Thailand’s 5 Richest.
#1 Dhanin Chearavanont
- Net Worth: $14.7 Billion
- Age 76
- Married, 5 Children
- Source Of Wealth: food
- CP Group (Main parent company for all companies listed below)
- Ping An Insurance (Largest Shareholder, China’s second largest life insurer).
- CP ALL (Thailand, third largest Seven Eleven Chain in the world with over 6,000 stores.)
- Charoen Pokphand Foods (CPF Global, with operations in dozens of countries. CPF is the world’s largest producer of shrimp, animal feed, and the world’s third largest chicken and pork producer).
- True Corporation (Largest Internet Service Provider, Cable Television Network, and third largest Wireless Carrier in Thailand).
- Siam Makro (Largest Cash & Carry retailer in Thailand).
- Chesters Grill (Major fast food chain in Thailand).
- Dayang Motos (China’s third largest motorcycle manufacturer).
- CP PC (Major plastic production manufacturer with plants in Thailand, China, and Vietnam).
- Lotus Supermarket Chain (China)
- Super Brand Mall, Shanghai.
- True Growth Infrastructure Fund (A $2 billion fund set up to manage True’s extensive telecommunication assets including Thailand’s largest fibre optic network and largest 3G & 4G cell networks. It became Thailand’s second largest IPO ever in late 2013. True Corp is True GIF’s largest shareholder.)
- C.P. Pokphand Listed in Hong Kong, CPP is one of the world’s largest producers of feed and one of China’s leading agricultural companies with factories nationwide.
- C.P. Fresh MartA Thai based chain selling frozen foods and finished products, now has over 700 branches.
- C.P. Land C.P. Land manages several Bangkok properties including C.P. Tower 1 & 2. It is listed through C.P. Land Infrastructure Fund and has a market capitalization of over U.S.$300 million.
- Concordian International School (Thailand).
- Magnolia Quality Development Corporation Limited (Thailand).
China’s favorite Thai billionaire. He is known as China’s man in Bangkok
China Mobile Ltd.’s $882 million investment in Dhanin’s Thai telecommunications carrier True Corp., is billed as the state-owned mobile carrier’s first push for overseas growth. But it’s also the latest in a range of ties binding Dhanin with China which date back to the 1970s.
in 2013 , Dhanin, who made his fortune selling frozen chickens, bought a $9.4 billion, 15.57% stake in China’s second-largest property and casualty insurer, Ping An Insurance (Group) Co., from British bank HSBC Holdings PLC. through his company Chaoren Pokphand, or CP Group. He did so using a loan from state-controlled lender China Development Bank.
Dhanin is a foreigner in passport only. In 1921, his father and uncle, Ek Chor and Siew Whooy, emigrated from Guangdong, a province in southern China, to Thailand and founded a small seed shop in Bangkok. The 76-year-old tycoon—who has been ranked by Forbes as Thailand’s richest man with a fortune held by him and his family estimated at $14.7 billion—once boasted of knowing “more than half” of the Politburo Standing Committee of the Communist Party.
Dhanin was the first foreign investor in China after Deng Xiaoping began reopening the economy in 1978 and holds Foreign Investor Certificate No. 001 in Shenzhen. Charoen Pokphand now accounts for more than a quarter of China’s poultry exports.
Head of agribusiness conglomerate Charoen Pokphand group, Dhanin Chearavanont, who reclaims the top spot as the country’s richest, adding close to $3 billion to fortune, which he shares with 3 brothers, is once again striking megadeals. in January, CP and Japan’s itochu agreed to jointly buy a 20% stake in Chinese conglomerate Citic for $10.1 billion. Dhanin is also eyeing Tesco’s Thai business, estimated at $10 billion. Lately under fire for allegedly indulging in anticompetitive practices, CP recently faced a brief boycott of its 7-eleven stores. Though the campaign didn’t impact sales, the group said it would reflect on public opinion and strive to meet public expectations. In what was billed “the wedding of the year,” over 4,000 people, including Prime Minister Gen Prayut Chan-ocha and ousted prime minister Yingluck shinawatra, attended Dhanin’s youngest daughter’s wedding reception at the Bangkok Convention Center in December.
#2 Charoen Sirivadhanabhakdi
- Net Worth: $13 Billion
- Age 71
- Married, 5 Children
- Source Of Wealth: drinks, Self Made
The business magnate and investor Charoen Sirivadhanabhakdi was born on the second of May 1954 as the sixth child of a poor street vendor who migrated from Shantau in the south side of China to Bangkok, Thailand.
