How to balance business and family, with Nepalese billionaires Binod and Nirvana Chaudhary

"The first generation builds the family business, second generation consolidates it, third one destroys it,” says Nepalese business mogul and philanthropist Binod Chaudhary on Crazy Smart Asia. With his son and successor Nirvana, he spoke to Tatler Asia president Tamara Lamunière about navigating relationships as a business family, how to have those awkward succession planning chats and trusting your intuition. 00:00 Introduction to Crazy Smart Asia and today's guests01:03 The dynamics of family businesses in Asia02:15 Inside the Choudhury family business: a billionaire father son duo03:59 Navigating generational shifts 07:12 Binod and Nirvana’s distinct focuses10:04 Exploring the path to IPO12:03 The family philosophy 25:52 The Chaudhary’s shared values27:34 Closing remarks and credits Hosted on Acast. See acast.com/privacy for more information.