#1342 Forbes Billionaires is from Nepal

 
Binod Chaudhary & family

Binod Chaudhary & family

Net Worth

 

$1 B As of March 2013
 
At a Glance
  • Age: 57
  • Source of Wealth: diversified
  • Country of Citizenship: Nepal
  • Marital Status: Married
  • Children: 3
Forbes Lists
 Binod Chaudhary is Nepal’s first billionaire but built most of his fortune overseas. His Cinnovation/Chaudhary Group, owns among much else, popular instant noodle brand Wai Wai, a controlling stake in Nepal’s Nabil Bank and a string of luxury hotels with India’s Taj hotel chain. His grandfather, a textile trader, migrated from Rajasthan and started supplying goods to the erstwhile rulers. His father opened country’s first department store. Binod skipped college to join the family trade at age 18. Singapore arm Cinnovation and other overseas interests are managed by sons Rahul and Varun, both non-residents. Eldest son Nirvana, overseas domestic businesses. A fitness fanatic, Chaudhary goes trekking in the Himalayas every year.
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