#1465 Binod Chaudhary & family Source Forbes ,. Net Worth $1.1 Billion As of March 2014 Follow (24) Age 58 Source Of Wealth diversified Residence Kathmandu, Nepal Citizenship Nepal Marital Status Married Children 3 Binod Chaudhary & family on Forbes Lists #1465 Billionaires #1 in Nepal #1342 in 2013 After debuting on the Forbes billionaire ranks last year, Binod Chaudhary who built most of his fortune overseas, remains Nepals only billionaire. His conglomerate, the Cinnovation/CG Groups assets include a controlling stake in Nepals Nabil Bank, a fast growing foods business best known for instant noodle brand Wai Wai and a string of hotels in Asia and more recently, in Africa where in a joint venture with Ugandas Mukwano group hes building hotels in Uganda, Rwanda and Burundi. Last year, CG diversified into telecom when it bought out ST Telecom, a rural telecom operator. Chaudhary, who never went to college, joined the familys textile trading business four decades ago and went on to expand his inheritance overseas. His three sons work with him; the eldest Nirvaan oversees interests in Nepal while Rahul and Varun are stationed abroad.
Posted on: Tue, 04 Mar 2014 16:59:12 +0000