Top 10 Richest People of Nepal Based on Forbes

Last updated on 2024-04-17

Wealth does not remain constant, especially in today's volatile industry climate. Despite the country's dire economic circumstances, numerous Nepalis have amassed fortunes worth billions of dollars via their hard work and creativity. Nepal has produced some billionaires and millionaires who now hold prominent positions on the list of the world's wealthiest people. Below mentioned are the top 10 richest people of Nepal based on Forbes:

*The data is ranked on the research of The Everest List.

10. Rajendra Kumar Khetan

Image Source: Spotlight Magazine

Rajendra Kumar Khetan, born in Kathmandu, is a prominent industrialist with interests in mining, consumer goods such as beverages and foodstuffs, insurance, banking/financial services, telecommunications, information technology, real estate, and energy. Khetan, the eldest son of late entrepreneur Mohan Gopal Khetan, is now a part-owner of a 170-year-old family-owned business that split with the Khetan Group. He has also received honorific orders. Honorary Consul of Portugal, President of Nepal Britain Chambers of Commerce and Industry, and Alliance Française Kathmandu. Among the other 12 identities, he was Vice President of FNCCI and Chairman of Laxmi Bank. With a net worth of around USD 150-500 million, Rajendra bagged a prominent position in the list of richest Nepalese. Khetan Group is a well-known group of companies leading to beverage manufacturing and trading.

Net Worth : $62 Million
Known For : Khetan Group
Age : 50 Years

9. Balram Chainrai

Image Source: VC Circle

Balram Chainrai, popularly known as Balu, is a prominent Hong Kong businessman and the founder of the Chainrai Group of Companies. He is also the Chief Executive Officer of Hornington Enterprises Limited. Hornington, Balram's core company, manufactures electronic items, home appliances, toys, distributes computers and related equipment, and engages in trade finance activities. He is also a philanthropist who participates in numerous philanthropic efforts around the world. In 2001, he was elected Vice-Chairman of the Indian Chamber of Commerce of Hong Kong, and in 2007, he was elected President of the Chamber. With a net worth of $70 million, he is Nepal's ninth richest person.

Net Worth : $70 Million
Known For : Chainrai Group of Companies
Age : 62 Years

8. Pashupati Shamsher Jang Bahadur Rana

Image Source: My Republica

Pashupati Shamsher Jang Bahadur Rana is a Rana dynasty politician. He worked in the Ministries of Foreign Affairs, Finance, Water Resources and Communication, and Water Resources after the Panchayat era. Pashupati Shamsher Jang Bahadur Rana, with a net worth of USD 82 million, is Nepal's eighth richest person. He was once thought to be wealthier than Nepal's king. He said that his wife was the daughter of Rajasthan's king and received a dowry in the past. Most people are unaware that he is one of Nepal's wealthiest persons, with investments in numerous manufacturing enterprises. In addition, he was the owner of Nepal Gas, which was eventually sold for a profit of 85 corers.

Net Worth : $82 Million
Known For : Politician From the Rana Dynasty
Age : 81 Years

7. Jiba Lamichhane

Image Source: Jiba Lamichhane Entrepreneur

Jiba Lamichhane, a businessman and writer, is one of Nepal's richest people, with an estimated net worth of USD 100 million. Jiba is currently the Managing Director of Techno Trust, a Moscow-based manufacturer of Elson Brand LCD TVs. Lamichhane is a former President of the NRNA ICC and one of the organization's founders. He is also well-known for his charitable work. Jiba's enormous net worth is attributed to his TV manufacturing company, Techno Trust, of which he is the Managing Director. He has also collaborated with one of Nepal's wealthiest individuals, Dr. Upendra Mahato.

