Binod Chaudhary

$2.08 B

Ranked #2033 in World

About Binod Chaudhary

Nepalese billionaire Binod Chaudhary, celebrated for his diverse entrepreneurial ventures and philanthropy, is recognized as Nepal's first and only billionaire since 2013. Born into a Marwari family in Kathmandu, Chaudhary's journey from a keen student to the chairman and president of the Chaudhary Group (CG) underscores his multifaceted career that spans distribution, retail, leisure, and manufacturing. His net worth, which Forbes estimated at $1 billion in 2013, has escalated to $1.7 billion, highlighting his continued success in the business realm. Beyond his commercial achievements, Chaudhary is also known for his contributions to charity, literature, and film. The Chaudhary Group, initiated by his grandfather, stands as a testament to the family's enduring legacy in Nepal's business landscape, with Chaudhary himself being a pivotal figure in propelling the company to new heights, notably by introducing Wai Wai noodles. His commitment to societal betterment, showcased through the Chaudhary Foundation, alongside his foray into politics and recognition through several awards, underscores a life dedicated to both entrepreneurial and philanthropic endeavors.

Born

April 14, 1955 in Kathmandu, Nepal

Age

71 years

Source Of Wealth

Diversified

Industries

Diversified

Citizenship

Nepal

Residence

Kathmandu

Spouse

Sarika Chaudhary

Children

Binod Chaudhary was born in Kathmandu, Nepal, on April 14, 1955, into a Marwari family. His grandfather, Bhuramal Das Chaudhary, was an entrepreneur who started a textile business. Binod's father further developed the textile business, and Binod chose to pursue further education rather than join the family business. He was inspired by his grandfather and father and admires Amitabh Bachchan, Ranbir Kapoor, Nelson Mandela, and J. R. D. Tata.

Binod Chaudhary: Family

Binod Chaudhary is married and has three children. His grandfather, Lunkaran Das Chaudhary, founded the Chaudhary Group, and his father continued to develop the textile business and established international trading houses and a construction company.

Binod Chaudhary: Career Highlights

Binod Chaudhary took over the family business at the age of eighteen due to his father's illness. He initially considered importing Japanese Suzuki cars to Nepal but faced challenges. In 1973, he established Copper Floor, a successful discothèque company. In 1979, he made a deal with Japanese electronic firm National Panasonic.

Binod Chaudhary: Companies

Binod Chaudhary is the chairman and president of the Chaudhary Group (CG), which was founded by his grandfather. The group has interests in distribution, retail, leisure, and manufacturing. CG Corp Global's The Fern Seaside Luxurious Tent Resort in Daman, India, offers tourist accommodation.

Binod Chaudhary: Major Achievements

Binod Chaudhary was recognized as Nepal's wealthiest person and only billionaire in 2013, with an estimated net worth of $1 billion. His net worth has since risen to $1.7 billion. He was listed as Nepal's first billionaire by Forbes in 2013 and featured on the cover of Forbes Asia in 2015. His fortune rose by $200 million by 2018.

Binod Chaudhary: Awards & Achievements

Binod Chaudhary has received numerous awards and achievements, including an honorary doctorate degree from Sri Sri University in 2015 for outstanding contributions in philanthropy. He received the Asian Man of the Year Award in 2016 and the 2016 Frost & Sullivan Growth, Innovation and Leadership (GIL) Award.

In 2019, he was presented with the Lifetime Achievement Award by Hotelivate.

Binod Chaudhary: Personal Life & Legacy

Binod Chaudhary is married with three children. He is involved in charity work through the Chaudhary Foundation, which supports Sustainable Development Goals (SDGs) in Nepal.

Binod Chaudhary: Trivia

Binod Chaudhary's grandfather migrated from Rajasthan, India, to Nepal in the 19th century. He started a textile business and later became the first in Nepal to start a formally registered clothing company. Binod Chaudhary's father continued to develop the textile business and established international trading houses and a construction company. Binod Chaudhary founded Arun Emporium, a successful retail store, and took over the family business at the age of eighteen due to his father's illness.

Wealth History

Timeline

19th century

Binod Chaudhary's grandfather, Lunkaran Das Chaudhary, migrated from Rajasthan, India, to Nepal and started a textile business.

1973

Binod Chaudhary established Copper Floor, a successful discothèque company.

