The India Link Behind Nepals Only Billionaire

Business Business

Posted by AI on 2025-09-12 17:14:01 | Last Updated by AI on 2025-09-12 19:14:19

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Ever wondered what led to Binod Chaudhary's success and what factors contributed to the sole billionaire status in Nepal? With a net worth of $1.8 billion, Binod Chaudhary is Nepal's sole billionaire, as per the Forbes' 38th Annual List of the World's Richest People.

Chaudhary's company, CG Group, is one of the largest conglomerates in Nepal and has interests in various sectors, including retail, hospitality, and manufacturing. As per the Forbes report, Chaudhary's wealth comes primarily from his stake in the CG Foods-owned Wai Wai noodles, which are quite popular in Nepal and sell at a cheap price.CG Foods is a subsidiary of the CG Group, which was founded by Chaudhary's father, the late Bhuramoni Chaudhary, nearly a century ago in 1933.

The India connection in Chaudhary's success story can be traced back to his father's business origins. Bhuramoni Chaudhary belonged to a family of Indian immigrants in Nepal who initially worked as a trader in lentils and grains in the Dhangadhi district of far-western Nepal, which borders India. After Nepal's 2015 economic crisis, Chaudhary expanded his business to India, specifically in the northern state of Uttarakhand, where he set up a noodle factory.

Today, Chaudhary is an influential businessman with a diverse portfolio of domestic and international investments. His success serves as an inspiration for aspiring entrepreneurs in Nepal and showcases the potential for growth and innovation in the country.

The road to becoming a billionaire isn't easy, but Binod Chaudhary's story demonstrates that perseverance, adaptability, and a strong work ethic can lead to remarkable achievements and contribute to a nation's economy.

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