HustleMemo
Portrait of Shesh Ghale.

Shesh Ghale

Co-founder and CEO of Melbourne’s MIT Group and a Nepali-origin billionaire — the diaspora success story Nepal could not keep at home.

MIT Group · Higher education, real estate · est. 1996

Born in 1963 in Lamjung, Nepal. Earned a Master of Civil Engineering in the USSR (Kharkiv, ~1979–1986) and worked as a highway engineer in Nepal before relocating to Melbourne in 1990; added an MBA from Victoria University (1994). Co-founded the MIT Group, anchored by the Melbourne Institute of Technology, with his wife Jamuna Gurung; later expanded into real estate. Former president of the NRNA. Joint net worth ~A$900M (2023), peaking ~A$1.18B in 2019.

Notable achievements

  • Co-founded the Melbourne Institute of Technology and the MIT Group.
  • Built an enterprise that reached a joint net worth of ~A$1.18 billion (2019).
  • Expanded from private higher education into real estate.
  • Served as president of the Non-Resident Nepali Association (NRNA).

Find them online

Melbourne Institute of Technology

Stories about Shesh Ghale

Shesh Ghale, co-founder of the MIT Group, subject of a case study on Nepali diaspora wealth and brain drain.
industry16 min read

Shesh Ghale: The Billionaire Nepal Could Not Keep

Shesh Ghale left Nepal as a highway engineer and built a billion-dollar education and property group in Australia. With no documented controversy, the critical lens is structural: the brain drain his biography embodies, the visa-policy exposure of international education, and the gap between diaspora wealth and Nepal’s stagnation.

Shesh Ghale