Meet Nepal’s richest man, whose product is popular across India, has net worth of Rs 150000000000, his business is…

Born into a Marwari family  in Kathmandu, this man was naturally inclined toward entrepreneurship. His journey was shaped by the legacy of his grandfather, who migrated from India to Nepal and built a successful textile business.

Elon Musk is the richest person in the world, with a total wealth of USD 247 billion. In India, Reliance Chairman and Managing Director Mukesh Ambani holds the title of the richest person, with a net worth of USD 107.1 billion, according to Forbes. Gautam Adani follows with a net worth of USD 78 billion. Interestingly, Nepal’s richest man and the country’s only billionaire, Binod Chaudhary, also features on this list, with a net worth of USD 1.8 billion.

Binod Chaudhary is best known as the founder of the popular instant noodle brand Wai Wai, which has given tough competition to big names like Maggi in India. According to Forbes, his total wealth is estimated at over Rs. 15,000 crore (approximately USD 1.8 billion). Binod Chaudhary’s achievements and contributions to Nepal’s economy are remarkable, making him a prominent figure in the country.

Inspired by J.R.D. Tata

The turning point in Chaudhary’s life came during a trip to Thailand, where he observed the immense popularity of instant noodles. This experience sparked an idea, and he launched Wai Wai noodles in Nepal. The brand quickly gained fame, not just in Nepal but also in India and other countries. Despite Maggi’s dominance in India, Wai Wai carved out a distinct identity with its unique taste, variety, and quick cooking style, making it a favorite among consumers.

Binod Chaudhary’s business ventures

While Binod Chaudhary is best known for the Wai Wai noodle brand, he didn’t limit himself to this one venture. He partnered with National Panasonic and worked to introduce Suzuki cars to the Nepali market. His innovative mindset and constant search for new opportunities helped him achieve success across various industries.

In 1990, Chaudhary established the Sinovation Group in Singapore. Later, in 1995, he acquired a controlling stake in Nepal’s Nabil Bank with the support of the Dubai government.

According to Forbes, the Chaudhary Group also owns and manages 143 luxurious properties, including luxury hotels with India’s Taj hotel chain. According to various online reports, the Chaudhary Group signed a deal with Tata Group’s Indian Hotels Company Ltd (IHCL) to manage the Taj Jumeirah Lakes Towers in Dubai in 2019. Notably, the hotel won the Favourite New Hotel award at the Condé Nast Traveller Middle East Readers’ Choice Awards the very next year.

Aspiration to study in India

Chaudhary initially aspired to pursue Chartered Accountancy (CA) in India due to his interest in accounting. However, his plans were interrupted by his father’s ill health, which forced him to take on family responsibilities. Despite this, he transformed his family business and took it to new heights.

Humanitarian efforts during Nepal earthquake

Binod Chaudhary is not only a successful businessman but also a philanthropist. After the devastating 2015 earthquake in Nepal, he contributed significantly to relief efforts. He donated over Rs. 20 crore for rebuilding homes and schools in affected areas. Additionally, he provided essential supplies like juice boxes and Wai Wai noodle packs to those in need. Chaudhary believes in giving back to society, and his actions during the disaster stand as a testament to this principle