Latest news with #BinodChaudhary
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India.com
09-07-2025
- Business
- India.com
Meet Richest Man In Nepal: Only Billionaire In Country, Inspired By Ratan Tata, His Business Is….—Find Out His Net Worth
photoDetails english 2929333 Updated:Jul 09, 2025, 06:38 PM IST Meet Nepal's Only Billionaire 1 / 8 Binod Chaudhary is Nepal's richest man and its only billionaire. A businessman, politician, and philanthropist, he is the chairman of the Chaudhary Group (CG), a multi-industry conglomerate. In 2013, he entered Forbes' billionaire list with a net worth of 1 billion dollars. Today, his fortune has grown to 1.8 billion dollars (approx. Rs 15,000 crore). The Noodles That Built a Billionaire 2 / 8 Chaudhary's biggest success story is Wai Wai noodles. Inspired during a trip to Thailand, he noticed the instant noodle trend and brought it to Nepal. Wai Wai became a massive hit for its quick cooking and bold flavors. It later expanded to India and global markets, earning Chaudhary global recognition. From Small Store to Global Empire 3 / 8 Born into a business family in Kathmandu, Chaudhary took over the reins of the family business when his father fell ill. He gave up his dream of becoming a chartered accountant and dove into entrepreneurship. Under his leadership, the Chaudhary Group grew into a powerhouse with over 80 companies in 30+ countries. More Than Just Noodles 4 / 8 While Wai Wai is his flagship, Chaudhary's business empire is diverse. He partnered with Panasonic, brought Suzuki cars to Nepal, and founded the Singapore-based Cinnovation Group in 1990. In 1995, he took control of Nepal's Nabil Bank, further strengthening his financial influence. Business with a Global Vision 5 / 8 Chaudhary Group has interests in finance, telecom, hospitality, infrastructure, and consumer goods. His CG Hotels and Resorts operates luxury properties worldwide. Chaudhary's goal: to put Nepal on the global business map while staying rooted in local values. His Role Models and Influences 6 / 8 Chaudhary credits his father and grandfather for shaping his early values. He draws inspiration from Ratan Tata, JRD Tata, and Nelson Mandela. Among celebrities, he's a fan of Amitabh Bachchan and Ranbir Kapoor, admiring their charisma and resilience. Beyond Business 7 / 8 Binod Chaudhary is also an author and filmmaker. His autobiography, Making It Big, shares lessons from his journey. As a philanthropist, he supports disaster relief, education, and health care in Nepal through the Chaudhary Foundation. A Billionaire Who Believes in Purpose 8 / 8 Despite being Nepal's only billionaire, Chaudhary stays humble and focused on impact. He believes business must serve a higher purpose. Inspired by legends, driven by vision, Binod Chaudhary is more than just wealthy—he's a force of change for Nepal. (Images credit: File Photo/Forbes)
India.com
08-07-2025
- Business
- India.com
Meet Nepal's only billionaire, owns 136 companies, net worth is Rs 154384785180; no match for Mukesh Ambani, Adani, his business is...
