{"id":"binod-chaudhary","type":"person","url":"https://diginpl.com/people/binod-chaudhary","language":"en","name":"Binod Chaudhary","name_en":"Binod Chaudhary","name_ne":"विनोद चौधरी","description":"Nepalese Businessman","headline":"Nepalese Businessman","also_known_as":[],"summary":"Binod Chaudhary (Nepali: विनोद चौधरी; born 14 April 1955) is a Nepalese billionaire businessman, politician and philanthropist. He is the chairman and president of the Chaudhary Group (CG).","summary_more":["In February 2013, he was recognised as Nepal's wealthiest person and only billionaire, having an estimated net worth of $1 billion. Since 2013, his net worth has risen to $1.7 billion. Besides his business, which focuses on distribution, retail, leisure and manufacturing, he has done charity work, bookwriting, and filmmaking."],"facts":[{"key":"born","label":"Born","values":[{"text":"14 April 1955","date":"1955-04-14"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q11165065#P569"}},{"key":"birthplace","label":"Place of birth","values":[{"text":"Kathmandu","wikidata":"https://www.wikidata.org/wiki/Q3037","page":"https://diginpl.com/places/kathmandu"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q11165065#P19"}},{"key":"citizenship","label":"Citizenship","values":[{"text":"Nepal","wikidata":"https://www.wikidata.org/wiki/Q837"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q11165065#P27"}},{"key":"occupation","label":"Occupation","values":[{"text":"entrepreneur","wikidata":"https://www.wikidata.org/wiki/Q131524"},{"text":"writer","wikidata":"https://www.wikidata.org/wiki/Q36180"},{"text":"politician","wikidata":"https://www.wikidata.org/wiki/Q82955"},{"text":"businessperson","wikidata":"https://www.wikidata.org/wiki/Q43845"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q11165065#P106"}},{"key":"party","label":"Political party","values":[{"text":"Nepali Congress","wikidata":"https://www.wikidata.org/wiki/Q216660"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q11165065#P102"}},{"key":"spouse","label":"Spouse","values":[{"text":"Sarika Chaudhary","wikidata":"https://www.wikidata.org/wiki/Q117289732"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q11165065#P26"}},{"key":"facebook","label":"Facebook","values":[{"text":"Mr.BinodChaudhary","url":"https://www.facebook.com/Mr.BinodChaudhary"}],"source":{"label":"Wikidata","url":"https://www.wikidata.org/wiki/Q11165065#P2013"}}],"office":null,"sections":[],"cited":[{"id":"early_life","title":"Early life and education","items":[{"text":"Binod Kumar Chaudhary was born in Kathmandu, Nepal, to a Marwari family.","sources":[{"url":"https://www.spotlightnepal.com/2017/09/12/nepal-has-conducive-environment-chinese-investors-binod-kumar-chaudhary/","title":"Nepal Has A Conducive Environment For Chinese Investors: Binod Kumar Chaudhary","publisher":"SpotlightNepal","date":null},{"url":"http://www.martinchautari.org.np/files/SINHAS_Book-Reviews/SINHAS-Vol.20-No.2_Book-Reviews_Shubhanga-Pandey.pdf","title":"Binod Chaudhary – My Story: From the Streets of Kathmandu to a Billion Dollar Empire.","publisher":null,"date":"28 May 2019"}]},{"text":"His grandfather, Bhuramal Das Chaudhary, was an entrepreneur who started a textile business.","sources":[{"url":"http://www.martinchautari.org.np/files/SINHAS_Book-Reviews/SINHAS-Vol.20-No.2_Book-Reviews_Shubhanga-Pandey.pdf","title":"Binod Chaudhary – My Story: From the Streets of Kathmandu to a Billion Dollar Empire.","publisher":null,"date":"28 May 2019"}]},{"text":"Early in his career, Chaudhary chose to pursue further education rather than join the family business.","sources":[{"url":"https://www.ndtv.com/business/nepal-gets-its-first-forbes-billionaire-319011","title":"Nepal gets its first Forbes billionaire","publisher":"NDTV.com","date":"5 March 2013"}]},{"text":"Chaudhary credits his grandfather and father as inspirations.","sources":[{"url":"https://thriveglobal.com/stories/binod-chaudhary-a-business-encyclopedia-for-the-new-generations/","title":"Binod Chaudhary – A Business Encyclopedia for the New Generations – Thrive Global","publisher":"thriveglobal.com","date":"5 