Shesh Ghale, 52 a Nepalese-born entrepreneur has done it again this year to be listed in Australian BRW amongst the Australiaâ€™s wealthiest 200 people of the year 2010. This is the second time Ghale has been listed in Australian BRWâ€™s 200 wealthiest Australian. Thanks to mainly for his education services Melbourne Institute of Technology (MIT), not to be confused with RMIT (Melbourne) or MIT (Massachusetts USA).
Mr Ghale established MIT, Melbourne in the year 1996 six years after he arrived in Australia from Nepal. Since then MIT, which offers degree and master degree courses mainly in technology and accounting has grown to 3,000 students with campuses at Melbourne and Sydney and with plans on the table for more campuses in other Australian cities.
Ghale still keeping his one hand, the right one in the education market also begun to use his left hand in commercial properties market within Melbourne area, many of which properties are occupied by MIT. Ghale who purchased 1920s Argus building in Melbourneâ€™s La Trobe Street for $15 million is planning to convert the building into a $50 million university campus.
Ghale who was worth $208 million last year has increased his wealth and fortune this year to $237 million gaining the place of 176th richest Australian. Ghale, who originally comes from Lumjung in Western Nepal is married with one child and lives in Melbourne, Vic Australia.
Ghale as seen in Australian BRW. May 27 â€“ June 30, 2010 Issue. Photo: ThulungPhoto.com
List of 200 Wealthiest Australianâ€™s listed in May-June 2010 issue of Australian Business Review. Photo: ThulungPhoto.com
Shesh Ghale listed as the 176th Richest Australian with the fortune of $237 Million in BRW. Photo: ThulungPhoto.com