Binod Chaudhary (File) India, the pre-eminent economic and military power in the subcontinent, is known as the hub of billionaires whose numbers keep rising each year. However, India's neighbors are smaller and economically weaker, and consequently have fewer billionaires and high net-worth individuals, with Nepal having a solo billionaire, Binod Chaudhary. Let us find out more about Binod Chaudhary, the only Nepali billionaire in the world. Who is Binod Chaudhary? Born in a Marwari business family in Kathmandu, Binod Chaudhary is a businessman-turned-politician and the only Nepali-origin billionaire in the world. Binod's family has deep roots in India; his grandfather migrated from Rajasthan to Nepal, and later Binod's father established the country's first departmental store. Growing up Binod Chaudhary wanted to pursue higher studies but ultimately joined the family business after his father was diagnosed with a fatal heart ailment. Chaudhary gave up his chartered accountancy course in India and took over the family business, and later expanded it to phenomenal levels under his leadership. What is Binod Chaudhary's business? Binod Chaudhary runs the Chaudhary Group, also known as CG Corp Global, a multinational conglomerate that owns 136 businesses across multiple sectors including banking, consumer apparel, education, hotels, electronics, energy and medicine. Some of the well-known brands and firms owned by the Chaudhary Group include the popular 'Wai Wai' noodles, and Nepal's Nabil Bank. The conglomerate also owns and operates 143 hotels and resorts, including several 5-star hotels in collaboration with India's Taj Hotels chain. In 1973, Binod Chaudhary opened Nepal's iconic disco, and in 1984 introduced the Wai Wai noodles brand in the country. The business tycoon also partnered with top brands like Suzuki and Panasonic, and 1995, acquired a controlling stake in Nabil Bank from the Dubai government. How much is Binod Chaudhary's net worth? Binod Chaudhary, the sole billionaire from Nepal, has a net worth of $2 billion, as of July 8, 2025, according to Forbes Real Time Billionaires List.
India.com
05-07-2025
- Business
- India.com
Meet Nepal's richest man, only billionaire in country, inspired by Ratan Tata, his net worth is Rs..., business is...
New Delhi: Let us introduce you to Nepalese billionaire businessman, politician and philanthropist. He is the chairman and president of the Chaudhary Group (CG) and was recognised as Nepal's wealthiest person and only billionaire in February 2013 with an estimated net worth of $1 billion. Since 2013, his net worth has risen to $1.8 billion. Besides business, he has done charity work, book writing, and filmmaking. What is his name? The name of Nepal's richest man, only billionaire is Binod Chaudhary who is running several businesses. However, his wealth and fame comes from his instant noodle brand Wai Wai, which has become a household name. According to Forbes, Chaudhary's net worth stands at $1.8 billion. In comparison to global billionaires like Elon Musk, with a net worth of $247 billion, or India's Mukesh Ambani with $107.1 billion, Chaudhary's wealth is much less but he is still Nepal's only billionaire. What was Chaudhary's dream? Binod Chaudhary dreamt of making a career in accounting and planned to study Chartered Accountancy (CA) in India. However, when his father fell ill, the responsibility of managing the family business fell on his shoulders, setting him on the path of entrepreneurship. When did Binod Chaudhary get his business idea? Binod Chaudhary, born into a business-oriented family in Kathmandu, showed an early interest in entrepreneurship and took inspiration from legendary figures like JRD Tata. His hard work enabled him to turn even the simplest ideas into big achievements. One such idea was born during a trip to Thailand where Chaudhary noticed the widespread popularity of instant noodles. This changed his life and he introduced Wai Wai noodles in Nepal, and soon after, the brand made its way to India and other international markets. Despite Maggi's dominance in India, Wai Wai carved out its own niche, thanks to its unique flavour, variety, and quick-cooking style. What has been his business journey like? While Wai Wai is Chaudhary's flagship product, his is running several other businesses. He has partnered with National Panasonic and introduced Suzuki cars to the Nepalese market. He is always searching for new opportunities. He founded the Cinnovation Group in Singapore in 1990, and by 1995, he gained a controlling stake in Nepal's Nabil Bank, further strengthening his financial standing. Who are his ideals? Chaudhary credits his grandfather and father as inspirations. He is a fan of Bollywood icons Amitabh Bachchan and Ranbir Kapoor. He admires Nelson Mandela, the former president of South Africa, for bringing freedom to that country, and businessman JRD Tata, for building a company of rare distinction.
