How Rich is Binod Chaudhary? Nepal's First Billionaire
Binod Chaudhary’s Net Worth in 2024
According to Forbes' Billionaire List 2024, Binod Chaudhary has an estimated net worth of $1.8 billion (approximately Rs. 240 billion), ranking 1,764th among the world’s richest individuals (MyRepublica).
His wealth primarily comes from CG Corp Global, a multinational conglomerate operating across 32 countries, with over 202 companies and 261 brands spanning diverse industries (CG Corp Global).
The Success Behind His Wealth
- Wai Wai Noodles – The Game Changer
Binod Chaudhary’s biggest success story is Wai Wai noodles, Nepal’s most famous instant noodle brand. The brand expanded globally, making it a household name in countries like India, Thailand, and the United States. Wai Wai’s massive popularity significantly contributed to his billionaire status.
- Diverse Business Empire
Apart from Wai Wai, CG Corp Global operates in various sectors, including:
- Hospitality: Over 100 luxury hotels and resorts worldwide, including partnerships with Taj Hotels and Radisson.
- Banking & Finance: Significant investments in Nepal’s Nabil Bank and other financial institutions.
- Real Estate & Construction: Develops commercial and residential projects in Nepal, Dubai, and the Maldives.
- Energy & Infrastructure: Involvement in hydropower projects in Nepal.
- Expanding Beyond Nepal
Chaudhary’s international business expansion played a crucial role in his growing wealth. His ability to invest strategically in global markets helped CG Corp establish itself as a leading business group.
Philanthropy & Contributions to Nepal
Beyond business, Binod Chaudhary is deeply involved in philanthropy. Through the Chaudhary Foundation, he has contributed to various social causes, including:
- Post-earthquake reconstruction: Built over 3,000 homes and 100 schools after the 2015 Nepal earthquake.
- Education & Healthcare: Supports several schools, hospitals, and skill-development programs in Nepal.
How Long Would It Take to Spend Binod Chaudhary’s Money?
To put Binod Chaudhary’s wealth into perspective, let’s break it down:
- Spending $1 Million a Day: If you spent $1 million every single day, it would take you almost 5 years to spend his $1.8 billion fortune.
- Spending $100,000 a Day: At this rate, you would need 50 years to deplete his entire wealth.
- Spending $100,000 an Hour: Even at an extravagant $100,000 per hour, it would still take you around 2 years to spend it all.
Your Money vs Binod Chaudhary’s Money: If someone earning Rs. 1 million (10 lakh) per year saved every rupee without spending anything, it would take them 240,000 years to match Binod Chaudhary’s net worth.
Even if you won Rs. 10 million (1 crore) in a lottery every month, it would still take 2,000 years to reach $1.8 billion. That’s an unimaginably long time!
Binod Chaudhary’s journey from a small family business in Nepal to becoming a global billionaire is an inspiration. His ability to innovate, expand, and invest in diverse industries has made him Nepal’s richest and most influential businessman.
As Nepal’s only billionaire, his success is a testament to Nepalese entrepreneurship on the global stage.
Frequently Asked Questions (FAQs)
What is Binod Chaudhary’s net worth?
As of 2024, Binod Chaudhary has a net worth of $1.8 billion.
How did he get rich?
His wealth primarily comes from Wai Wai noodles and investments in hospitality, banking, and real estate.
Is Binod Chaudhary Nepal’s richest person?
Yes, he is Nepal’s only billionaire and the richest person in the country.
What businesses does CG Corp Global own?
CG Corp operates in food & beverages, hospitality, banking, real estate, and energy across 30 countries.
Is Binod Chaudhary involved in philanthropy?
Yes, he has donated millions for education, healthcare, and disaster relief in Nepal.