Facts About Binod Chaudhary The Nepalese Billionaire And His Net Worth

Net Worth:
$1.38 billion
Salary:Not known
Income Sources:Various businesses and investments, including The Chaudhary Group, a stake in the Nabil Bank, etc, book sale
Age/Date of Birth:
66 years old (14 April 1955)
Height:
Not Known
Nationality:Nepalese
Last Updated:
2021

Binod Chaudhary is a Nepalese billionaire businessman, politician and philanthropist, as well as the chairman and president of the Chaudhary Group (CG), he has an estimated net worth of $1.38 billion

The Nepali business tycoon, industrialist and philanthropist, Binod Chaudhary is the first Nepali billionaire. He is a man of great audacity and tact who married his love despite hesitation from their families and built a billion-dollar empire out of the relatively humble business enterprise he took over from his father.

Binod Chaudhary is also a singer and actor having released an album; he acted in a Nepali feature film. The man’s interest goes beyond doing business and singing to include playing golf, playing squash, and seeking adventure by travelling to remote corners of the world.

Apart from his business ventures, Binod Chaudhary supports his country as a philanthropist by making contributions in several fields of health, sports, education and youth empowerment. Gyan Udaya Scholarship and Samata Siksha Niketan are some of the major initiatives taken by his company in the field of education.

Who Exactly is Binod Chaudhary?

Binod Chaudhary, born April 14, 1955, to Lunkaran Das and Ganga Devi Chaudhary is the eldest of three sons and an inquisitive, strategic, and entrepreneurial-minded personality since his childhood.

His grandfather, Bhuramal Chaudhary, a textile trader, migrated to Nepal from Rajasthan and used to sell saris and other clothing to a broad customer base that also included the then Royal family of Nepal. His father, Lunkaran Das Chaudhary expanded the business and opened the first departmental store in the country, known as Arun Emporium.

In his autobiography, he mentions his first entrepreneurial venture to be a school project where students set up and managed a shop inside school premises that sold items like candies and biscuits. He took responsibility for the family business and dropped his studies at the age of 18. He has never looked back ever since. His lineage and his nature amalgamated to make him the businessman he is.

Binod Chaudhary spearheaded the making of Chaudhary Group (CG), an international conglomerate of more than 45 companies, 60 brands in 30 countries and over 6000 employees under its wings with the help his two younger brothers – Arun and Basanta, and his three sons – Nirvana, Rahul and Varun.

Currently, Binod executes his role as Chairman Emeritus, CNI (since Jan 2013), and President, Chaudhary Group, Nepal. Currently, Nirvana Chaudhary – the eldest son manages business affairs in Nepal while Rahul and Varun keep themselves busy overseas.

Today, Chaudhary Group is one of the biggest corporate houses in Nepal. CG has their diverse investment in almost all types of commodities; including food, noodles, cement, energy and hydro-power, banking and finance (not to forget a controlling stake in Nabil Bank Limited), real estate and hotels, electronics, home appliances, education, biotechnology, and retail.

A major part of his fortune is made across the borders through Singapore based CINNOVATION (the holding company of Cigen Corporation), by being a minority shareholder of Tata Groups’ Taj Hotel Resorts and Palaces in India, purchasing ST Telecom, a rural telecom operator, and other real estate businesses all over the globe like Hotels in Rwanda, Uganda, and Burundi.

CG’s most popular product in Nepal and the reason for it’s primary rise to fame is a product called “Wai Wai”, a brand of noodles. Wai Wai is, originally, a Thai brand. Binod Chaudhary gained legal rights to produce the noodles in Nepal under the brand name of Wai Wai, and later gained rights to produce and distribute the brand worldwide.

Analysis of His Net Worth and Financial Standing

It is believed that Binod has a net worth of $1.38 billion. He entered the billion-dollar club in March 2013, as the 1460th richest person listed by Forbes becoming the first person from Nepal to join the ultra-rich elites while he currently ranks at the 1465th spot.

Said to have been influenced by several entrepreneurs like Richard Branson, Donald Trump, Warren Buffet, and Ratan Tata, Chaudhary also follows Barack Obama, Narendra Modi, Bill Clinton, Hillary Clinton, Arvind Kejriwal, and two Nepali politicians Dr Baburam Bhattarai and Dr Ram Sharan Mahat owing to his interests in politics.

A keen follower of the Art of Living, Binod Chaudhary praises Sri Sri Ravi Shankar and is also a lover of Bollywood movies with Amitabh Bachchan and Vinod Khanna being his all-time favorites.

You Might Also Like: Top 10 Richest Actors In Bollywood

Profile Summary 
First Name:Binod
Last Name:Chaudhary
Estimated Net Worth:
$1.38 billion
Salary:Not known
Source of Wealth:Various businesses and investments, including The Chaudhary Group, a stake in the Nabil Bank, etc, book sale
Last Updated:
2021
Also Known As:
Not known
Sex/Gender:
Male
Profession:
President of Chaudhary Group
Famous For:Being the chairman and president of the Chaudhary Group (CG) and Nepal's wealthiest person
Colleges/Universities Attended:
None
Educational Qualifications:
Not available
Religion:
Not known
Birthday & Zodiac
Age/Date of Birth:
66 years old (14 April 1955)
Zodiac Sign:Aries
Birth Place:
Kathmandu, Nepal
Nationality:Nepalese
Ethnicity/Race:
Mixed race
Country of Residence:
Nepal
Physical Attributes
Height:
Not Known
Weight:
Not Known
Eye Colour:
Dark brown
Hair Color:
Black and gray
Other Body Measurements:
Not Known
Relationships
Marital Status:
Married
Spouse/Partner:
Sarika Chaudhary
Family and Relatives
Father:
Lunkaran Das Chaudhary
Mother:Ganga Devi Chaudhary
Children:
Nirvana Chaudhary, Rahul Chaudhary, Varun Chaudhary
Siblings:Basant Chaudhary, Arun Chaudhary
Other Relatives:
Bhuramal Das Chaudhary (grandfather)

Timothy Walbe
Timothy Walbe has extensive professional writing experience in technical, product reviews, informational and persuasive articles as well as creative and content writing on nearly any topic including finance and investment

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