1979

Binod Chaudhary made a deal with Japanese electronic firm National Panasonic.

1984

Wai Wai, a brand of instant noodles, was introduced in Nepal and became the Chaudhary Group's bestseller.

1990

Binod Chaudhary started Cinnovation Group in Singapore, one of the first highly pervasive multinational Nepali companies.

1994

Binod Chaudhary worked on the draft of the Communist Party of Nepal-Unified Marxist Leninist (CPN-UML) economic policy.

1995

Binod Chaudhary bought the Dubai government's controlling stake in the Nabil Bank.

2008

Binod Chaudhary became a member of the Constituent Assembly nominated by the CPN-UML.

2013

Binod Chaudhary was listed as Nepal's first billionaire by Forbes.

2015

Binod Chaudhary was featured on the cover of Forbes Asia and was honored by Sri Sri University with an honorary doctorate degree in philanthropy.

2016

Binod Chaudhary received the Asian Man of the Year Award and the Frost & Sullivan Growth, Innovation and Leadership (GIL) Award.

2017

Binod Chaudhary joined the Nepali Congress party, led by Sher Bahadur Deuba.

2018

Binod Chaudhary's fortune rose by $200 million.

2019

Binod Chaudhary was presented with the Lifetime Achievement Award by Hotelivate.

Binod Chaudhary : FAQs

What is Binod Chaudhary's current net worth?

Binod Chaudhary's current net worth is $2.08 billion.

What is Binod Chaudhary's current global rank among billionaires?

Binod Chaudhary holds the 2033rd position globally among billionaires.

What is Binod Chaudhary's current ranking within the Nepal?

Binod Chaudhary holds the 1st position in Nepal.

What was the change in Binod Chaudhary's net worth compared to the previous year?

Binod Chaudhary's net worth increased by 51.93 million dollars compared to the previous year 2025, when his net worth was 2.02 billion dollars.

What are Binod Chaudhary's main sources of wealth?

Binod Chaudhary's main source of income comes from Diversified.

In which industry does Binod Chaudhary primarily operate?

Binod Chaudhary is primarily involved in the Diversified industry.

How old is Binod Chaudhary?

Binod Chaudhary is 71 years old.

How many children does Binod Chaudhary have?

Binod Chaudhary has 3 children.

Who is Binod Chaudhary and why is he famous?

Binod Chaudhary is a Nepalese billionaire businessman, politician, and philanthropist known for being Nepal's wealthiest person and its only billionaire in 2013, with an estimated net worth rising to $1.7 billion. He is the chairman and president of the Chaudhary Group (CG) and is involved in various sectors including distribution, retail, leisure, and manufacturing.

How did Binod Chaudhary start his business career and what are some of his notable achievements?

Binod Chaudhary took over his family's textile business at the age of 18 due to his father's illness, after which he established Copper Floor, a successful discothèque in 1973, and made a deal with National Panasonic in 1979. His business career expanded to include the founding of Arun Emporium and taking over the Chaudhary Group, introducing Wai Wai noodles in Nepal, and becoming Nepal's first billionaire listed by Forbes in 2013.

What other businesses does Binod Chaudhary own apart from the Chaudhary Group?

Apart from the Chaudhary Group, Binod Chaudhary has ventured into various businesses, including buying the Dubai government's stake in the Nabil Bank in 1995, starting Cinnovation Group in Singapore, and holding interests in hotels, resorts, FMCG, real estate, cement, and financial services. He aims to advocate Nepal as a safe investment destination.

What political contributions has Binod Chaudhary made in Nepal?

Binod Chaudhary's political contributions include financial support for Surya Bahadur Thapa's campaign, working on the draft of the Communist Party of Nepal-Unified Marxist Leninist economic policy in 1994, being a member of the Constituent Assembly nominated by the CPN-UML in 2008, and later joining the Nepali Congress party in 2017.

Can you tell me more about Binod Chaudhary’s philanthropic efforts and recognitions?

Binod Chaudhary has engaged in various philanthropic efforts through the Chaudhary Foundation, focusing on sustainable development goals in Nepal. He has been recognized for his contributions with several awards, including an honorary doctorate from Sri Sri University in 2015, the Asian Man of the Year Award in 2016, the Frost & Sullivan GIL Award in 2016, and the Lifetime Achievement Award by Hotelivate in 2019.