Net Worth : Between $250 Million- $1 Billion
In 1990, Upendra Mahato earned his doctorate in Russia. Following this, he began to expand his company into fields as diverse as electronics and oil. His business has a total of 12,000 employees and serves sectors like banking, heavy machinery and real estate. Originally, Mahato received his start when he began to work as an electronic trader in Voronezh. Before long, he had purchased a television factory that grew to produce one million televisions every year.
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Outside of this, he has a television parts outlet that serves 80,000 customers every day. More recently, Mahato began building a high-rise building that will serve as a premium apartment block in Moscow. Although his wealth was earned from his business interests, Mahato's fame is due to his social work. Throughout his life, he has constructed old age homes throughout Nepal and even constructed a hospital in Karjanha.
In addition to his former leadership with NRN, he is also a member of multiple Nepali social interest groups. He is able to speak English and Russian in addition to his native tongue. His knowledge of Russian served him well following the end of the Soviet Union. Local Russians were unaccustomed to business and banking, so individuals like Upendra Mahato were able to step in and carve out their own market share.