• Saturday 24th August 2019

Binod Chaudhary Nepal’s only billionaire

  • Published on: March 13, 2019

  • By Our Reporter

    Binod Chaudhary at his office in Kathmandu.

    The net-worth of Nepal’s only Forbes-listed billionaire, Binod Chaudhary, has jumped US$200 million in the last one year, according to the Forbes’ Billionaire List 2019 published last week.
    The chairman of Chaudhary Group (CG) has assets of $1.7 billion today, the Forbes magazine stated. The valuation of his assets stood at $1.5 billion in 2018. With this increment in net-worth, Chaudhary has become the world’s 1349th richest person.
    Chaudhary made debut in the Forbes’ billionaire list in 2013. His family owns CG, which is involved in businesses ranging from food and electronics to beers and hotels. He also has a majority stake in Nabil Bank. CG Foods, the maker of the popular Wai Wai noodles, has factories in India, Serbia, Saudi Arabia and Bangladesh. According to Forbes, CG’s hotel assets consist of 29 owned and 70 managed properties, including a string of luxury hotels with India’s Taj hotel chain.
    Meanwhile, the Chaudhary Group has stated that different companies affiliated with the Group has paid royalty worth 9 billion 670 million rupees to the Nepal government in the fiscal year 2074/75 BS.


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