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2023
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Binod Chaudhary

Binod Chaudhary

B. Chaudhary
-0.07% | - $-1.36M
$2.02 B ₹ 18,351 Cr
Real Time Net Worth #2023 Ranking as of 21 Feb 2026 By Forbes

More on Binod Chaudhary

Gender

Male

Age

70Y

Country

Nepal

Born On

April, 1955

Deceased

No

Relationship Status

Married

Children

3

Education

Unknown

Designation Info :

Self-Made

No

Entrepreneur Type

Family Wealth (Massively Expanded)

Primary Organization

Chaudhary Group

Titles

Chairman

Sources of Wealth

Chaudhary Group

Industry

Diversified, Food & Beverage, Hospitality, Finance

About Binod Chaudhary


B inod Chaudhary is a Nepalese billionaire businessman, politician, and philanthropist who is the chairman of the Chaudhary Group (CG), a multinational conglomerate. He is Nepal's first and only billionaire. His family has a business background, but he is credited with transforming their trading house into a diversified global enterprise with over 136 companies in various sectors.

The cornerstone of his fortune is Wai Wai, a brand of instant noodles that has become a global phenomenon, particularly popular in South Asia. He took a Thai noodle brand and adapted it for the local market, turning it into a household name. The Chaudhary Group's interests are vast, spanning banking, consumer goods, electronics, hotels, and education. His hospitality arm, CG Hospitality, owns and operates a portfolio of hotels and resorts across the globe. He has also served as a member of Nepal's parliament.

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Quick Reads


  • Nepal's first and only billionaire.
  • Chairman of the Chaudhary Group (CG), a multinational conglomerate.
  • His fortune is primarily derived from the popular instant noodle brand Wai Wai.
  • The group has diverse interests, including a global portfolio of hotels.
  • He has served as a member of the parliament of Nepal.

Early Life and Background


Born in 1955 in Kathmandu, Nepal, Binod Chaudhary is a Nepali billionaire, the Chairman of the Chaudhary Group (CG), and the first and only Nepali to be listed on the Forbes World's Billionaires list. His family's business history is one of textile and wholesale trading, stretching back to the 19th century when his grandfather opened a small textile store for the Rana rulers in Nepal.

Chaudhary’s education was cut short by necessity. His father suffered a debilitating stroke, forcing Binod to abandon his higher education and join the family business at the young age of 18. This early, unexpected leadership transition instilled in him a powerful sense of responsibility and a hands-on management style. His subsequent focus was on modernizing the family's trading business, recognizing the need to move from wholesale trade to branded consumer products.

Career Journey of Binod Chaudhary


Binod Chaudhary’s entrepreneurial vision was to pivot the family's trading roots into branded manufacturing. He expanded the Chaudhary Group (CG) into banking, hospitality, and real estate, but his global breakthrough came in the FMCG (Fast-Moving Consumer Goods) sector. His defining act was the founding of Wai Wai noodles in 1984 in Nepal, introducing a product that was pre-cooked and could be eaten straight from the package.

Wai Wai became an instant, massive success, achieving iconic status and dominating the instant noodle market across South Asia, particularly in India. Chaudhary’s strategy was built on aggressive marketing, quality product, and rapid capacity expansion. The Chaudhary Group’s success allowed it to diversify into nearly 122 companies across five continents, with major holdings in the luxury hospitality sector (Taj Hotels partnerships), financial services, and telecommunications. This success cemented Binod Chaudhary's status as the sole billionaire of Nepal and a true industrial ambassador for the nation.

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Binod Chaudhary's Timeline


1955:

Born in Kathmandu, Nepal.

Early 1970s (Age 18):

Abandons higher education to join the family business after his father's stroke (Executive Transition).

1984:

Founds Wai Wai noodles, introducing a new type of pre-cooked instant noodle to the market (Product Innovation).

Early 1990s:

Expands the Chaudhary Group into banking, real estate, and hospitality (Diversification).

2015:

Plays a major role in Nepal earthquake relief and reconstruction (Philanthropic Response).

Ongoing:

Continues as Chairman of the Chaudhary Group (CG), leading over 122 companies (Executive Leadership).

Major Business Ventures and Investments


Binod Chaudhary’s wealth is concentrated in his controlling stake and executive leadership of the privately held, diversified Chaudhary Group (CG).

  • Wai Wai Noodles (Founder & Core Asset): The flagship FMCG brand, dominating the instant noodle market across South Asia, responsible for the group's massive revenue and global recognition.
  • CG Global: The diversified conglomerate, with operations in over 122 companies across five continents, spanning:
    • Financial Services: Major stakes in banks and insurance companies in Nepal.
    • Hospitality: Partnerships with global luxury brands like the Taj Group (Taj Safari properties).
    • Telecommunications & Real Estate: Significant investment in infrastructure and property development.
  • Regional Dominance: His success is built on his mastery of the distribution networks in the challenging Indian and South Asian consumer markets.

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Philanthropy and Social Impact


Binod Chaudhary is a dedicated philanthropist whose giving is channeled through the Chaudhary Foundation, focusing on education, health, and poverty alleviation in Nepal. His most profound social impact is his role in disaster relief and reconstruction following the devastating 2015 Nepal earthquake, where his foundation provided massive, immediate assistance to the victims and committed to rebuilding homes and schools.

As the only billionaire from Nepal, he serves as a powerful national icon for entrepreneurship. His businesses provide thousands of jobs and contribute significantly to Nepal's economic modernization, transitioning the country's business image from traditional trade to modern manufacturing and services.

Fashion, Style, and Lifestyle


Binod Chaudhary maintains the distinguished, powerful style of a traditional Nepali and global industrialist. His attire is consistently formal and refined, favoring tailored suits or high-quality traditional Nepali formal wear. His aesthetic is one of confident authority and national pride.

Residing in Kathmandu, his luxury is the security of his immense liquid wealth and the autonomy to manage a massive, diversified conglomerate across five continents. His life is defined by his commitment to his home country, serving as an ambassador for Nepali enterprise, and indulging in his high-end hospitality partnerships (e.g., Taj Hotels). His wealth is a testament to the profitability of dominating the FMCG market in South Asia.

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Quotes and Philosophy


“My father’s stroke was the greatest turning point. It made me a man and an entrepreneur overnight.”

“The greatest opportunity is always in the essentials—food, shelter, and financial services—on a massive scale.”

Fun Facts & Trivia


  • He is the first and only billionaire from Nepal on the Forbes list.
  • He abandoned his higher education at age 18 to run the family business after his father’s stroke.
  • He is the founder of Wai Wai noodles, which is an iconic brand in South Asia.
  • His grandfather started the family business with a small textile store in the 19th century.
  • His conglomerate, Chaudhary Group, operates 122 companies across five continents.
  • He was instrumental in providing massive relief following the 2015 Nepal earthquake.
  • He has major partnerships in the luxury hospitality sector, notably with the Taj Group.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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