nepalese industry for more than a decade. Khetan Group is a well-known group of companies leading to beverage manufacturing and trading. Rajendra Khetan, also known as the youngest richest person in Nepal is taking after his family’s business and is currently the executive director of The Khetan Group.

From Bottlers Nepal to Director of Laxmi Bank and Prime Life Insurance, 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. His total net worth is 62 Million dollars.

Gyanendra Shah

Gyanendra Bir Bikram Shah Dev was the former king of Nepal and ruled from 2001-2008. After the royal massacre of King Birendra Bir Bikram Shah Dev, his younger brother Gyanendra took the oath to be the king of Nepal. Later, due to the multi-party democracy, he was ruled out as the king of Nepal.

While many may stay aloof about the Shah dynasty’s riches, it is evident that Gyanendra Bir Bikram Shah Dev, who once ruled the kingdom of Nepal, has his hands on different enterprises and companies. So he also has investments in real estate and his total net worth is 58 Million Dollar.