snoop1130 Posted November 15, 2017 Share Posted November 15, 2017 The rich just got richer: Three Thai families make it to ‘Asia’s 50 Richest’ list by Forbes By Coconuts Bangkok Red bull heir Vorayuth “Boss” Yoovidhya“ is on the run from charges in a fatal hit and run killing. Photo: Vorayuth Yoovidhya/ Facebook Three powerful Thai clans have been named to the latest Forbes Asia’s 50 Richest Families list, and they have gotten even richer since last year. The Chearavanont family, who own the Charoen Pokphand Group (CP Group), boasts a bank balance of $US36.6 billion (THB1.2 trillion). Despite falling from second to fourth place this year, the family got richer by US$8.9 billion (THB295.8 billion) over this last trip around the sun. Who can complain? The Chearavanont owns one of the world’s largest conglomerate companies. CP Group generates big income from agribusiness and food, retail, and telecommunications, with their well-known operation being the 7-Eleven convenience stores in Thailand and True Move cell service. Full Story: https://coconuts.co/bangkok/news/rich-just-got-richer-three-thai-families-make-asias-50-richest-forbes/ -- © Copyright Coconuts Bangkok 2017-11-15 Link to comment Share on other sites More sharing options...
cornishcarlos Posted November 15, 2017 Share Posted November 15, 2017 That's why my wife refuses to pay our electric bill at 7-11, she hates giving them an extra 10 baht :) Link to comment Share on other sites More sharing options...
GarryP Posted November 15, 2017 Share Posted November 15, 2017 18 minutes ago, cornishcarlos said: That's why my wife refuses to pay our electric bill at 7-11, she hates giving them an extra 10 baht :) I despise the company too. But it is so hard to avoid using their goods or services. Don't forget that True is in that conglomerate. Link to comment Share on other sites More sharing options...
Briggsy Posted November 15, 2017 Share Posted November 15, 2017 I suspect there is a lot more hidden from Forbes. I think they base their estimates on declared shareholdings and properties. Link to comment Share on other sites More sharing options...
GarryP Posted November 15, 2017 Share Posted November 15, 2017 1 minute ago, Briggsy said: I suspect there is a lot more hidden from Forbes. I think they base their estimates on declared shareholdings and properties. At least equal to or greater than the declared stuff. Link to comment Share on other sites More sharing options...
wakeupplease Posted November 15, 2017 Share Posted November 15, 2017 There is a family name I can think of that is missing on this list, India still gets massive handouts off the Brits do they not?, makes you wonder Link to comment Share on other sites More sharing options...
shady86 Posted November 15, 2017 Share Posted November 15, 2017 That's why my wife refuses to pay our electric bill at 7-11, she hates giving them an extra 10 baht :)You can try paying by visa, it's free through mea app. Link to comment Share on other sites More sharing options...
observer90210 Posted November 15, 2017 Share Posted November 15, 2017 Their fortunes will make the mouths drip of all the off shore investment, brokers, salesmen or hawkers... Link to comment Share on other sites More sharing options...
owenm Posted November 15, 2017 Share Posted November 15, 2017 That's why I pay my electricity and water bills at Big C, only 5bht fee.. Link to comment Share on other sites More sharing options...
cornishcarlos Posted November 15, 2017 Share Posted November 15, 2017 2 hours ago, owenm said: That's why I pay my electricity and water bills at Big C, only 5bht fee.. We spend 100 baht in fuel to drive to the PEA office... That'll show those CP buggers :) Link to comment Share on other sites More sharing options...
greatwhitenorth Posted November 15, 2017 Share Posted November 15, 2017 (edited) You guys slay me. 5 baht or 10 baht To be in the top 1% of income earners in the world you need and income of $32,400 US a year. The vast majority of TV members are in the top 1% in the world. The filthy rich criticizing the obscenely rich (by global standards) Edited November 15, 2017 by greatwhitenorth emphasis Link to comment Share on other sites More sharing options...
Bob12345 Posted November 16, 2017 Share Posted November 16, 2017 1 hour ago, greatwhitenorth said: You guys slay me. 5 baht or 10 baht To be in the top 1% of income earners in the world you need and income of $32,400 US a year. The vast majority of TV members are in the top 1% in the world. The filthy rich criticizing the obscenely rich (by global standards) Luckily the poor 80% of the world doesnt have internet access to criticize us so we can keep our little bubble up. Link to comment Share on other sites More sharing options...
wump Posted November 16, 2017 Share Posted November 16, 2017 1 hour ago, greatwhitenorth said: You guys slay me. 5 baht or 10 baht To be in the top 1% of income earners in the world you need and income of $32,400 US a year. The vast majority of TV members are in the top 1% in the world. The filthy rich criticizing the obscenely rich (by global standards) The vast majority in here gets 90,000 Baht a month? I think a lot of members do, but not the "vast majority" Link to comment Share on other sites More sharing options...
hansnl Posted November 16, 2017 Share Posted November 16, 2017 (edited) 14 hours ago, GarryP said: I despise the company too. But it is so hard to avoid using their goods or services. Don't forget that True is in that conglomerate. Hard to avoid 7/11? In 12.5 years in Thailand, I am happy to say, entered one of their premises once. There are many other possibilities to buy things or pay things. Awful business, 7/11 The big issue, however, is the growing grip on consumer related business by CP. Edited November 16, 2017 by hansnl Link to comment Share on other sites More sharing options...
