The only Billionaire of Nepal; Binod Chaudhary down by 162 positions in the Forbes Billionaires list 2016

Update: Binod Chaudhary Net worth: 1.33 billion USD 2017 (Forbes)

The world famous American business magazine Forbes has just published the billionaires’ list of the world 2016.
The only billionaire in Nepal, Binod Chaudhary’s rank has degraded by 162 positions in the current year rank.
He was in the 1415th position last year. However, his position has been degraded by 162 to the 1577th position this year.
He was listed in the billionaires list in 2013 for the first time. His net worth is 1.1 billion USD. His Net worth was 1.3 billion USD last year (2015).

binod chaudary

Binod Chaudhary is the principal owner of Chaudhary Group of Industries (CG group). CG group has been investing in electronics, cements, noodles and many other industries. Chaudhary Group Institute of Management(CGIM) is the recent investment of Chaudary Group in Education. Chaudhary has investments in different companies of Nepal, India Serbia, Saudi Arabia and Bangladesh.
Bill Gates of America is once again in the top of the Billionaires’ list with the net worth of 7.8 Billion USD.
This year 198 people have managed to be in the list while 221 have been eliminated from the list of Billionaires’ 2016.Mark Zuckerberg; the founder of Facebook is at 6th position with Net Worth of 44.6 Billion.The petrochemicals giant Mukesh Ambani of India is in 36th position with net worth of 19.3 Billion USD.

Here is the Link to the full list of Billionaires published by Forbes Magazine. http://www.forbes.com/billionaires/list

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