Binod Chaudhary: Nepal’s First Billionaire Joins Forbes ‘Wealthiest Billionaires 2022’
Binod Chaudhary is a well-known Nepalese billionaire. He leads the Chaudhary Group (CG), a big company that started with his grandfather coming to Nepal from Rajasthan.
Binod learned about business from his father at a young age. He joined CG when he was just 18. Binod is married to Sarika Chaudhary, and they have three sons: Nirvana, Rahul, and Varun. He is the Chairman and President of Chaudhary Group, Nepal’s only billion-dollar company, worth around $1.5 billion.
He owns a big part of CG Foods, famous for Wai Wai noodles, and Nepal’s Nabil Bank. In 2022, Forbes ranked him 1929 among billionaires.
Chaudhary’s business has 160 companies and 123 brands across 27 countries, employing over 15,000 people.
His autobiography talks about his journey from a government school in Gana Bahal to running a discotheque and becoming a leader in Nepali business. At 18, he gave up studying to take care of his father’s company when his father got sick.
Binod Chaudhary has a wide-ranging business portfolio, including banking, FMCG, energy, electronics, healthcare, education, and hospitality. His most famous brand is ‘Wai Wai’ noodles, and he also owns many hotels.
He comes from a Marwari family that moved from Rajasthan to Kathmandu three generations ago. His father started Arun Emporium, Nepal’s first departmental store. Binod took over the family business at 18 and expanded it into insurance, food, real estate, retail, and electronics.
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CG’s biggest success is the ‘Wai-Wai’ instant noodles brand, employing around 16,000 people and valued at NPR 7.74 billion according to Forbes.
Binod Chaudhary admires Bollywood icon Amitabh Bachchan and is inspired by Indian businessman JRD Tata and Nelson Mandela. He has also been a Nepali parliamentarian.
Dr. Binod Chaudhary, a proud third-generation Nepalese of Indian descent, has made significant contributions to Nepal’s business. He partnered with Tata Group’s Indian Hotels Company Ltd (IHCL) to manage the Taj Jumeirah Lakes Towers hotel in Dubai under CG Hospitality.
His journey from a modest background to becoming Nepal’s only billionaire shows his strong desire for wealth creation and his commitment to making a positive impact in his homeland.
