President of the Chaudhary Group and Nepal’s first billionaire to appear on the Forbes’ list, Binod Chaudhary is on the cover of Forbes Asia’s September issue.
An excerpt of the story released online focuses on Chudhary Group’s work after the Great Earthquake:
Since then Nepal’s first billionaire has pledged $2.5 million through his Chaudhary Foundation to restore schools and homes destroyed or damaged by the quake. The foundation will bear all the costs of building 1,000 transitional bamboo-and-plaster homes and is working with other donors to construct another 9,000. By last month it had completed 300; the aim is to complete construction of 3,000 by October. On its own, the foundation also will rebuild or restore a total of 100 community primary schools in the 12 districts.
He also appears on the list of 40 people philanthropists, who made news with their donations in the past year along with recognizing people who have compiled a long record of supporting worthy causes.
Source: The Kathmandu Post