Binod Chaudhary Net Worth $1 Billion
Binod Chaudhary is a Nepali businessman, industrialist and philanthropist who as an estimated net worth of $1 billion as of March 2013 according to Forbes. He’s the richest individual in Nepal and the first Nepali billionaire. He is rated 1342nd in the World Billionaires list.
Mr. Chaudhary has assembled most of his estimated net worth of $1 billion abroad. He is the present President and Managing Director of Cinnovation/Chaudhary Group (CG), a conglomerate of almost 80 companies in 5 continents that is worth more than a billion dollars. It’s more than 60 brands in 30 nations. Among its food brands, the Wai Wai instant noodles brand has been the most successful company. Another popular arm is the Cinnovation Group, the holding company of Cigen Corporation. Binod also holds a controlling position in Nabil Bank Limited.
Produced on April 14, 1955, Binod Chaudhary grew up in a family group of businessmen. His grandfather is a textile dealer who migrated from Rajasthan and began supplying goods to the erstwhile rulers. His father started the first department store in the nation. His father jumped school so he could join the household commerce in age 18.
Chaudhary is married with three sons. The current President let his kids manage a number of his company like the Singapore arm, Cinnovation. His eldest son, Nirvana, commands domestic companies while younger Rahul and Varun are responsible for his overseas interests.