Wealth is not a fixed asset, particularly in today’s ever-changing industry landscape.
Even amid the country’s challenging economic conditions, many Nepalis have amassed billions through their dedication and skill.
Nepal has given rise to numerous billionaires and millionaires who now hold prominent spots among the world’s wealthiest individuals.
Here is the list of 15 richest Nepalis in the world right now:
Top 15 Wealthiest Nepalese Around the Globe
Despite Nepal’s economic challenges, several Nepalese have risen to global prominence by amassing substantial wealth through their dedication and entrepreneurial prowess.
The 15 Wealthiest Nepalese Worldwide
In a world where wealth can fluctuate rapidly, these individuals have consistently maintained their financial standing, building significant fortunes through hard work and ingenuity.
Even amidst Nepal’s economic difficulties, some Nepalese have managed to establish themselves as some of the richest people globally. Here’s a look at the 15 wealthiest Nepalese today:
1. Binod Chaudhary
Net Worth: USD 1.7 billion
Summary: Binod Chaudhary is Nepal’s wealthiest individual and the first Nepali to appear on Forbes’ billionaire list. His journey began at 19 with a nightclub in Kathmandu, and today he heads the Chaudhary Group, a multinational conglomerate with interests in sectors like consumer goods, hospitality, and real estate. His Wai Wai noodles brand is a staple in households across many countries.
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2. Shesh Ghale
Net Worth: USD 1.18 billion
Summary: A prominent figure in the Nepali diaspora, Shesh Ghale is the co-founder and CEO of Melbourne Institute of Technology in Australia. He previously served as the president of the Non-Resident Nepali Association and is well-known for his philanthropic efforts, particularly following the 2015 Nepal earthquake.
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3. Jamuna Gurung
Net Worth: USD 260 million
Summary: Jamuna Gurung, a leading businesswoman, co-founded and serves as the Executive Director of Melbourne Institute of Technology. As one of the wealthiest women in Australia, she is recognized for her contributions to both business and philanthropy.
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4. Upendra Mahato
Net Worth: USD 250-900 million
Summary: Based in Moscow, Upendra Mahato has accumulated his wealth through various ventures, including electronics, oil and gas, and real estate. He has also significantly contributed to the Nepali community as a former President of the NRNA’s International Coordination Council.
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5. Ajay Sumargi
Net Worth: USD 200 million
Summary: Ajay Sumargi is the Chairman of Muktishree Group of Companies and a significant figure in Nepal’s telecommunications industry as the Executive Director of Nepal Satellite Telecom. He is also a founding member of Ncell, one of Nepal’s leading telecom companies.
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6. Aditya Jha
Net Worth: USD 100 million
Summary: Originally from Janakpur, Nepal, and now based in Canada, Aditya Jha is an entrepreneur and philanthropist. He owns several businesses, including a leading confectionery manufacturer in Canada, and has made substantial philanthropic contributions to education in Nepal.
7. Jiba Lamichhane
Net Worth: USD 100 million
Summary: Jiba Lamichhane, a businessman and author, serves as the Managing Director of Techno Trust, a company that manufactures electronic goods in Russia. He is a former president of the NRNA’s International Coordination Council and has been honored with the Prawal Janasewshree Award for his contributions to Nepal.
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8. Balram Chainrai
Net Worth: USD 70 million
Summary: Based in Hong Kong, Balram Chainrai is the founder of the Chainrai Group of Companies, with diverse interests in electronics, finance, and real estate. He is also active in philanthropy and has held leadership roles in various organizations.
9. Rajendra Kumar Khetan
Net Worth: USD 150-500 million
Summary: Rajendra Kumar Khetan is an industrialist with a wide-ranging portfolio that includes sectors like consumer goods, insurance, and telecommunications. He continues to lead a 170-year-old family business and has gained recognition for his business expertise and contributions to Nepal.
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10. Gyanendra Shah
Net Worth: USD 58 million
Summary: The former king of Nepal, Gyanendra Shah, has maintained a significant personal fortune despite losing his throne in 2008. His investments include stakes in several major businesses across Nepal.
Other Notable Wealthy Nepalese:
- Rajya Laxmi Golcha
- Position: Director of Hulas Wire Industries Ltd, Constituent Assembly Member
- Bikram Pandey
- Position: Former Land Reform Minister, Owner of Kalika Group
- Ichhchha Raj Tamang
- Position: Chairman of Nepal Land and Housing Developers Association
- Birendra Mahato
- Position: Former CA Member, Director of Machhapuchchhre Bank
- Dr. Ram Saran Mahat
- Position: Former Finance Minister
These individuals exemplify the heights of success achievable through perseverance and innovation, making their mark not only in Nepal but also on the global stage.