Chiaravanont clan tops Forbes Thailand’s rich list again this year

[snoop1130 24550]

Thai business magnate and senior chairman of CP Group, Dhanin Chearavanont, arrives at the Wat Thepsirin Buddhist temple in Bangkok for the funeral ceremony of Leicester City’s Thai owner and duty-free mogul Vichai Srivaddhanaprabha on November 3, 2018. – Vichai, 60, and four other people died in a horrific helicopter accident moments after they departed the Leicester City’s pitch a week ago, bringing an abrupt end to the fairytale life of Thailand’s fifth-richest man. (Photo by Lillian SUWANRUMPHA / AFP)

 

This year’s 10 richest families in Thailand were revealed by Forbes Asia today (Thursday), most of the rankings remain unchanged from last year.

 

The richest family in Thailand are still the Chiaravanont brothers, of Charoen Pokphand Group, who have held the number one spot for several consecutive years. Their wealth, which is currently US$26.5 billion has, however, reduced from last year by US$3.7 billion.

 

The second richest is Chalerm Yoovidhya, co-owner and son of the co-founder of the Red Bull energy drink empire, whose wealth is $US26.4 billion, which increased by $US1.9 billion as their sales continued to grow globally, inching closer to the top spot.

 

Full Story: https://www.thaipbsworld.com/chiaravanont-clan-tops-forbes-thailands-rich-list-again-this-year/

 

-- © Copyright Thai PBS 2022-07-07

 

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[BKKTRAVELER 1516]

To be fair, and I'm not bragging, but I'm only 2.7 billion $ short from entering the list 

[Mavideol 16003]

what a surprise (not) .... during hard times such as war, epidemics and so forth the rich get richer and the poor get miserable

[BKKTRAVELER 1516]

2 minutes ago, Mavideol said:

what a surprise (not) .... during hard times such as war, epidemics and so forth the rich get richer and the poor get miserable

Well, they did say that no. 1 lost $3.7 billion from last year and no. 3 lost $1.5 billion. I still won't feel bad for them though... Neither will you I guess.

[Mavideol 16003]

Just now, BKKTRAVELER said:

Well, they did say that no. 1 lost $3.7 billion from last year and no. 3 lost $1.5 billion. I still won't feel bad for them though... Neither will you I guess.

you guessed right.... their losses are small change for them, they still had profit, maybe less profit but still profit, nothing to feel sorry about

[Chelseafan 5494]

7 hours ago, Mavideol said:

what a surprise (not) .... during hard times such as war, epidemics and so forth the rich get richer and the poor get miserable

Not just hard times. Any time. 

[AhFarangJa 13551]

Yes, but are they happy....................

[Iamfalang 1222]

I don't understand!!!

 

We spend all our lives complaining online about this wealth inequality, and it gets worse!!

 

I'm starting to think nobody reads all our comments.   

[malibukid 2847]

peanuts, Ghangis Khan was worth 100 trillion in todays $$. so who cares anyway.

[XJPSX 212]

List hasn’t changed since last year and likely not to change.

This country is structured so it can’t change.

If i was Thai I would almost be embarrassed to be on that list.

[Jonathan Swift 935]

13 hours ago, Mavideol said:

what a surprise (not) .... during hard times such as war, epidemics and so forth the rich get richer and the poor get miserable

It happens during ALL times, always, it always has, always will, forever, since time began. Such is the very nature of wealth and power. 

[lujanit 4371]

15 hours ago, snoop1130 said:

The second richest is Chalerm Yoovidhya, co-owner and son of the co-founder of the Red Bull energy drink empire, whose wealth is $US26.4 billion, which increased by $US1.9 billion as their sales continued to grow globally, inching closer to the top spot.

Is it any wonder the murdering Red Bull brat can continue to evade justice.  Money aplenty to pay off the cops, judges and any other.

Edited July 8 by lujanit
spelling

[pattayaorganic 283]

14 hours ago, Mavideol said:

you guessed right.... their losses are small change for them, they still had profit, maybe less profit but still profit, nothing to feel sorry about

Not sure how you did in math but this figure is net worth not annual profit. A decrease from the previous year is a pure loss. I agree that losing a few billions is pocket change for them but a loss is still a loss. 

[Bangkok Barry 13883]

15 hours ago, Mavideol said:

what a surprise (not) .... during hard times such as war, epidemics and so forth the rich get richer and the poor get miserable

You didn't read the linked article, obviously:
Forbes Asia also noted that the collective wealth of tycoons on the list fell nearly 6%, to US$151 billion compared to last year

[Bangkok Barry 13883]

Do they get the Thai discount at hotels that the Anti-tourism ministry is proposing?

[bbbbooboo 1055]

Hmmm…soooo sad. …….NEXT?

