Kathmandu: Mukesh Ambani is the richest man in India, followed by other billionaires. India is home to several wealthy individuals contributing to the economy. But do you know who the richest person in Nepal is?
Binod Chaudhary is Nepal’s only billionaire. He started his business at a small level, but today, his products are sold in many countries, including India.
Chaudhary’s net worth is much lower than that of Mukesh Ambani, Gautam Adani, and Ratan Tata. However, his achievements are remarkable.
Who Is Binod Chaudhary?
Binod Chaudhary was born in Kathmandu in a Marwari family. His grandfather started a textile business in India, which his father later expanded. Chaudhary was inspired by Bollywood actor Amitabh Bachchan and learned business strategies from JRD Tata.
Biggest Success Story
Chaudhary’s biggest success comes from Wai Wai instant noodles. On a visit to Thailand, he saw the popularity of instant noodles. This inspired him to start his own brand in Nepal.
After launching Wai Wai Noodles, the product became a household favorite in Nepal and later gained popularity in India and other countries.
Other Businesses
Chaudhary expanded his business by partnering with National Panasonic and attempted to introduce Suzuki cars in Nepal. He initially planned to study Chartered Accountancy (CA) in India but chose to manage his family business when his father faced health issues.
In 1995, he acquired a controlling stake in the Dubai government’s Nabil Bank, strengthening his business empire.
Social Work and Contributions
Apart from business, Chaudhary is active in social work and politics. During the 2015 Nepal earthquake, he donated Rs 20 crore to rebuild schools and houses. He also provided 500,000 packets of Wai Wai noodles, juice cartons, and other essential supplies to affected people.
Although Binod Chaudhary’s wealth is not on par with India’s top industrialists, his journey is inspiring. His success shows that perseverance, hard work, and a strategic mindset can lead to great achievements. He continues to be active in social service initiatives and business growth.
