Binod Chaudhary Net Worth History
Source – Forbes
Binod Chaudhary is a prominent Nepalese businessman, Politician, industrialist, and philanthropist. He is the chairman of Chaudhary Group (CG). He is widely recognized as the first billionaire from Nepal. Binod Chaudhary comes from a business-oriented family and is the son of Lunkaran Das Chaudhary. Chaudhary is also a member of parliament and represents the Nepali Congress.
Here are some key points about Binod Chaudhary:
- Business Empire: Binod Chaudhary controls CG Corp Global, a conglomerate with diverse business interests. The Chaudhary Group has its presence in various sectors, including finance, education, hospitality, real estate, telecommunications, and food.
- Wai Wai Noodles: One of the significant contributions of Binod Chaudhary is the popularization of Wai Wai noodles, a brand of instant noodles that originated in Nepal. Under his leadership, Chaudhary Group transformed Wai Wai into a global brand. Chaudhary’s biggest assets are a controlling stake in Nepal’s Nabil Bank and CG Foods, maker of the popular Wai Wai noodles. Wai Wai has overseas factories in international market such as in India, Serbia and Bangladesh with a new one being constructed in Egypt.
- International Presence: Binod Chaudhary expanded the Chaudhary Group’s operations beyond Nepal, establishing a strong international presence. The group has investments and business ventures in numerous countries, including India, Sri Lanka, the Middle East, Africa, and the United States. CG’s hotel assets consist of 143 owned and managed properties, including a string of luxury hotels with India’s Taj hotel chain.
- Philanthropy: Binod Chaudhary is also known for his philanthropic activities. He has been involved in various social and charitable initiatives, particularly in the areas of education and healthcare. The Chaudhary Foundation, the philanthropic arm of the Chaudhary Group, works on projects to uplift communities in Nepal and beyond.
- Political Engagement: Apart from his business ventures, Binod Chaudhary has shown an interest in politics. He was elected as a member of the Constituent Assembly of Nepal in 2013.
Binod Chaudhary’s success story is often cited as an inspiration for aspiring entrepreneurs in Nepal and the broader South Asian region. His business acumen and commitment to social causes have made him a respected figure in both business and philanthropy circles.
Binod Chaudhary Forbes
According to Forbes Profile, Binod Chaudhary ranks in the 1649th richest person in the world with the net worth of $1.8B. Chaudhary is one and only billionaire who has been featured in the Forbes list for long time.
Binod Chaudhary Family Members
Binod Chaudhary’s wife name is Sarika Chaudhary. He has got three children. His sons Nirvana in Nepal and Rahul and Varun, who live overseas, help him run the group. Nirvana and Rahul are managing directors of the group. He is a third-generation businessman. His grandfather, Bhuramal Das Chaudhary, was an entrepreneur who started a textile business. His late father was also a businessman who further developed his grandfather’s business.
Binod Chaudhary Company List
The Chaudhary Group (CG) is a prominent conglomerate based in Nepal with a diverse range of business interests. It was founded by Lunkaran Das Chaudhary and is now led by his son, Binod Chaudhary. CG has played a significant role in the economic development of Nepal and has expanded its operations internationally. Here are some key sectors and businesses associated with Chaudhary Group:
- Wai Wai Noodles: Chaudhary Group is well-known for popularizing Wai Wai noodles, a brand of instant noodles that originated in Nepal. The group has successfully expanded the brand globally.
- Financial Services: CG has a presence in the financial sector, including banking and insurance.
- Education: Chaudhary Group has made investments in the education sector, establishing educational institutions.
- Hospitality: The group is involved in the hospitality industry with investments in hotels and resorts.
- Real Estate: CG has interests in real estate development and construction projects.
- Telecommunications: The group has ventured into the telecommunications sector with investments in this industry.
- Food and Beverages: In addition to Wai Wai noodles, CG may have interests in other food and beverage businesses.
- Hydropower: Chaudhary Group has been involved in hydropower projects, contributing to the development of energy infrastructure in Nepal.
FAQs About Binod Chaudhary Net Worth
What us the Net Worth of Binod Chaudhary?
As of 2023 Binod Chaudhary has net worth of $1.8 Billion as per the Forbes report. Binod Chaudhary ranks in the 1649th richest person in the world . Chaudhary is one and only billionaire who has been featured in the Forbes list for long time.
What is the Age of Binod Chaudhary ?
Binod Chaudhary was born on 14 April 1955 in Kathmandu, capital city of Nepal to a Marwadi Family. Chaudhary took over his family company at the young age of 23.
What are the Income Sources of Binod Chaudhary?
Binod Chaudhary led CG Corps has wide range of business from Financial Services, Education, Hospitality, Real Estate, Telecommunication, Food & Beverage and Hydropower.