Chaudhary Group President Binod Chaudhary  has been ranked at 1567 position out of 2,043 billionaires in the Forbes The World's Billionaires list.

Chaudhari, who made his debut in the Forbes billionaire list in 2013, saw his fortune increase by US$ 210 million last year.

Forbes has valued Chaudhary’s net worth at US$ 1.31 billion, up from US$ 1.1 billion last year.

Chaudhary’s conglomerate Cinnovation/CG Group’s assets include a controlling stake in Nabil Bank, a fast-growing foods business best known for the instant noodles brand Wai Wai and a string of hotels in Asia, and more recently in Africa, where in a joint venture with Uganda’s Mukwano Group, he is building hotels in Uganda and Rwanda.

Chaudhary’s three sons, Nirvaan, Rahul and Barun accompany the 59 year old businessman with the family business. The English edition of his autobiography, Making it Big, was published last year.

Meanwhlile, Microsoft Co-founder Bill Gates has been ranked first in the Forbes list of the world's wealthiest people as his fortune rose to $86bn, from $75bn, followed by investor Warren Buffett, up $14.8bn to $75.6bn.

Others in the top 10 included Amazon founder Jeff Bezos, who moved up to number three with the biggest gain of any person on the planet, a $27.6bn rise in his fortune of $72.8bn.

Facebook founder Mark Zuckerberg was number five and Oracle co-founder Larry Ellison was number seven.

The global population of billionaires, now put at a record 2,043, marks the biggest annual increase in the 31 years since the magazine began compiling the list.

The number of US billionaires on the list was 565, which Forbes attributed to the recent stock market surge since Mr Trump's November 2016 election.

China was second with 319 billionaires, and Germany was third with 114.