Binod Chaudhary who controls the Cinnovation/CG Group, built most of his fortune overseas and is Nepal's sole billionaire. His biggest asset is a controlling stake in Nepal's Nabil Bank, but CG's better known brands are its Wai Wai instant noodles and Nepal Ice beer. These days Chaudhary, whose family hails from India, is busy expanding his portfolio of hotels, which includes a long-standing joint venture with the Taj hotels chain. The group recently acquired a 51% stake in India's Fern hotel chain and is building new hotels there as well as in Africa and Dubai. Back in Nepal, Chaudhary's recent investments include telecom and hydropower. His three sons work with him; the recent wedding of his second son Rahul, which was celebrated in Jaipur, was a 3-day extravaganza that drew 1,000 guests.
Binod Chaudhary & family on Forbes Lists
- #1415 Billionaires (2015)
- #1 in Nepal
- #1465 in 2014
- source : forbes
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