Wealth of Thailand’s richest up 20%

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Dhanin Chearavanont, owner of CP Group, is Thailand’s richest man

Forbes Magazine is out with its newest richest people of a country list, and this time it’s Thailand. The collective wealth of the 40 richest residents of the country was up by more than 20 per cent for a second straight year.

Business tycoon and head of CP Group, Dhanin Chearavanont, is holding steady at the top, with a net worth of $9 billion, up from $7 billion last year.

He is followed by Tiang Chirathivat, whose $6.9 billion fortune largely derives from his Central Retail company, and Charoen Sirivadhanabhakdi, head of the country’s leading brewer Thai Beverage and worth $6.2 billion, who is now aggressively bidding for Singapore’s Tiger Beer. Ranking fourth is the Yoovidhya Family, owners of Red Bull, and fifth is media tycoon Krit Ratanarak, who also owns a large stake in Bank of Ayudhya.

The booming medical tourism brought two newcomers on the Top 40 list: Chalerm Harnphanich (33rd), who created a $285 million fortune with his Bangkok Chain Hospital, and Wichai Thongtang (20th). Thongtang, Thaksin Shinawatra’s (23rd) former lawyer, along with Prasert Prasarttong-Osoth (9th) and Pongsak Viddayakorn (27th), are benefiting from a 50 per cent uptick in Bangkok Dusit Medical Services share price.

Other big names include Kraisorn Chansiri (25th), whose Thai Union Frozen Plc is already the world’s biggest tuna company; Indorama Ventures chief Aloke Lohia (8th), who is starting one of the first polyethylen businesses in Africa; and William Heinecke (24th), whose hospitality company, Minor International, recently opened two hotels in Abu Dhabi and Bali.

See the Forbes list here.

However, the list only covers business figures. Thailand’s richest person is in fact King Bhumibol Adulyadej with a net worth of  $30 billion, making him also the richest royal in the world, ahead of Sultan Hassanal Bolkiah of Brunei, King Abdulaziz of Saudi Arabia, Shaikh Khalifa Bin Zayed of the UAE and Shaikh Mohammed Bin Rashid of Dubai. He is six times richer than Britain’s Queen Elizabeth.

Forbes recently also came out with a list of the 40 richest business people in the Philippines, Singapore, Malaysia and Indonesia, which are SM Group owner Henry Sy (Philippines), real estate tycoon Robert Ng (Singapore), business tycoon Robert Kuok (Malaysia) and Bank of Asia majority owners, the Hartono brothers (Indonesia).

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Reading Time: 2 minutes

Dhanin Chearavanont, owner of CP Group, is Thailand’s richest man

Forbes Magazine is out with its newest richest people of a country list, and this time it’s Thailand. The collective wealth of the 40 richest residents of the country was up by more than 20 per cent for a second straight year.

Reading Time: 2 minutes

Dhanin Chearavanont, owner of CP Group, is Thailand’s richest man

Forbes Magazine is out with its newest richest people of a country list, and this time it’s Thailand. The collective wealth of the 40 richest residents of the country was up by more than 20 per cent for a second straight year.

Business tycoon and head of CP Group, Dhanin Chearavanont, is holding steady at the top, with a net worth of $9 billion, up from $7 billion last year.

He is followed by Tiang Chirathivat, whose $6.9 billion fortune largely derives from his Central Retail company, and Charoen Sirivadhanabhakdi, head of the country’s leading brewer Thai Beverage and worth $6.2 billion, who is now aggressively bidding for Singapore’s Tiger Beer. Ranking fourth is the Yoovidhya Family, owners of Red Bull, and fifth is media tycoon Krit Ratanarak, who also owns a large stake in Bank of Ayudhya.

The booming medical tourism brought two newcomers on the Top 40 list: Chalerm Harnphanich (33rd), who created a $285 million fortune with his Bangkok Chain Hospital, and Wichai Thongtang (20th). Thongtang, Thaksin Shinawatra’s (23rd) former lawyer, along with Prasert Prasarttong-Osoth (9th) and Pongsak Viddayakorn (27th), are benefiting from a 50 per cent uptick in Bangkok Dusit Medical Services share price.

Other big names include Kraisorn Chansiri (25th), whose Thai Union Frozen Plc is already the world’s biggest tuna company; Indorama Ventures chief Aloke Lohia (8th), who is starting one of the first polyethylen businesses in Africa; and William Heinecke (24th), whose hospitality company, Minor International, recently opened two hotels in Abu Dhabi and Bali.

See the Forbes list here.

However, the list only covers business figures. Thailand’s richest person is in fact King Bhumibol Adulyadej with a net worth of  $30 billion, making him also the richest royal in the world, ahead of Sultan Hassanal Bolkiah of Brunei, King Abdulaziz of Saudi Arabia, Shaikh Khalifa Bin Zayed of the UAE and Shaikh Mohammed Bin Rashid of Dubai. He is six times richer than Britain’s Queen Elizabeth.

Forbes recently also came out with a list of the 40 richest business people in the Philippines, Singapore, Malaysia and Indonesia, which are SM Group owner Henry Sy (Philippines), real estate tycoon Robert Ng (Singapore), business tycoon Robert Kuok (Malaysia) and Bank of Asia majority owners, the Hartono brothers (Indonesia).

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