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Shesh Ghale, an Australian businessman of Nepalese origin, ascended 51 positions to occupy the 99th place in the BRW Rich 200 List 2015.
He and his wife, Jamuna Gurung, gained a whopping $193 million since their ranking last year when they occupied 150 and 151 positions respectively. This year, the couple are worth $528 million against $335 million last year – a quantum leap for people who arrived in Australia as international students relatively recently, in the early 1990s.
Shesh Ghale
Devikumari Ghale, mother of entrepreneur Shesh Ghale. Courtesy Annapurna Post
Shesh Ghale
Devikumari Ghale, mother of entrepreneur Shesh Ghale. Courtesy Annapurna Post
They own Melbourne Institute of Technology (mit.edu.au) where Mr Ghale is the CEO while Mrs Gurung heads the business and marketing of the private education company. The couple also own elite commercial properties in Melbourne CBD including of course the historic Argus Building, bought in 2010 for $10 million but renovated for $50 million. According to BRW, the couple plan to build a 200-room boutique hotel, 500 apartments and retail space overlooking the Flagstaff Gardens.
Should the steady rise of Mr Ghale and his better half continue at the current rate, it will not be many years before Nepalese people will have their second billionaire, the first ever being noodle-king Binod Chaudhary.
Nepal earthquake
NRNA’s president Shesh Ghale and his wife Jamuna Gurung while supervising earthquake relief operations.
Nepal earthquake
NRNA’s president Shesh Ghale and his wife Jamuna Gurung while supervising earthquake relief operations.
However, this empire means nothing for the humble mother of the education tycoon who, Annapurna Post said, still lives right where Shesh Ghale was born and raised and attended the local school up to the fifth standard. The 86 year old Devikumari Ghale apparently could not leave because of her love for Nayu, an idyllic village some four hours from the headquarters of Lamjung district.
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