Binod Chaudhary is a Kathmandu-based billionaire. He is a businessman, industrialist and philanthropist. His net worth is $1.36 billion as of 2015, according to Forbes. He is the only billionaire in Nepal. Born and raised in Kathmandu, Chaudhary started working in Arun Emporium, his father’s department store. It is considered to be Nepal’s first department store. He always dreamed of becoming a big industrialist.
Over the years, he has converted the department store into a conglomerate, which is one of the biggest corporate houses in Nepal. Chaudhary was inspired by his industrious father. Today, Chaudhary is the chairman of Chaudhary Group (CG), a conglomerate that consists of around 80 companies spanning five continents. CG’s well-known brands are Nepal Ice Beer and Wai Wai instant noodles.
Chaudhary made most of his fortune overseas. His biggest asset is his controlling stake in Nepal’s Nabil Bank. Currently he is expanding his portfolio of hotels.
Binod Chaudhary served as a member of constituent assembly and parliament of Nepal between April 2008 and May 2012. He has created the CG Foundation, which contributes in the areas of music, art and literature. He has taken many initiatives like Gen Nep to improve the quality of life of the people of Nepal.
Chaudhary is married to Sarika and the couple has three children.