GarryP Posted November 16, 2017 Share Posted November 16, 2017 45 minutes ago, hansnl said: Hard to avoid 7/11? In 12.5 years in Thailand, I am happy to say, entered one of their premises once. There are many other possibilities to buy things or pay things. Awful business, 7/11 The big issue, however, is the growing grip on consumer related business by CP. I meant the CP Group not just 7/11. I would be very surprised if you have managed to avoid all things CP: True Corporation, True Visions, True Money, Charoen Pokphand Foods, CP All, KFC, CP Fresh Mart, Siam Makro, to name but a few. The stated aim of this conglomerate is that from waking up to going to bed they will be involved in your life and they are certainly heading that way. Link to comment Share on other sites More sharing options...
YetAnother Posted November 16, 2017 Share Posted November 16, 2017 17 hours ago, snoop1130 said: Three powerful Thai clans have been named to the latest Forbes Asia’s 50 Richest Families list, and they have gotten even richer since last year. more interested to see where thailand's poor (aka farmers) rank amongst their peers Link to comment Share on other sites More sharing options...
Happyman58 Posted November 16, 2017 Share Posted November 16, 2017 These are the people who keep the Junta in power. Ask them how much Tax they pay 100 Baht or 500 baht Link to comment Share on other sites More sharing options...
MickGC Posted November 16, 2017 Share Posted November 16, 2017 17 hours ago, cornishcarlos said: That's why my wife refuses to pay our electric bill at 7-11, she hates giving them an extra 10 baht :) I reckon the 7-11's here are great. Very convenient and prices not much different to the major food chains, unlike back in the home country where they charge double. Link to comment Share on other sites More sharing options...
GarryP Posted November 16, 2017 Share Posted November 16, 2017 18 minutes ago, Happyman58 said: These are the people who keep the Junta in power. Ask them how much Tax they pay 100 Baht or 500 baht Yes. Just throw another in the pot with big business and the military and you have got the truly mutualistic relationship that is how Thailand operates. Link to comment Share on other sites More sharing options...
marko kok prong Posted November 16, 2017 Share Posted November 16, 2017 6 hours ago, greatwhitenorth said: You guys slay me. 5 baht or 10 baht To be in the top 1% of income earners in the world you need and income of $32,400 US a year. The vast majority of TV members are in the top 1% in the world. The filthy rich criticizing the obscenely rich (by global standards) Really,well that is very interesting and has surprised me,only $32,,400. Link to comment Share on other sites More sharing options...
greatwhitenorth Posted November 16, 2017 Share Posted November 16, 2017 9 minutes ago, marko kok prong said: Really,well that is very interesting and has surprised me,only $32,,400. Nearly 1/2 of the world's population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day. 11 Facts About Global Poverty | DoSomething.org | Volunteer for ... https://www.dosomething.org/us/facts/11-facts-about-global-poverty Link to comment Share on other sites More sharing options...
FritsSikkink Posted November 16, 2017 Share Posted November 16, 2017 7 hours ago, greatwhitenorth said: You guys slay me. 5 baht or 10 baht To be in the top 1% of income earners in the world you need and income of $32,400 US a year. The vast majority of TV members are in the top 1% in the world. The filthy rich criticizing the obscenely rich (by global standards) With the all the "I can live of 4000 THB per month people"? Link to comment Share on other sites More sharing options...
greatwhitenorth Posted November 16, 2017 Share Posted November 16, 2017 1 minute ago, FritsSikkink said: With the all the "I can live of 4000 THB per month people"? Yes, I didn t have lunch today, I now understand the feelings of starving Yemeni children. Link to comment Share on other sites More sharing options...
marko kok prong Posted November 16, 2017 Share Posted November 16, 2017 1 hour ago, greatwhitenorth said: Nearly 1/2 of the world's population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day. 11 Facts About Global Poverty | DoSomething.org | Volunteer for ... https://www.dosomething.org/us/facts/11-facts-about-global-poverty Thanks for the link and the info,truly had no idea that sum put you in top 1% have learned something today. Link to comment Share on other sites More sharing options...
BuaBS Posted November 16, 2017 Share Posted November 16, 2017 4 hours ago, greatwhitenorth said: Nearly 1/2 of the world's population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day. 11 Facts About Global Poverty | DoSomething.org | Volunteer for ... https://www.dosomething.org/us/facts/11-facts-about-global-poverty Sure , but it's their own fault , or their parents fault. Link to comment Share on other sites More sharing options...
nausea Posted November 16, 2017 Share Posted November 16, 2017 The rich are getting richer - tell me something new; bread and circuses are the answer, bread and circuses. Link to comment Share on other sites More sharing options...
observer90210 Posted November 16, 2017 Share Posted November 16, 2017 7 hours ago, hansnl said: Hard to avoid 7/11? In 12.5 years in Thailand, I am happy to say, entered one of their premises once. There are many other possibilities to buy things or pay things. Awful business, 7/11 The big issue, however, is the growing grip on consumer related business by CP. Not aware of your area, but if a shopper like myself can reach within walking distance a 7/11 (which is often the case), and avoid using a bike or a car for light groceries, one could also look at it as a humble, perhaps insignificant but modest contribution to reduce the greenhouse effect for the planet. 7/11 are not saints in their business culture, but at least the prices are clear and you don't need to argue or get ripped off with the farang price that some road hawkers or small stores are tempted to apply on their items that don't display the price. Link to comment Share on other sites More sharing options...
greatwhitenorth Posted November 16, 2017 Share Posted November 16, 2017 3 hours ago, BuaBS said: Sure , but it's their own fault , or their parents fault. Yes, especially the small children and babies They are the worst. what a dip sh*t Link to comment Share on other sites More sharing options...
hobz Posted November 21, 2017 Share Posted November 21, 2017 Meanwhile poor get poorer in thailand.... Perfect for a populist party to win an election.... And thats why there will not be an election because current junta is controlled by these clans. Link to comment Share on other sites More sharing options...
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