Shesh Ghale, 54, a Nepali-born entrepreneur based in Australia, has been named as one of the richest persons for the fourth time in the list of top 200 Wealthiest Australians.

Ghale has been ranked at 166th position with the fortune of $ 225 million in the list of 200 Wealthiest persons published in the Australian Business Review Weekly (BRW).

Ghale has been listed in the BRW’s 200 Wealthiest Australian in 2009 with a fortune of $ 208 million standing at 164th position among the top 200 richest persons. Similarly, he was ranked at 176th position with assets worth $ 237 million in 2010 and $ 269 million in 2011.

Although Ghale’s property has increased by $ 32 million compared in the years 2010 and 2011, his ranking in the list remained at 176th.

Ghale owns Melbourne Institute of Technology (MIT) where majority of students are from foreign countries while he is also involved in the commercial properties market in Melbourne.

He had established MIT in 1996 offering undergraduate and postgraduate courses mainly in IT and accounting.

Ghale originally hails from Lamjung district of western Nepal currently residing in Melbourne, Australia with his family. Nepalnews.com