Binod Chaudhary enlisted in Forbes' global billionaires list
RUPAK D SHARMA
KATHMANDU, March 4: Binod Chaudhary has become the first Nepali to be enrolled in Forbes’ global billionaires list, with net worth said to be at US$1 billion.
Fifty-seven-year-old Chaudhary, who skipped college to join family business at the age of 18, is listed as 1,342nd richest person in the world and has been termed as the richest person in Nepal by Forbes, an American business magazine which publishes billionaires’ list every year.
Chaudhary shares his global billionaire ranking with 84 other individuals who have also been ranked 1,342nd richest people on the Earth.
“Chaudhary is Nepal´s first billionaire but built most of his fortune overseas,” the Forbes said on its website. “His Cinnovation/Chaudhary Group, owns among much else, popular instant noodle brand Wai Wai, a controlling stake in Nepal´s Nabil Bank and a string of luxury hotels with India´s Taj hotel chain.”
In a twitter update, Chaudhary said it was a “rare honor and recognition for a non-Indian South Asian”.
“We (are) humbled (and) take this as an honor for Nepal. Nepal will now be known in global corporate sector,” twitted Chaudhary, who recently published his biography.