Net Worth : $100 Million
Known For : Presidency of International Coordination Council
Age : 54 Years

6. Aditya Jha

Image Source: POA Educational Foundation

Aditya Jha is the CEO and president of OSELLUS, a mobile app development company situated in Singapore, and he has also invested in a number of other businesses, including but not limited to Cadbury. Aditya Jha is well-known in Nepal for his charitable activity. He contributed to Nepal's digital literacy effort by giving over 100 laptop computers to poor village schools. He has contributed to the Nepal Library Foundation's efforts to create libraries in outlying locations. He just bought Dg Market International Inc from Development Gateway, one of the major platforms for tenders and consultancy opportunities, making him a deserving member of the list of Nepal's Wealthiest People.

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

5. Ajay Sumargi

Image Source: Spotlight News Magazine

With a net worth of USD 200 million, Ajay Sumargi, Chairman of the Muktishree Group of Companies, is Nepal's richest man. He is the Chief Executive Officer of Nepal Satellite Telecom Pvt. Ltd. Ajay is also a founder of the telecommunications behemoth Ncell Pvt. Ltd. (formerly Spice Nepal Pvt. Ltd.). In Nepal, he has engaged in a variety of economic and commercial enterprises, including Muktishree Hydropower, Himalayas Spring Water, Hetauda Academy, and the National College of Higher Education (NCHE). Because of his dynamism and leadership abilities, this business star has captured the hearts of many management experts.

Net Worth : $200 Million
Known For : Ncell
Age : 57 Years

4. Upendra Mahato

Image Source: Next Growth Conclave

Upendra Mahato is a Nepalese businessman and the third richest Nepali. He currently resides in Moscow, Russia. He was previously the head of the International Coordination Council of Non-Resident Nepalese Residents (NRNA) (ICC). He presently serves as the president of the Russia-Nepal Chamber of Commerce and Industry. In addition, Mahato serves as Nepal's honorary consul general in the Republic of Belarus. Mahato's net worth is believed to range between $250 million to $900 million. He has also made investments in real estate, heavy machinery, banking organizations, and Nepal's Ncell-Axiata. Aside from his prosperous economic standing, Mahato is one of the few Nepalese with a Doctor of Science degree.

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

3. Jamuna Gurung

Image Source: Online Khabar

What if you teamed up with the love of your life to create a university that would rise to become one of the best? The solution is simple: you will both contribute significantly while also benefiting financially. She is Shesh Ghale's better half and one of the co-founders and CEOs of MIT. Jamuna Gurung, who was born in Nepal and educated in Australia, is the country's richest woman. She is Australia's eighth richest woman, with a net worth of USD 260 million. She is the Executive Director and Managing Director of the Melbourne Institute of Technology (MIT).

Net Worth : $260 Million
Known For : Melbourn Institutude of Technology (MIT)
Age : N/A

2. Shesh Ghale

Image Source: My Republica

Shesh Ghale is Nepal's second richest individual, with a net worth of USD 1.18 billion. Gale is the former President of the Non-resident Nepalese Association (NRNA) and the current CEO and Co-Founder of Melbourne Institute of Technology (MIT) in Australia. Gale, who is 57 years old, is the first billionaire in the global Nepali diaspora and the second billionaire of Nepali ancestry. Gale is well-known for his charitable efforts during the 2015 earthquake in Nepal.

Net Worth : $1.18 Billion
Known For : Melbourn Institutude of Technology (MIT)
Age : 57 Years

1. Binod Chaudhary

Image Source: Business Standard

Binod Chaudhary, the richest Nepali in the world, is the Himalayan country's first businessman to make the Forbes billionaire list, with a net worth of USD 1.5 billion. He began his entrepreneurial experience at the age of 19 with the opening of a nightclub in Kathmandu named Copper Floor. Binod now owns the Chaudhary Group, Nepal's largest and most trusted brand. He oversees over 80 enterprises with entrepreneurial initiatives in 19 countries. However, CG is likely most recognized for its brand of the most famous Wai Wai noodles, which has a presence in various major nations. CG produces around one billion noodles packets every year, 95 percent of which are the brand product Wai Wai 1-2-3 Chicken Noodles.

Net Worth : $1.5 Billion
Known For : CG
Age : 66 Years