Notably, Chaudhary’s net worth is much lower than that of Mukesh Ambani, Gautam Adani, and Ratan Tata, but if we talk about his achievements, they are remarkable.
We all know that Reliance Industries chairman Mukesh Ambani is the richest man in India, followed by other billionaires. India is also home to several other billionaires, contributing to the country’s economy. But do you know who the richest person in the neighboring country, Nepal, is? The person’s name is Binod Chaudhary, and interestingly, he is the only billionaire in the country. He started his business at a very small level, but the product he now makes is sold not only in Nepal but on every street in India.
Notably, Chaudhary’s net worth is much lower than that of Mukesh Ambani, Gautam Adani, and Ratan Tata, but if we talk about his achievements, they are remarkable.
Notably, Chaudhary’s net worth is very less than that of Mukesh Ambani, Gautam Adani and Ratan Tata, but if we talk about his achievements its great. Lets know about Binod Chaudhary.
Who Is Binod Chaudhary?
Binod Chaudhary was born in Kathmandu in a Marwari family. His grandfather came to India, started textile business and achieved good success in it. Later his father took over the business and expanded it into manufacturing and other sectors. Notably, Chaudhary was a big fan of Bollywood actor Amitabh Bachchan. He also learned a lot from JRD Tata.
Biggest Success Story
The biggest success story of Binod Chaudhary starts from Wai Wai instant noodles. When he visited Thailand, he saw the craze for instant noodles among the people. There, he decided to start this business in Nepal.
After returning back to Nepal, he launched his brand named – Wai Wai Noodles. The instant noodle was instantly liked by the people of Nepal and became the favourite noodle of every household.
Other Businesses
Choudhary’s entrepreneurial skills extended further as he explored business ventures with National Panasonic and attempted to introduce Suzuki cars to Nepal. Although he initially planned to pursue Chartered Accountancy (CA) studies in India, he chose to prioritize his family business when his father experienced a heart problem. This choice marked the beginning of his journey into the industry, ultimately leading to his success as a businessman.
In 1995, Binod Chaudhary acquired a controlling stake in the Dubai government’s Nabil Bank, which further strengthened his business empire. Apart from business, he is also very active in social work and politics. During the 2015 earthquake, he donated Rs 20 crore to rebuilding schools and houses.
He donated 500,000 packets of Wai Wai noodles, numerous juice cartons, as well as food and water to those affected by the earthquake. Although Binod’s wealth is not on par with that of the country’s major industrialists, his journey is truly motivating. His achievements demonstrate that with perseverance, diligence, and a strategic approach, one can attain significant success. Additionally, he is notably active in social service initiatives.