Racheal
As Nepal’s economy continues to expand steadily, the fortune of its business magnates has reached new heights. In 2024, the fortunes of some of Nepal’s most influential individuals increase dramatically.
Not only have the top ten richest men in Nepal in 2024 accumulated immense wealth, but they have also made significant contributions to the country’s economic growth. In addition to their philanthropic efforts, their business ventures in various industries have propelled Nepal’s development story to new heights. As the nation’s economy continues to grow, these influential figures will continue to influence the future of business and commerce in Nepal.
List Of Top 10 Richest Men In Nepal 2024
1. Binod Chaudhary -$1.8 Billion
Binod Chaudhary is the first Nepalese businessman to enter the Forbes billionaire list, with a net worth of $1.8 billion. He began his entrepreneurial career with the Copper Floor nightclub in Kathmandu. Now, Binod controls Chaudhary Group, the largest company in Nepal.
Now a multinational conglomerate, Chaudhary Group provides consumer products, education, hospitality services, financial services, biotechnology, electronics, real estate, and alternative medicine. He manages over 80 businesses in 19 nations.
2. Shesh Ghale -$1.18 Billion
Shesh Ghale is the second richest person in Nepal, with a net worth of USD 1.18 billion. Ghale riches arise from his venture at the Melbourne Institute of Technology in Australia.
Gale was the former President of the Non-resident Nepalese Association and is currently the CEO and Co-founder of Melbourne Institute of Technology, Australia. Gale is also known mainly for his contributions in the 2015 Earthquake in Nepal. He is the 78th richest Person in Australia.
3. Jamuna Gurung -$260 Million
Jamuna Gurung ranks first among Nepal’s wealthiest individuals. With a net worth of 260 million US dollars.
She is the current Managing Director of the Melbourne Institute of Technology, Australia, which she co-founded with her second billionaire spouse Shesh Ghale. She is the eighth wealthiest woman in Australia.
4. Upendra Mahato -$250 Million
Former president of Non-Resident Nepalese Resident, International Coordination Council (ICC). He is the president of the Russia-Nepal Chamber of Commerce and Industry at the present time. Additionally, he serves as Honorary Consul General of Nepal in the Republic of Belarus.
His wealth increased as a result of his work in multinational business and the Russian television factory he founded. In addition to investing in electronics, oil and gas, real estate, heavy machinery, financial services, and Ncell-Axiata of Nepal, he has also made investments in electronics, oil and gas, real estate, heavy machinery, and financial services.
5. Ajay Sumagri -$200 Million
Ajay Sumagri is the fifth wealthiest individual in Nepal, with a personal worth of $200 million. He serves as the head of the Muktishree Group of Companies.
Ajay is also the Executive Director of Nepal Satellite Telecom Pvt. Ltd. and a founding member of the telecommunications behemoth Ncell Pvt. Ltd.
6. Adhitya Jha -$100 Million
He is an entrepreneur, philanthropist, and social activist based in Canada. Adhitya Jha is the CEO and President of his Toronto and Bangkok-based software company, Osellus Inc. Jha is also the proprietor of one of Canada’s largest confectionery manufacturers, Karma Candy.
Adhitya Jha has expanded his portfolio by acquiring dgMarket International Inc., one of the earliest and largest tenders and consulting opportunity portals in the world. In Nepal and India, he has been involved in numerous other initiatives and philanthropic activities.
7. Jiba Lamichhane -$100 Million
Businessman and author Jiba Lamichhane is currently the Managing Director of Techno Trust, the manufacturer of Elson Brand LCD televisions in Moscow, Russia.
Jiba is the former President of NRNA’s ICC and one of the organization’s creators. He is also well-known for his charitable work. Jiba was awarded the “Prawal Janasewshree Award,” one of the highest honours in Nepal, for his service to Nepal and the Nepali diaspora.
8. Pashupati Shamsher Jang Bahadur Rana -$82 Million
He was once considered to be wealthier than the monarch of Nepal. He stated that his wife was once the daughter of the monarch of Rajasthan and received a dowry.
Unbeknownst to most, he is one of the wealthiest individuals in Nepal and has stakes in numerous manufacturing companies. In addition, he owned Nepal Gas, which was later sold for approximately 85 corers.
9. Balram Chainrai -$70 Million
Chainrai is a prominent Hong Kong businessman and proprietor of the Chainrai Group of Companies. Additionally, he is the CEO of Hornington Enterprises Limited.
In addition to being a philanthropist, he is involved in numerous charitable activities worldwide. Balram is a member of Rotary International as well as a number of other charitable organisations.
10. Rajendra Kumar Khetan -$62 Million
Due to his involvement in numerous industries, including mining, consumer commodities such as beverages and foodstuffs, insurance, banking/financial services, telecommunications, information technology, real estate, and energy, he is considered a successful industrialist.
Additionally, he is a recipient of honorific orders. He is a member of the Kathmandu University Senate, the Honorary Consul of Portugal, and the President of the Nepal Britain Chambers of Commerce and Industry and Alliance Francaise in Kathmandu. Khetan’s identities included Vice President of FNCCI and Chairman of Laxmi Bank, among 12 others.
