Meet Nepal's only billionaire, owns 136 companies, net worth is Rs 154384785180; no match for Mukesh Ambani, Adani, his business is...
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
6 hours ago
- Time of India
'As the only Indian-America megadonor to Republican Party': Venture capitalist says she can help New Delhi with what's going on in Trump's mind
Indian-American megadonor to Republican Party comments on tariff war. Indian-origin American venture capitalist Asha Jadeja Motwani said as the only Indian-American megadonor to the Republican Party, she has somewhat of an idea of what's going on in President Donald Trump 's mind -- on the tariff front. Motwani said she may not be accurate but she would be close. "The only Indian American megadonor to the Republican Party is me. I strongly recommend that the Indian side reach out to me for my opinion on what's going on in Trump's mind. I may not be accurate, but I will be close," the Indian-American entrepreneur, investor posted on X. In an appeal to President Trump, the investor said all other Asian countries that the US struck a deal with have also got deals with China and the EU, except India. India's massive market is available to the US solely, and India is also a peace-builder between Russia and Ukraine. "We must pull all stops and support its actions as a peacemaker. Everything else is noise right need to connect with prime Minister Modi and make sure that he has no domestic pressure to make any move towards China. He has been a steadfast friend of the United States… the time to act is now," Motwani wrote. Motwani added that maybe she will thank Trump on behalf of India for the US's role in the India-Pakistan tension. "After President Trump brokered a peace deal between Armenia and Azerbaijan today and the way he sat between both the leaders and held their hands tells me that peace is close to his heart. This is one thing that he means genuinely. If he gets a Nobel prize for this, more power to him. He's working tirelessly even on the Russia and Ukraine peace," Motwani added, noting that Trump authorized both JD Vance and Marco Rubio to call both India and Pakistan.
India Today
a day ago
- India Today
No decision to scrap India-US defence deals after Trump tariffs: Sources
Days after US President Donald Trump doubled India's tariffs to 50 per cent, sources told India Today TV that no decision has been taken to cancel defence deals with Washington, DC, and that the status quo on defence procurement has been supplies from the US continue to flow into the country under existing contracts, and sources added that talks on follow-up orders will continue.A senior Defence Ministry official told India Today TV that the Reuters story on India pausing defence purchases from the US is "false and fabricated."A Reuters report earlier claimed that India had planned to send Defence Minister Rajnath Singh to Washington, DC, last week. However, government sources have dismissed the claim, stating that there was no formal confirmation of Rajnath Singh's visit to the had been planning to send Defence Minister Rajnath Singh to Washington in the coming weeks for an announcement on some of the purchases, but that trip has been cancelled, two of the people in an exclusive conversation with India Today TV, senior vice-president of IG Drones, retired Major General Padhi, downplayed the direct impact on defence relations between New Delhi and Washington, DC, but flagged concerns over a potential trust deficit between the two strategic further noted that India and the United States share close to 20 defence agreements and are engaged in a broad spectrum of military cooperation. 'India has been a key buyer of US-origin platforms like the Apaches, Chinooks, P-8I aircraft, and MQ-9 drones. We are also awaiting GE engines for the Tejas Mk1A fighters. None of these ongoing or upcoming deals are expected to be affected by Trump's tariff move,' he said, adding that strategic interests continue to bind the two nations.- EndsMust Watch
The Wire
a day ago
- The Wire
Charting a New Economic Chapter: Hinduja Family Engages with Paraguay's Vision
Paraguay President Santiago Peña met Hinduja family members (Prakash Hinduja, Ajay Hinduja and Ashok Hinduja) for an economic partnership The Hinduja Group is noted as a global powerhouse with a vast portfolio spanning from banking to automotive manufacturing with an influence extending across continents. A recent meeting with President Santiago Peña underscored their ongoing efforts to expand their international partnerships. The meeting was focused mainly on key growth sectors including energy, automation and technology for integration with Paraguay's long-term development objectives. Representing the Group at the meeting were Prakash Hinduja, Chairman of Hinduja Group Europe; Ashok P. Hinduja, Chairman of Hinduja Group of Companies (India); and Ajay Hinduja, a prominent member of the promoter family and son of Prakash Hinduja. The engagement was hosted by the Hinduja Family at The OWO in London, the restored Old War Office building. It is noted as a landmark development by the Hinduja Family, bringing together the Raffles London hotel and exclusive residences. President Santiago Peña described the meeting as a move in a right direction for Paraguay's mission to attract high-value global investments. Reflecting on the meeting, President Peña said, 'I held a meeting with the principal shareholders of the Hinduja Group, the largest business conglomerate in India. We discussed the great opportunities that Paraguay offers in sectors such as energy, technology, and automation. With a presence in India, Europe, Asia, and the Americas, expressed strong interest in our country. I am convinced that we will continue to attract investments that generate jobs, development, and more opportunities for all Paraguayans.' This interaction with the Paraguayan leader reflects the awareness of the evolving nature of the nation and how Hindujas are interested in playing a key role in the economic landscape of Latin America. With their footprint in multiple continents, the Hinduja Family has set a larger pattern of Indian-origin business in establishing subsidiaries in new and lesser explored markets. The Hinduja Family may lead to other Indian interests in Paraguay going forward. 'Paraguay has a great potential when it comes to developments as per the global trends in sustainability and technology. We look forward to working together to establish new value chains across Latin America,' says Prakash Hinduja. 'The Hinduja Group has always invested in emerging opportunities that contribute to national development,' said Prakash Hinduja. 'Paraguay's vision and has inspired us, and we are excited about the future possibilities.' Ajay Hinduja, representing the next generation of leadership within the Group, also highlighted, 'Our family has always believed in creating long-term relationships with mutual growth. Paraguay offers adequate opportunities to invest in both people and ideas.' The Hinduja Group's interaction with President Peña highlights how family-owned organisations around the world can influence the international investment flows. Partnerships with large businesses like the Hindujas will have a lasting effect on Paraguay's economy. This meeting between President Peña and the Hinduja Group will help both sides to strengthen the economic ties, foster innovation and create a common path for sustainable development. On one hand, Paraguay can display the opportunities, it has to offer, to all the future investors and on the other hand, Hinduja Group can create an international vision guided by their generational commitments, while making a local impact. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR
