Binod Chaudhary's Net Worth as of Feb 2024 is
Binod Kumar Chaudhary is a billionaire businessman, politician, and philanthropist in Nepal. He is the chairman and president of the Chaudhary Group.
He was recognized as Nepal’s wealthiest person and only billionaire, having an estimated net worth of $1 billion in February 2013.
Binod Chaudhary has done charity work, book writing, and filmmaking as well. His business focuses on distribution, retail, leisure, and manufacturing.
Binod Chaudhary’s Date of Birth and Age
Binod Kumar Chaudhary was born on 14 April 1955 in Kathmandu, Nepal. He has been celebrating his birthday on the 14th of April every year. Currently, he is 67 years old. Binod holds Nepalese nationality. He follows Hinduism. He was born and raised in Kathmandu.
Binod Chaudhary’s Early Life
Binod Kumar Chaudhary was born into a Marwari family in Kathmandu, Nepal. Bhuramal Das Chaudhary, his grandpa, was an entrepreneur who began a textile business.
His father was also a businessman who helped his grandfather expand his company. Rather than joining the family business, Chaudhary chose to further his education early in his career.
Chaudhary is highly motivated by his grandfather and father. He admires Bollywood superstars Amitabh Bachchan and Ranbir Kapoor.
Binod Chaudhary’s Early Career
Bhuramal Das Chaudhary, his grandfather, immigrated to Nepal from Rajasthan, India, in the nineteenth century.
He started a textile business after arriving at the age of 20. He became the first in Nepal to create a fully recognized garment company a few years later, following the 1934 Nepal–Bihar earthquake.
Lunkaran Das Chaudhary, his father, proceeded to grow the textile business while simultaneously establishing foreign trading houses and a construction firm.
Lunkaran Das Chaudhary created Arun Emporium, a retail store, in 1968, and it was his most successful business venture.
Binod Chaudhary was about to embark on a journey to India to study chartered accountancy when his father was diagnosed with heart illness and told by the doctor that he could no longer handle the family business.
He took over the leadership of the company because he was the family’s eldest son. “My life was changed overnight,” he told The Telegraph. I didn’t have much of a choice. It has, however, made me a harder man.”
Meanwhile, In an interview with the Hong Kong Tatler, he also claimed, “I would have liked to study further but I was forced to complete my duty.”
He brought Japanese Suzuki cars to Nepal at first. “Suzuki did not trust me since I was a young trader,” he once wrote. I managed to persuade them.
They handed me and four other people a trial dealership in Nepal to market Suzuki. The dealership would go to the person who sold the most automobiles in six months.
Lunkaran Das Chaudhary, Chaudhary’s grandfather, formed the Chaudhary Group, a business house. Wai Wai, an instant noodle brand that was launched in Nepal in 1984, quickly became the company’s best-selling product.
“Running that disco taught me a lot about business,” Chaudhary writes, “but it was only when I took over the family business of running Arun Emporium, turning its fortune, and looking after family, that I learned the business.”
Chaudhary got the idea to sell Wai Wai noodles after witnessing a lot of Thai people carrying packages of noodles. He soon discovered that there was a demand for Thai noodles in Nepal.
Binod Chaudhary’s Wife
Binod Chaudhary is married to Sarika Chaudhary for so long. He has not disclosed his exact married date. Information about her wife is still hidden. The couple is blessed with 3 children. Nirvana Chaudhary, Varun Chaudhary, and Rahul Chaudhary.
Binod Chaudhary’s Siblings
Meanwhile, Binod Chaudhary was raised along with his other two brothers. They are Bashant Chaudhary and Arun Chaudhary.
Binod Chaudhary’s Net Worth
Binod Chaudhary is a Nepalese businessman with a $1 billion net worth. Chaudhary is Nepal’s first billionaire, having made the majority of his income abroad. Chaudhary dropped out of college to work for his father, who was the first person in Nepal to operate a department store.
He is presently the President and Managing Director of the Chaudhary Group. It is best known for its Wai Wai instant noodles. He is also well known for the Cinnovation Group, which is Cigen Corporation’s holding company.
Binod is also the majority shareholder of Nabil Bank Limited and a minority shareholder in Tata Group’s Taj Hotels Resorts and Palaces in India. With three boys, Chaudhary parted some responsibilities to his sons.
Binod Chaudhary’s Social Media handles
Binod Chaudhary is active on his social media handles like Twitter, Instagram, Facebook, and others. He has 25.2k followers on his Instagram with 187 posts on it.
Billionaire Binod keeps on posting his work. He even has posted a photo of Nirmal Purja saying ” Our hero @nimsdai (Nims) 14 peaks fame is making #Nepal proud in everything he does!”. He has 345.7 k followers on his Twitter. Binod keeps on posting about his life through social sites.