Billionaire Chaudhary climbs 159 positions on Forbes list

Billionaire Chaudhary climbs 159 positions on Forbes list

Chaudhary Group President Binod Chaudhary who made his debut in the Forbes billionaire list in 2013 saw his fortune increase by US$ 200 million last year.

Forbes has valued Chaudhary’s net worth at US$ 1.3 billion, up from US$ 1.1 billion last year. The magazine, on its list of the world’s wealthiest people, has ranked Chaudhary in the 1306th position from his previous position of 1,465.

Chaudhary’s conglomerate Cinnovation/CG Group’s assets include a controlling stake in Nabil Bank, a fast-growing foods business best known for the instant noodles brand Wai Wai and a string of hotels in Asia, and more recently in Africa, where in a joint venture with Uganda’s Mukwano Group, he is building hotels in Uganda and Rwanda.

Chaudhary’s three sons, Nirvaan, Rahul and Barun accompany the 59 year old businessman with the family business.

Meanwhlile, Microsoft Co-founder Bill Gates has been ranked first in the Forbes list of the world’s wealthiest people.

Source: eKantipur