[warrima 495]

It kind of blows my mind that the world world turns a blind eye to a Red bull heir being on the run for murder. Such a global business with exposure at the very top of motorsport and big sponsorship deals in other sports. 

[Retiredandhappyhere 2317]

The only consolation for us normal mortals is that they are no better off personally than if they had just 1 billion, because they cannot really make themselves any happier with the extra billions.   There is only so much you can spend on yourselves.

[Enzian 2287]

I'm a fiscal conservative, almost to an extreme degree, but grocery monopolies suck. 

And I never buy anything made by Red Bull.

[Purdey 741]

I find this Forbes list rather funny. When I worked for some of these billionaires we would get a call every year from Forbes and say we don't wish to comment. So, Forbes accesses only public information and you can assume these billionaires are a lot richer than Forbes calculates. Panama, BVI and Switzerland aren't there for nothing.

In case you were wondering, their happiness often comes from helping their friends and families. 

[Skeptic7 7625]

15 hours ago, Mavideol said:

what a surprise (not) .... during hard times such as war, epidemics and so forth the rich get richer and the poor get miserable

Good to be in the former and not the latter! 

[Skeptic7 7625]

26 minutes ago, warrima said:

It kind of blows my mind that the world world turns a blind eye to a Red bull heir being on the run for murder. Such a global business with exposure at the very top of motorsport and big sponsorship deals in other sports. 

It wasn't murder, but I get your meaning and agree. He should have been jailed a LONG time ago. Money talks and life isn't fair. 

[mberbae 348]

And, of course , they will be given Hotel Discounts under the

" Dual Pricing " scam ( errrr....scheme ).

[Brickbat 794]

The richest man is the one who needs the least 

said some wise ancient philosopher 

[huangnon 1639]

Basically because they're (CP) allowed to monopolize supply and thus dictate prices to suppliers and consumers.

It's not even crony-capitalism, it's cartel-ism.  Facilitated by a robber-baron Govt.

[Eric Loh 22646]

2 minutes ago, huangnon said:

Basically because they're (CP) allowed to monopolize supply and thus dictate prices to suppliers and consumers.

It's not even crony-capitalism, it's cartel-ism.  Facilitated by a robber-baron Govt.

CP not the only supplier for anything and not in a position to dictate prices in a competitive free market. Thailand also have price control regulation for essential products. CP started in a humble beginning and has grown successfully due to the vision of key family members.

[mikebell 18654]

3 hours ago, XJPSX said:

If i was Thai I would almost be embarrassed to be on that list.

I'd be embarrassed to be Thai but not embarrassed to be on that list.  Monopolies is the game here; CP has the lion's share of the convenience store industry (with 83.05% from 7-11 and Lotus's Go Fresh).  And as for Red Bull, don't even go there.

[Sydebolle 5708]

The increase/decrease of asset value is on assets in the accounting books. Nothing changed unless assets are bought or sold. 

This list is incomplete, as we know, yet one thing is even more interesting. What did they pay to rename TescoLotus into Lotus's - the marketing company coughing up the idea, the logo designers to present the graphic interpretations and ultimately the blokes who changed all those huge signboards. 

This "interpretation" of the English language is possibly second to none and clearly explains, why the dirty farang are to be charged higher by the state as well as the private hospitality industry. 

Welcome to Thailand where 70+ million of semi-divines are being srceewd by the entire oligarch dinosaur establishment! 

[Enzian 2287]

36 minutes ago, Brickbat said:

The richest man is the one who needs the least 

said some wise ancient philosopher 

That's a commonplace in much of Greek and Roman, Epicurean and Stoic, philosophy. The problem with it is that in the ancient world doctors could only do so much for you beyond a basic level, so philosophers could ignore that aspect when glorifying a life of poverty. But in the modern world, with modern medical science, having a lot of money will definitely get you better health outcomes. So it makes far less sense to be poor, though I understand that's not exactly what you said.

[realfunster 2959]

35 minutes ago, Eric Loh said:

CP not the only supplier for anything and not in a position to dictate prices in a competitive free market. Thailand also have price control regulation for essential products. CP started in a humble beginning and has grown successfully due to the vision of key family members.

Oh behave yourself- Thailand "a competitive free market" .

 

Someone has beat me to it, noting the 83% CP market share in convenience stores, for starters. Highly doubtful any "serious" free-market country would have allowed that to happen. Communications market heading a similar direction when the True/DTAC merger fails to get any proper scrutiny and is approved.

 

Let's face it, Thailand is an oligarchy. If your face. political view and social standing fits, you get the necessary government concessions, licenses and regulations interpreted in your favour.

 

I note the stock photo references to King Power, another member of the anointed ones. I suppose you think they are business geniuses as well ?

I propose my dog could probably run just as successful a duty free business operating under near complete monopoly.