In 1986 the Surathip Group, which was the distributor of Chang beer owed around $40 million to the banks and $190 million to the state and during the early 2000s a scandal ensued when the former military general and prime minister of Thailand Prem Tinsulanonda (former President of Privy Council ) helped the company gain the monopoly it had over the liquor industry through the modification of contracts in order to reduce the “burdens” Charoen had to pay.
Another accusation was made when the Asian financial crisis of 1997 allowed Charoen to use his political connections to expand his dominance over the alcohol industry and he was able to put pressure against the liberalization of the whiskey market through the rescuing of hundreds of Thai companies that were struggling but were politically connected. The crisis was a thing for him to exploit, buying land and property at low prices and at the same time increase his political connections.
With the new capital Charoen branched out with the creation of TCC Land Co Ltd., a company involved in property development that became one of the largest in Thailand. It invested in residential, hospitality and retail sites while also developing new ones and covered property management, logistics, agro-business and different property funds.
With this project Charoen is the largest landlord in the country having three times more than the second largest landowner in Thailand. Aside from the properties owned in the country it also controls property funds in Singapore and has interests in the US, UK, Australia, Japan and some of the other countries in South East Asia.
Spirits tycoon Charoen Sirivadhanabhakdi reclaims the no. 2 spot after 6 years on a 20% rise in shares of his Singapore-listed Thai Beverage, best known for its Chang beer, which is a longtime sponsor of English football club Everton. Charoen, who must now contend with the junta’s new taxes and selling curbs on alcohol, wants to double ThaiBev’s revenues to $10 billion by 2020, of which half would be from overseas markets. Despite talk that his $11.2 billion acquisition of Singapore beverage and property conglomerate Fraser & Neave left him financially stretched, Charoen is striking deals to expand his footprint. His latest is a $1 billion bid for Vietnam’s Sabeco, the maker of Saigon beer.
#3 Chirathivat family
- Net Worth: $12.3 Billion
- Source Of Wealth: retail, real estate
- Married, 2 sons
The Chirathivat family was headed by Tiang Chirathivat (1905–1968), who migrated to Siam from Hainan, China and settled in Bangkok in 1927. Tiang had 3 wives and 25 children.
The Chirathivat family, Thailand’s leading retail clan, drops from last year’s top spot partly due to a fall in shares of their department store developer, Central Pattana. Amid an ongoing regional expansion under Tos Chirathivat, grandson of Central Retail’s founder, the group recently acquired 49% in Nguyen Kim, an electronics retailer in Vietnam, for an undisclosed amount. Central is also building a shopping mall in Malaysia’s Selangor region..
#4 Chalerm Yoovidhya
- Net Worth: $9.6 Billion
- Age: 64
- Source Of Wealth: drinks, Self Made
- Married, 3 Children
Red Bull cofounder Chaleo died in March 2012, leaving his heirs a vast estate based on his 49% stake in iconic drinks brand, as well as interests in hospitals, real estate and sports teams. Though final asset distribution isn’t expected until next year, the estate will likely be divvied up among his 10 children and many grandchildren, several of whom are involved in the business; his son Saravoot is Red Bull Thailand’s managing director. Red Bull sold a record 5.6 billion cans in 2014 on rising demand in markets such as India, Turkey and South Africa but the fortune of the sprawling clan, which owns 51% of the iconic drinks brand, got hit by the euro’s decline. Their stake includes 2% owned personally by group head Chalerm Yoovidhya, the oldest son of late red Bull cofounder Chaleo.
The 2012 hit-and-run case in which the grandson of the founder of Red Bull drinks company crashed his Ferrari into a police motorbike on Sukhumvit Soi 47 . He was driving drunk and high on coke at 180 km/h
The officer lost his life. He admitted the accident, claiming the officer darted out in front of him and was promptly given bail then they dragged out the case investigation for months claiming a lack of evidence and witnesses and when finally a court date was set, he was allowed to go to Singapore on the weekend before the trial. He didn’t come back. Nice to be an Elite in Thailand !
#5 Krit Ratanarak
- Net Worth: $4.5 Billion
- Age 67
- Divorced , 1 Child
- Source Of Wealth: media, real estate
Media magnate Krit Ratanarak’s wealth is down as his Bangkok Broadcasting & TV saw revenues from advertising decline 15% in 2014 on weakening consumer sentiment and lower ad spends overall. Krit’s Siam City Cement, thailand’s second-largest cement producer, founded by his late father Chuan, saw an ownership change in March when Holcim sold most of its 27.5% stake to Hong Kong’s Jardine Matheson.