Binod Chaudhary
Overview
- Source of Wealth
- Diversified
- Industry
- Diversified
- Residence
- Kathmandu
- Marital Status
- Married
- Children
- 3
Biography
Binod Chaudhary controls CG Corp Global and is Nepal's sole billionaire.
His biggest assets are a controlling stake in Nepal's Nabil Bank and CG Foods, maker of the popular Wai Wai noodles.
Wai Wai has overseas factories in India, Serbia and Bangladesh with a new one being constructed in Egypt. It plans to launch a range of sauces.
CG's hotel assets consist of 143 owned and 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. Nirvana and Rahul are managing directors of the group.
About
His late father opened Nepal's first department store.
Chaudhary is a member of parliament representing the Nepali Congress.
He is often referred to as the ?Noodle King? because of the popular brand of Wai Wai noodles that he founded.
His grandfather was originally from the northern Indian state of Rajasthan. He migrated to Nepal and started a textile business.