May 2019"}]},{"text":"He is a fan of Bollywood icons Amitabh Bachchan and Ranbir Kapoor.","sources":[{"url":"https://economictimes.indiatimes.com/biz-entrepreneurship/binod-chaudhary-nepals-first-dollar-billionaire-businessman/politics-and-icons/slideshow/20955333.cms","title":"Binod Chaudhary: Nepal's first dollar-billionaire businessman","publisher":"The Economic Times","date":null}]},{"text":"He admires Nelson Mandela, the former president of South Africa, for bringing freedom to that country, and businessman J. R. D. Tata, for \"building a company of rare distinction\".","sources":[{"url":"https://economictimes.indiatimes.com/biz-entrepreneurship/binod-chaudhary-nepals-first-dollar-billionaire-businessman/politics-and-icons/slideshow/20955333.cms","title":"Binod Chaudhary: Nepal's first dollar-billionaire businessman","publisher":"The Economic Times","date":null}]}]},{"id":"career","title":"Career","items":[{"text":"After his arrival at age 20, he started a textile business.","sources":[{"url":"http://www.martinchautari.org.np/files/SINHAS_Book-Reviews/SINHAS-Vol.20-No.2_Book-Reviews_Shubhanga-Pandey.pdf","title":"Binod Chaudhary – My Story: From the Streets of Kathmandu to a Billion Dollar Empire.","publisher":null,"date":"28 May 2019"}]},{"text":"A few years later, after the 1934 Nepal–Bihar earthquake, he became the first in Nepal to start a formally registered clothing company.","sources":[{"url":"http://www.martinchautari.org.np/files/SINHAS_Book-Reviews/SINHAS-Vol.20-No.2_Book-Reviews_Shubhanga-Pandey.pdf","title":"Binod Chaudhary – My Story: From the Streets of Kathmandu to a Billion Dollar Empire.","publisher":null,"date":"28 May 2019"}]},{"text":"His father, Lunkaran Das Chaudhary, continued to develop the textile business, and also established international-trading houses, and a construction company.","sources":[{"url":"http://www.martinchautari.org.np/files/SINHAS_Book-Reviews/SINHAS-Vol.20-No.2_Book-Reviews_Shubhanga-Pandey.pdf","title":"Binod Chaudhary – My Story: From the Streets of Kathmandu to a Billion Dollar Empire.","publisher":null,"date":"28 May 2019"}]},{"text":"In 1968 Lunkaran Das Chaudhary founded Arun Emporium, a retail store which was his most successful enterprise.","sources":[{"url":"http://www.martinchautari.org.np/files/SINHAS_Book-Reviews/SINHAS-Vol.20-No.2_Book-Reviews_Shubhanga-Pandey.pdf","title":"Binod Chaudhary – My Story: From the Streets of Kathmandu to a Billion Dollar Empire.","publisher":null,"date":"28 May 2019"}]},{"text":"At the age of eighteen, Binod Chaudhary was about to head to India to study chartered accountancy, but his father was diagnosed with heart disease and the doctor told him his father could not continue to run the family business.","sources":[{"url":"https://www.telegraphindia.com/culture/nepal-rsquo-s-billion-dollar-man/cid/1319248","title":"Nepal's billion-dollar man","publisher":"The Telegraph","date":null}]},{"text":"As he was the eldest son in the family he stepped in as head of the business.","sources":[{"url":"https://www.telegraphindia.com/culture/nepal-rsquo-s-billion-dollar-man/cid/1319248","title":"Nepal's billion-dollar man","publisher":"The Telegraph","date":null}]}]},{"id":"decisions","title":"Key decisions and achievements","items":[{"text":"In 2015 he was honoured by Sri Sri University for his outstanding contribution in philanthropy; he was given an honorary doctorate degree.","sources":[{"url":"https://economictimes.indiatimes.com/news/international/world-news/nepals-billionaire-binod-chaudhary-honoured-with-doctorate-by-indian-varsity/articleshow/48778395.cms","title":"Nepal's billionaire Binod Chaudhary honoured with doctorate by Indian varsity","publisher":"The Economic Times","date":"2 September 2015"}]},{"text":"In 2016 he was awarded Asian Man of the Year Award.","sources":[{"url":"https://www.spotlightnepal.com/2016/08/20/binod-chaudhary-awarded-asian-man-of-the-year/","title":"Binod Chaudhary Awarded 'Asian Man of the Year'","publisher":"SpotlightNepal","date":null}]},{"text":"Later in 2016 he was also awarded the 2016 Frost & Sullivan Growth, Innovation