Shesh Ghale
Dr Shesh Ghale is an Australian businessman of Nepalese origin, billionaire and the former president of Non Resident Nepali Association (NRNA). Based in Melbourne, Victoria, Ghale is the CEO of Melbourne Institute of Technology (MIT), which he co-founded with his wife, Jamuna Gurung.
Dr Shesh Ghale | |
|---|---|
Dr Shesh Ghale, CEO, MIT Group | |
| Born | |
| Citizenship | Australian |
| Alma mater | |
| Occupation | Entrepreneur |
| Spouse | Jamuna Gurung |
Ghale and his wife, Gurung, are the third billionaires of Nepalese origin after Binod Chaudhary and Balkrishna.[1]
Biography
This section of a biography of a living person does not include any references or sources. (October 2019) |
Born in the western Nepal village of Lamjung, Ghale undertook his initial tertiary education in the former USSR (1979 to 1986) graduating with a Master of Civil Engineering degree from the Kharkiv National Automobile and Highway University. He undertook his studies on a Nepalese Government scholarship and, on returning to Nepal, worked as a highway project engineer for the Nepalese Government's transport department. Ghale relocated to Melbourne in 1990 to undertake further studies and to settle his family in Australia. He graduated from Victoria University in 1994 with a Master of Business Administration.
He is actively involved in Melbourne's business and commercial life and has a passionate commitment to education.
Ghale is the CEO and co-founder of the Melbourne Institute of Technology.
Net worth
Ghale and his wife, Gurung, are the first billionaires in the global Nepalese diaspora and the only third billionaire of Nepalese origin after Binod Chaudhary and Balkrishna.[1]
Ghale and Gurung first appeared on the BRW Rich 200 in 2009,[1] and jointly appeared on subsequent rich lists.[1][2][3][4][5] With a net worth of approximately A$1.18 billion in 2019, Ghale and Gurung were named by The Australian Financial Review Rich List as the 78th richest Australians.[6][7] They were previously ranked as the 81st-richest Australian by The Australian Financial Review in the 2018 Rich List.[8]
| Year | Financial Review Rich List | Forbes Australia's 50 Richest | ||
|---|---|---|---|---|
| Rank | Net worth (A$) [note 1] | Rank | Net worth (US$) | |
| 2014[2] | $335 million | |||
| 2015[2] | 99 | $528 million | ||
| 2016[2] | 105 | $586 million | ||
| 2017[1][9][10] | 101 | $647 million | ||
| 2018[8] | 81 | $876 million | ||
| 2019[6][7] | 78 | $1.18 billion | ||
| 2020[11] | 105 | $994 million | ||
| 2021[12] | 111 | $1.01 billion | ||
| Legend | |
|---|---|
| Icon | Description |
| Has not changed from the previous year | |
| Has increased from the previous year | |
| Has decreased from the previous year | |
- Note
- ^1 : Net worth held jointly with Jamuna Gurung.
Philanthropy
Ghale is known both for his philanthropic work, especially in the aftermath of the April and May 2015 earthquakes in Nepal, as well as for his rise from an international student to his listing on the list of Australian billionaires. Following the 2015 Nepal earthquakes, as the president of NRNA International Coordination Council (ICC), Ghale led a well-coordinated relief and reconstruction activities. As a result, he and his wife spent much of the following years leading the campaign by stationing themselves closer to the ground zero of the devastating earthquake.
Some of his key achievements included service as the Honorary Consul General of Nepal in Victoria (1997-2000); nominated for the 2013 Ernst and Young Australian Entrepreneur of the Year Award; elected president of the Non-Resident Nepali Association (NRNA) for an inaugural two-year term (2013–2015) and re-elected for a second two-year term (2015–2017); awarded Doctor of the University Honoris Causa in 2015 by the Federation University in recognition of Ghale's distinguished service and contribution to Australian Higher Education, and to urban preservation and development, and of course to the people of Nepal; appointed "Special Envoy for Nepal Earthquake Reconstruction and Development" by the Government of Nepal in 2015; and in the same year appointed "Goodwill Ambassador for 2015-17" in the Male Leaders in the campaign against Domestic Violence by the Nepalese Ministry of Children, Women and Social Services.
In 2015, Ghale and Gurung co-founded the MIT Group Foundation to help under-privileged and vulnerable communities of Nepal through education and health. They have donated NPR रू1 billion to the Foundation.[13][citation needed][14][15][16][17]
References
- ^ a b c d e "Shesh and Jamuna Ghale merely $353 million shy of joining billionaires club but the philanthropic couple is in no hurry". Southasia. 27 May 2017. Retrieved 29 November 2017.
- ^ a b c d Khatry, Ram (27 May 2016). "Worth over half a billion dollars, gentle Ghales become 105th richest in Australia". Southasia. Retrieved 1 September 2017.
- ^ "Shesh Ghale buys Melbourne's 'best' corner". The Sydney Morning Herald. 2 June 2017. Retrieved 29 November 2017.
- ^ "Shesh Ghale ready for mountain of work on Melbourne hotel". The Australian. Retrieved 29 November 2017.
- ^ "MIT gets approval for twin-tower apartment and hotel complex over market and gardens". The Sydney Morning Herald. 17 June 2015. Retrieved 29 November 2017.
- ^ a b Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
- ^ a b "Shesh Ghale & Jamuna Gurung: Nepalese Australians have just gotten billionaires among them". Southasia. 30 March 2019.
- ^ a b Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Retrieved 26 May 2018.
- ^ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". The Australian Financial Review. Retrieved 8 June 2017.
- ^ Mayne, Stephen (26 May 2017). "Mayne's take: The top 25 Australian billionaires, as claimed by Fairfax". Crikey. Private Media. Retrieved 10 October 2019.
- ^ Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
- ^ Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
- ^ "MIT Foundation". mitgroupfoundation.org.
- ^ "News from Nepal as it happens". Nepalnews.com. Retrieved 20 March 2014.
- ^ Lenaghan, Nick. "Rich-listers Shesh Ghale and Jamuna Gurung unveil $450m Melbourne hotel plans". Brw.com.au. Retrieved 20 March 2014.
- ^ "Melbourne Institute of Technology co-founders unveil $450m hotel complex plans". Australian Financial Review. Retrieved 20 March 2014.
- ^ "Shesh Ghale, Chief Executive Officer". Melbourne Institute of Technology. n.d. Retrieved 20 March 2014.
External links
- Shesh Ghale NepaleseAbroad.com