Forbes
27-06-2025
- Business
- Forbes
Philippine Billionaire Andrew Tan's Megaworld Deepens Tourism Bet With $113 Million Project
Megaworld's latest resort project is located in the coastal town of Nasugbu in Batangas, south of ... More Manila. Megaworld—the property arm of billionaire Andrew Tan's Alliance Global—is doubling down on its tourism bet by developing a leisure complex in Batangas province, south of Manila. Dubbed Nascala Coast, Megaworld said it will invest 5 billion pesos ($113 million) over the next five years to transform the 116-hectare beachfront property into an integrated residential, leisure, tourism and commercial township. Nestled in the coastal town of Nasugbu, which is famous for its scenic beaches and mountains, is a popular tourism and leisure destination for those seeking outdoor adventures given its proximity to Manila, about 88 kilometers away. 'More than just a destination, Nascala Coast is envisioned as a thriving coastal address where tourists can enjoy the best of nature and generations of families can flourish,' Monica T. Salomon, president of Global Estate Resorts Inc, a unit of Megaworld, said in a statement. Nascala Coast will be Megaworld's 36th township and its fourth in Batangas. Among its leisure estates in the province are the 1,200-hectare Twin Lakes Vineyard township that overlooks the Taal Lake and Volcano, the 25-hectare San Benito Private Estate, a $208 million luxury wellness and spa themed themed township it's building with Nepalese billionaire Binod Chaudhary in Lipa City, and the Lialto Beach and Golf Estates, a 150-hectare beachside and highland property in the town of Lian. Two-thirds of Megaworld's 36 townships are located in areas outside of Metro Manila that are tourist attractions such as Bacolod, Boracay, Cebu and Ilocos. Out of its 59 billion peso investment budget this year, Alliance Global will use 55 billion pesos for projects that include hotels, townships, offices, malls, convention centers and residential towers. To bolster its position as one of the country's biggest hospitality groups, Megaworld earlier this week partnered with French hotel chain Accor to rebrand its Belmont Hotel Mactan in central Philippines into Mercure Mactan Cebu. Megaworld has seven home-grown hotel brands with 13 properties and 7,000 rooms. It plans to open seven more hotels in three years and bring its hotel room portfolio to 9,000. Apart from Megaworld, Tan's interests include distiller Emperador, the world's biggest brandy maker; the Philippine franchisee of McDonald's and a casino resort. Tan has a net worth of about $2.4 billion, the fourth-richest Philippine tycoon, according to Forbes' real-time data.
Forbes
23-05-2025
- Business
- Forbes
Nepalese Billionaire Binod Chaudhary Deepens Marriott Partnership With Indian Hotels Venture
CG Hospitality—controlled by Nepalese billionaire Binod Chaudhary—is collaborating with Marriott International to expand its presence across India as it seeks to tap into the tourism boom across the country. Under the deal announced late Thursday, Marriott and CG Hospitality's Concept Hospitality, the hotel management company behind The Fern chain of hotels, have agreed to develop 380 new hotels and resorts across India over the next five years. The Fern currently operates over 120 properties in the country. 'With this partnership, we're aiming to grow The Fern to 500 hotels by 2030, potentially making it the largest brand in its segment in India, while expanding CG Hospitality's global footprint to 650 hotels,' said Rahul Chaudhary, managing director & CEO of CG Corp Global and CG Hospitality. The deal, which includes a reported $15 million investment by Marriott into Concept Hospitality, also marks the global debut of Marriott's new midscale and upscale lodging brand, Series by Marriott. The Fern's portfolio will also complement Marriott's existing 158 properties that it manages in India under various brands. 'This deal will significantly strengthen Marriott's leadership in India, a key growth market,' said Anthony Capuano, president and CEO of Marriott International. Marriott expects India to become its third-largest market after the U.S. and China within the next few years, up from fifth place currently. Chaudhary's CG Hospitality currently manages 195 hotels, resorts, and wellness destinations across 12 countries through brands such as Taj, Taj Safari, and Vivanta. The company also recently agreed to include The Farm at San Benito in Batangas, south of Manila, as part of Marriott's Autograph Collection. The 70-hectare rebranded luxury wellness resort aims to open in the third quarter of this year. Chaudhary also wants to replicate the wellness resort concept in India. Besides his interest in hotels, Chaudhary also holds stakes in Nepal-based privately owned Nabil Bank and CG Foods, maker of Wai Wai instant noodles. With a net worth of $2 billion, Chaudhary is Nepal's sole billionaire.
