This story hails of a boy from the Himalayas, from a Marwari family in Kathmandu. He aspired to become a chartered accountant, but his father’s illness forced him to return home, ending his studies.
While this seemed like a major setback to his career, it marked the beginning of a journey filled with ambition and risk, eventually making him Nepal’s first billionaire and a global business icon. His story is a powerful inspiration for young entrepreneurs everywhere, showing how determination, vision, and resilience can turn challenges into opportunities and create a lasting impact.
Nepal’s Richest Man’s Connection with Media
Binod Chaudhary was born in Kathmandu. His father migrated to Nepal, laying the foundation of the family’s business legacy, which eventually grew into one of the nation’s most powerful empires. His grandfather established the base of the family business, while his father created history by opening Nepal’s first departmental store, offering a modern retail experience that was previously unheard of in the country.
After leaving his CA studies, Chaudhary stepped into the business earlier than anticipated. In the year 1973, Binod took on his first major challenge by entering a new market and opening Nepal’s most famous disco. The vibrant hotspot quickly became popular among the youth, showcasing his ability to understand markets and create entertainment-driven opportunities.
The Birth of the World-Famous Wai Wai Noodles
In the year 1984, Binod Chaudhary launched the now-iconic Wai Wai noodles brand. It soon became a household name in Nepal and India, especially beloved in North and Northeast India, where young people and adults alike developed a taste for the snack. Over time, the business conglomerate expanded to include 136 companies across diverse industries.
Over the years, his brand forged relationships with global companies such as Suzuki and Panasonic. Chaudhary strengthened his group’s presence while successfully diversifying into new markets.
Stake in Nabil Bank
In 1995, Chaudhary made a bold financial move by acquiring a controlling stake in Nabil Bank from the Dubai government. The acquisition turned the bank into Nepal’s leading financial institution and cemented his reputation as a visionary businessman.
Nepal’s Richest Man with Hotels Across Borders
Chaudhary’s foray into hospitality became one of his most profitable ventures, with the CG Group running 143 hotels worldwide. His collaboration with Taj Hotels brought luxury stays to Nepal, India, and Sri Lanka, further establishing his dominance in the regional hospitality and tourism sector.
Forbes has estimated Chaudhary’s wealth at USD 2 billion—a remarkable feat for a businessman from Nepal. A Bollywood enthusiast and admirer of Amitabh Bachchan, he says he drew inspiration from JRD Tata’s business vision and Nelson Mandela’s leadership values.