and Leadership (GIL) Award.","sources":[{"url":"https://www.thehindubusinessline.com/business-wire/frost-amp-sullivan-honors-first-nepalese-billionaire-mr-binod-chaudhary-with-the-growth-innovation-and-leadership-award-2016/article9370818.ece","title":"Frost & Sullivan honors first Nepalese billionaire Mr. Binod Chaudhary with the growth, innovation and Leadership Award, 2016","publisher":"@businessline","date":"21 November 2016"}]},{"text":"In 2019 he was awarded with Lifetime Achievement Award by Hotelivate.","sources":[{"url":"http://www.dailynews.lk/2019/01/23/business/175194/hotelivate-confers-binod-chaudhary-lifetime-achievement-award","title":"HOTELIVATE confers Binod Chaudhary with Lifetime Achievement Award","publisher":"Daily News","date":null}]}]},{"id":"controversies","title":"Controversies and criticism","items":[{"text":"Notably, he has established prominent relationships with political entities in power, including Prince Dhirendra during the monarchy rule in Nepal, and later affiliations with CPN-UML and Nepali Congress after Nepal transitioned into a republic.","sources":[{"url":"https://www.nepallivetoday.com/2021/12/21/nepals-richest-man-in-nepali-congress-courts-controversies-raises-moral-questions/","title":"Nepal's richest man in Nepali Congress courts controversies, raises moral questions","publisher":"Nepal Live Today","date":null}]},{"text":"One significant controversy involves the alleged privatization of land belonging to the Bansbari Shoe Factory, a government entity.","sources":[{"url":"https://www.ndtv.com/world-news/nepal-billionaire-investigated-in-alleged-land-grab-case-5278613","title":"Nepal's Only Billionaire Investigated In Alleged Land Grab Case","publisher":"NDTV.com","date":null}]},{"text":"Investigations revealed that Chaudhary's company took control of shares allocated to the public during the privatization process, subsequently gaining control of the land.","sources":[{"url":"https://www.ukaalo.com/ukaalo-vishesh/20240208-bansbari-land-case-cg-group/14729","title":"बाँसबारीको जग्गा हडप्न सर्वसाधारणलाई दिनुपर्ने फूटवेयरको २४ प्रतिशत शेयर नै 'कब्जा'","publisher":"Ukaalo","date":null},{"url":"https://www.ukaalo.com/ukaalo-vishesh/20240206-people-struggle-to-returen-land-grabbed-by-cg/14679","title":"चौधरी ग्रुपले हडपेको सतुंगलको सार्वजनिक जग्गाः जिल्लाको फैसला भएन सदर, विपक्षी झिकाउन उच्च अदालतको आदेश","publisher":"Ukaalo","date":null}]},{"text":"This dispute dates back to 1987 and the road in question still remains closed to the public.","sources":[{"url":"https://www.ukaalo.com/ukaalo-vishesh/20240206-people-struggle-to-returen-land-grabbed-by-cg/14679","title":"चौधरी ग्रुपले हडपेको सतुंगलको सार्वजनिक जग्गाः जिल्लाको फैसला भएन सदर, विपक्षी झिकाउन उच्च अदालतको आदेश","publisher":null,"date":null}]},{"text":"Investigations revealed the company's failure to obtain approval from local authorities for construction and circumvention of mandatory Environmental Impact Assessments (EIA).","sources":[{"url":"https://www.ukaalo.com/news/20230411-summit-apartment/5879","title":"समिट अपार्टमेन्टमा चौधरी समूहसँग ललितपुर महानगरकै 'मिलेमतो'","publisher":"Ukaalo","date":null},{"url":"https://kathmandupost.com/lalitpur/2023/04/13/summit-apartments-land-subsidence-issue-enters-parliament","title":"Summit Apartments land subsidence issue enters Parliament","publisher":"kathmandupost.com","date":null}]},{"text":"He was also named in the Pandora Papers leak in 2021.","sources":[{"url":"https://www.icij.org/investigations/pandora-papers/pandora-papers-reporting-from-across-asia/","title":"Pandora Papers reporting from across Asia - ICIJ","publisher":null,"date":"23 November 2021"}]}]},{"id":"statements","title":"Notable statements","items":[{"text":"But it has made me a tougher man.\" He also stated \"I would have liked to study further but I was required to do my duty\" in an interview with the Hong Kong Tatler.","sources":[{"url":"https://www.telegraphindia.com/culture/nepal-rsquo-s-billion-dollar-man/cid/1319248","title":"Nepal's billion-dollar man","publisher":"The 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