Meet Nepal’s wealthiest individual bear in mind that he owes his thriving empire to a product reaching every corner of India, his estimated net worth stands at Rs 150 billion; his source of income is

With a staggering net worth of USD 247 billion, Elon Musk holds his place at the number one spot on the list of the wealthiest people in the world. Mukesh Ambani however seems to come to the associated list, being the richest in the Indian subcontinent, with a net worth of USD 107.1 billion as per Forbes. Following Ambani, Gautam Adani is also a part of this list, holding a net worth of USD 78 billion. What’s most surprising? The only billionaire in Nepal, Binod Chaudhary also appears on the list with a net worth of USD 1.8 billion.

The business tycoon that he is, Binod Chaudhary is especially known to have founded Wai Wai, Southeast Asia’s most popular instant noodle brand which served tough competition to well known names like Maggi in India. According to Forbes, Chaudhary’s estimated net worth is at Rs. 15,000 crore which closely defines USD 1.8 billion. It won’t be a lie to state that Binod Chaudhary is a prominent personality in the country, with the great milestones he has achieved and the contributions he has made to the economy of Nepal.

Motivated by J.R.D. Tata

Having been introduced to the world of business from a young age in a Marwari family in Kathmandu, Binod Chaudhary had plenty of inspiration. Histories of Cross-border migration resonate within his family which has a legacy of prospering businesses of textiles and construction, branched out by his grandfather and father respectively. The praises he had for Amitabh Bachchan, Indian bollywood star, hand in hand with the plentiful admiration he had for J. R. D Tata and Ratan Tana’s remarkable entrepreneurship spurred his motivation even further.

Chaudiary wishes to build his noodles empire after experiencing the quick noodles craze in Thailand. He wished to transform Nepal into an epicenter for his great cuisine in the form of Wai Wai instant noodles. The enterprise grew in popularity and boom due to its enticing taste, vast variety as well as quick and effortless preparation and accordingly circling out the Indian market Maggi’s dominance. The combination of rapid marketing Xiang wa waai succeeded in putting a stamp around Nepal as one of its culinary hubs.

Binod Chaudhary Noodles 

Binod Chaudhary may be most widely recognized because of the Wai Wai noodle brand, but he wasn’t someone to stop at this single business opportunity. He collaborated with National Panasonic and took steps to plant Suzuki motor vehicles in the territory of Nepal. He managed to reach success in multiple sectors due to his creative approach and never-ending quest for new avenues.

Later, in 1990, he set up the Sinovation Group in Singapore. Thereafter, in 1995 with support and backing from the Dubai government, he managed to gain controlling interest in Nepal Nabil Bank.

As reported by Forbes, the Chaudhary Group also developed and owns a total of 143 properties around the world such as Taj Hotels in India. Numerous online news reports have mentioned about the deal signed between Tata Group’s Indian Hotels Company Ltd (IHCL) and Chaudhary Group to operate the Taj Jumeirah Lakes Towers Dubai in 2019. Remarkably, the hotel received the award of the Favourite New Hotel the subsequent year during the Condé Nast traveller Middle East readers’ Choice Awards.

Chaudhary's initial goal was to eventually earn a Chartered Accountancy (CA) due to possessing an interest in accounting. However, his father falling ill forced him to set those plans aside to shoulder their family responsibilities. Regardless of this, he shifted the course direction of their family company and propelled it to new heights.  But However, In his  class 12 he did get into an accounting CA course in Singapore which he passed. Speaking in an interview, he states that he believes he started a little too late in the field of accounting due to the family issues we faced but still excelled. 

Nepal suffered a catastrophic natural disaster of an earthquake in 2015 which resulted in Binod Chaudhary turning into a philanthropist pouring in a large sum of over 20 crores towards the rebuilding of homes and schools that have been affected directly by the earthquake. In addition he also assisted supplying necessary items such as juice boxes and samenoodles. All this is evidence that holds true to his statement of him believing in giving back to people as he did use his resources whenever he was faced with a disaster.