WKND Conversation: Meet Binod Chaudhary, Nepal’s first and only billionaire

Nepali entrepreneur Binod Chaudhary, on building an empire tapping on gastronomical cravings and why ‘Taj JLT’ is a culmination of a life-long dream

Dr Binod Chaudhary, 65, is Nepal’s biggest export to the world after Mount Everest. Chaudhary, whose net worth is estimated at $1.6 billion (Dh5.88b), is the picturesque yet impoverished Himalayan nation’s first and only billionaire and has accumulated his wealth over the past four decades.

The affable and dapper Chaudhary, the head of CG Corp Global, is a proud third-generation Nepalese national of Indian descent. His grandfather, who belonged to Churi-Ajitgarh village from Rajasthan, had shifted his base to Nepal around 140 years ago to set up a textile business. Chaudhary, who is ethnically a Marwari, has business in his gene. He reminisces about bootstrapping his fanciful business concepts into a money-spinning reality. Wealth creation, he recalls, is his unbridled passion, as he’s not born with “the proverbial silver spoon”.

His initial business venture embodied the late 1970s’ Kathmandu that was basking in the glory of the Beatniks and the Flower Power generation. Chaudhary, then in his 20s and sporting long locks, had opened Copper Floor, a nightclub, which soon caught the zeitgeist of Kathmandu’s bohemian rhapsody, much to the delight of the Western backpackers and locals alike.

Read More:https://www.khaleejtimes.com/wknd/features/wknd-conversation-meet-binod-chaudhary-nepals-first-and-only-billionaire

March 3, 2021