Binod Chaudhary becomes World’s 1349th richest person
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 today.
The chairman of Chaudhary Group (CG) has assets of $1.7 billion today, according to the Forbes magazine. 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.
Chaudhary Group, a conglomerate of close to 80 companies has interests in banking, foods, cement, real estate, hotels, power, retail, electronics and telecom.
Binod Chaudhary on Forbes List
Ranks – #1349 Billionaires 2019
Net Worth – $1.7B
Age – 63
Source of Wealth – Diversified
Residence – Kathmandu, Nepal
- Binod Chaudhary controls CG Corp Global and is Nepal’s sole billionaire.
- His biggest asset is a controlling stake in Nepal’s Nabil Bank, but CG’s portfolio also includes foods, electronics, beer and hotels.
- Chaudhary’s CG Foods, maker of the popular Wai Wai noodles, has overseas factories in India, Serbia, Saudia Arabia and Bangladesh.
- CG’s hotel assets consist of 29 owned and 70 managed properties, including a string of luxury hotels with India’s Taj hotel chain.
- His sons Nirvana in Nepal and Rahul and Varun, who live overseas, help him run the group.