Binod Chaudhary didn’t stick to family owned textile business but worked on his unique idea and built his thousands of crores rs business empire.
Binod Chaudhary, founder of Wai Wai is Nepal’s richest person. His noodle brand competes with global giants like Maggi. His net worth is around Rs 15,025 crore according to Forbes. Chaudhary net worth is still far less than Indian businessmen like Mukesh Ambani Or Gautam Adani.
He was born in Kathmandu into a Marwari family and grew up in a business-oriented house. His grandfather was an owner of a textile business, which was later diversified by his father into construction and other sectors. Chaudhary was inspired by Bollywood actor Amitabh Bachchan and admired the JRD Tata,.
Chaudhary initially planned to study chartered accountancy in India but postponed his plans to support his father. He started getting involved in the family business and his journey started from here.
Founding Wai Wai Noodles
During a trip to Thailand, Chaudhary saw the popularity of instant noodles and found an opportunity for this business in Nepal. He later founded Wai Wai, which became famous in the country. Chaudhary didn’t limit himself to Wai Wai but started other ventures in partnerships with National Panasonic and now plans to bring Suzuki cars to Nepal. In 1995, Chaudhary acquired a controlling stake in Nabil Bank, with backing from the Dubai government.
Binod Chaudhary Philanthropy Work
Chaudhary has made major contributions to philanthropy in Nepal. When Nepal was devastated by the 2015 earthquake, he donated over Rs 20 crore to rebuild schools and homes for affected families. He also provided 500,000 packets of Wai Wai noodles and cartons of juice, food, and water to assist disaster-affected communities.
Chaudhary also advocates for economic reforms and policies to promote growth in the country.
