Dhanin Chearavanont, chairman of agribusiness conglomerate Charoen Pokphand Group (CP), has reclaimed the top spot as the country’s richest man on Forbes’ latest Thailand’s Richest list, with a net worth of US$14.4 billion. His fortune, which he shares with three brothers, grew by $2.9 billion.
The CP group is Thailand’s largest private company and one of Asia’s largest conglomerates. It consists of three core businesses that operate in the agribusiness and food industry, retail and distribution (7-Eleven, Siam Makro), and the telecommunications industries (True Corporation with TrueVisions, True Internet and True Move) with investment in over 20 countries.
Spirits tycoon Charoen Sirivadhanabhakdi, best known for his Chang beer, which is a longtime sponsor of English football club Everton, also moved up one spot to second place with a net worth of $13 billion. Charoen’s Singapore-listed Thai Beverage, maker of Chang beer, recently reported double-digit increases in revenues and profits.
The Chirathivat family, Thailand’s leading retail clan with a net worth of $12.3 billion, drops from last year’s top spot to third place partly due to a fall in shares of their department store developer, Central Pattana.
Chalerm Yoovidhya of the Yoovidhya clan, which owns 51% of Red Bull, is Thailand’s fourth richest man this year. Santi Bhirombhakdi of the Bhirombhakdi family, best known for Singha Beer, is no. 7 in the latest Forbes list.
Here are the top 10 richest billionaires in Thailand. For the complete Thailand’s 50 Richest list, please see Forbes.
1) Dhanin Chearavanont; US$14.4 billion (food, 7-Eleven stores, TrueVisions, True Move, Siam Makro etc.)
2) Charoen Sirivadhanabhakdi; $13 billion (Chang Beer, beverages)
3) Chirathivat family; $12.3 billion (retail, real estate)
4) Chalerm Yoovidhya; $9.6 billion (Red Bull, drinks)
5) Krit Ratanarak; $4.7 billion (media, real estate)
6) Vanich Chaiyawan; $3.95 billion (insurance, beverages)
7) Santi Bhirombhakdi; $2.9 billion (Singha Beer, energy drinks etc.)
8) Prasert Prasarttong-Osoth; $2.8 billion (hospitals)
9) Vichai Srivaddhanaprabha; $2.5 billion (King Power duty-free)
10) Thaksin Shinawatra; $1.7 billion (investments)