Shesh Ghale

Dr Shesh Ghale is an Australian Businessman , Melbourne-based Australian billionaire and the former president of Non Resident Nepali Association (NRNA).[3] 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
Lamjung, Nepal
NationalityAustralian, Nepalese
Alma mater
OccupationEntrepreneur
Net worthA$5.9B bn (AFR 2019)[1][2]

Education

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.

Dr 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.

Career

Dr Shesh Ghale is the CEO and co-founder of the Melbourne Institute of Technology.

He is known both for his philanthropic work, specially 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. Key career achievements include:

  • 1997-2000 – served as the Honorary Consul General of Nepal in Victoria
  • 2013 – nominated for the Ernst and Young Australian Entrepreneur of the Year Award
  • 2013 – elected president of the Non-Resident Nepali Association (NRNA) for an inaugural two-year term (2013–2015)
  • December 2015 – awarded Doctor of the University Honoris Causa. The Federation University conferred the Doctorate degree in recognition of his distinguished service and contribution to Australian Higher Education, and to urban preservation and development, and of course to the people of Nepal
  • June 2015 - appointed "Special Envoy for Nepal Earthquake Reconstruction and Development" by the Government of Nepal
  • October 2015 – re-elected president of the NRNA for a second two year term (2015–2017)
  • November 2015 – 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

Wealth

Dr Ghale is the first billionaire in the global Nepalese diaspora and the only second billionaire of Nepalese origin.

With a net worth of approximately A$1.18 billion, The Australian Financial Review 2019 Rich List named him 78th among 140 richest Australians.[1] He was previously ranked the 81st-richest person in Australia by The Australian Financial Review in the 2018 Rich List.[4]

The entrepreneur is known for his philanthropic activities as much as for his self-made fortune. 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.

In 2015, Dr Ghale and Jamuna Gurung co-founded the MIT Group Foundation to help under-privileged and vulnerable communities of Nepal through education and health. They would later donate NPR रू1 billion to the Foundation.[5][6][7][8][9]

References
  1. Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  2. "Shesh Ghale & Jamuna Gurung: Nepalese Australians have just gotten billionaires among them". southasia.com.au. 30 March 2019.
  3. "Non Resident Nepali Association". 29 September 2019 – via Wikipedia.
  4. Stensholt, John (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Fairfax Media. Retrieved 26 May 2018.
  5. "MIT Foundation". mitgroupfoundation.org.
  6. "News from Nepal as it happens". Nepalnews.com. Retrieved 20 March 2014.
  7. Nick Lenaghan. "Rich-listers Shesh Ghale and Jamuna Gurung unveil $450m Melbourne hotel plans". Brw.com.au. Retrieved 20 March 2014.
  8. "Melbourne Institute of Technology co-founders unveil $450m hotel complex plans". Afr.com. Retrieved 20 March 2014.
  9. "Shesh Ghale, Chief Executive Officer | Melbourne Institute of Technology, Melbourne, Sydney Australia". Mit.edu.au. Retrieved 20 March 2014.
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