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

[KanchanaburiGuy]

17 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

Hmmm.

 

I guess if you drop the vowels, you can turn profit into a four-letter-word..........

[KanchanaburiGuy]

17 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

I'm sorry, but losing 3.7 billion means they didn't have profit. Losing money is, in fact, the very definition of not having profit! The negatives exceeding the positives!

[sawadee1947]

Wonderful, another cleptocrate in Forbe's list ????

[Mr Meeseeks]

18 hours ago, snoop1130 said:

The richest family in Thailand are still the Chiaravanont brothers

No they're not...

[Mr Meeseeks]

4 hours ago, XJPSX said:

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

The majority worship money so I'm not sure the Thais would agree with you there.

[metisdead]

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[KanchanaburiGuy]

My wife and I own a small hotel, 14 rooms. But for the last 10 years---off and on (off, right now! 555)---I've also had a small mattress store, anything from 2 to 6 beds on display, to give a selection of prices and feels.

 

No workers, just my wife and me. The stepson helps on deliveries, sometimes, for a couple of hundred baht.

 

Why, though?

 

Well, because my savings could be sitting in the bank collecting 1% per year.......... or.......... some of that money can go into inventory----- inventory that gets sold from time to time, allowing me to  collect 10-20% per month. (On that total investment, not just on a single transaction.)

 

It's the difference between money that's standing still.......... and money that's working.

 

Bizarrely, people seem to think that once someone gets to the point where they've got ten million dollars......... or a hundred million........ or a billion......... or 10 billion dollars......... they're supposed to have this spare bedroom somehwere where all these stacks of cash are supposed to be, sitting there doing nothing. 

 

Wanna buy a new house or remodel? Hit the spare bedroom! Wanna buy a new car or Harley or jet? Hit the spare bedroom! Lol

 

Of course, nobody will say this, because that would make them sound really dumb.

 

But they DO say it!

 

They say it every time they whine and grouse about some rich person who starts another business.......... or buys another business.......... so they can make even MORE money! 

 

But WHY do these rich people keep adding, expanding, increasing their wealth?

 

Well, they do it for the same reason I do. They do it because they realize that money that is working for you makes sense.......... while money just stacked up in a spare bedroom doing nothing, doesn't!

 

The rich get richer.......... because........... rather than having their "extra" money doing nothing...........  they have their "extra" money doing something.

 

Because having your money sitting in a spare bedroom doing nothing.......... is dumb!

 

And you know what?

 

Lots of the non-rich can do this exact same thing. All they need to do is NOT buy the new iPhone or new HiLux truck or Coach handbag....... and be a little creative with the money they don't waste on their  frivoluos "show pieces!"

 

It's just remarkable how much better off a lot of people would be......... if they focused on "need" instead of "want," and on "growth" instead of "showing off!"

 

For the most part, rich people arent evil. They're just rich. And being rich, they've learned it is better to do something smart and productive with your money.......... than to do something dumb!

 

 

[madmitch]

1 hour ago, Mr Meeseeks said:

No they're not...

Yes. One exceptionally rich family missing from that list.

[Tony125]

6 hours ago, Jonathan Swift said:

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

 

 

[Dont confuse me]

Who actually cares? I for one don't so long as they don't interfere with me or my family I couldn't give a toss!

[hotchilli]

CP has a great business model... he spends, he accumulates, he invests and he gets rich.

He also employees thousands of Thais.

I have no beef with CP

As for Red Bull.. ????

[Chongalulu]

9 hours ago, AhFarangJa said:

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

"We’re so happy we can hardly count" ???? 

[zzaa09]

They conveniently omitted a particular influential clan to their distinguished list.

[Chongalulu]

6 hours ago, Enzian said:

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

And I never buy anything made by Red Bull.

Indeed this is an unhealthy monopoly,especially in grocery, which would simply not be allowed in developed Western economies. It is the fundamental reason behind (coordinated)unnecessarily high prices and inflation here. Allowing Tesco lotus to be included in their portfolio was unconscionable. Imagine a discounter like Lidl /ALDI being let loose on the market. 

[Jimjim1]

9 hours ago, Retiredandhappyhere said:

There is only so much you can spend on yourselves.

I really do not think spending features high for billionaires what is really the driver is achievement 

[KanchanaburiGuy]

3 hours ago, nchuckle said:

Indeed this is an unhealthy monopoly,especially in grocery, which would simply not be allowed in developed Western economies. It is the fundamental reason behind (coordinated)unnecessarily high prices and inflation here. Allowing Tesco lotus to be included in their portfolio was unconscionable. Imagine a discounter like Lidl /ALDI being let loose on the market. 

In Kanchanaburi, I can go to Big C, TMK, Makro, Tops, and one other medium-sized supermarket in a department store whose name I can't remember.

 

Oh, and I can also go to Lotus's.

 

That's  six different full-blown supermarket brands I can choose from. If I were in Bangkok, I believe I'd also have Villa and Carrefour to choose from? Is that right?

 

When I shop at Big C or Makro looking for packaged meats............ which is a big chunk of CP's business............ I find at least five........ and as many as ten....... other brands of hot dogs, sausage, and "ham"....... (as my wife calls anything remotely bologna-like ????)......... besides the "CP" brand.

 

In Lat Ya, where we actually live, there are an Open Air Markets on Friday mornings, Wednesday late afternoons, and Sunday late afternoons.

 

At the Fort Surasi Military Camp 3 km away, there is what we call the "temporary camp," where a fixed location, covered Open Air Market sells many of the same "Market" items daily.

 

At all these Open Air Markets, I also see many "non-CP" brand packaged meat items; ones that are different from the "non-CP" brands sold at Big C and Makro.

 

------------------

 

Sorry, but I think about all this.........

 

............and then I think about what that word "monopoly" means.........

 

..........and sorry, nah, I just can't see it!

 

Monopolies are bad because of the way they limit competition. Competition is always good! Does anyone have the impression from what I've described that competition is being limited, in Kanchanaburi?

 

Anyone?

 

 

[kiwikeith]

18 hours ago, Jonathan Swift said:

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

Sri Lanka is starving to death, they owe 51 billion, very serious situation, while Jumping Joe and others have sent much more than that in weapons and Zelensky is asking for another 5 billion per month, these weapons are falling onto the Dark Web 30 K buys you a stinger, much of the rest are being destroyed and captured, but the world has nothing to help them or Bangladesh and other countries that are rapidly descending into dire poverty due to Nato Joe's proxy war, were all suffering now worldwide, if I had 26 billion I might toss a bit of aid to these countries rather than buy another super yacht. 

[poohy]

15 hours ago, Mr Meeseeks said:

No they're not...

Not by a long shot but once more the truth is massaged here in LOS

I would imagine it will get harder to massage  each year until implosion

[Chongalulu]

11 hours ago, KanchanaburiGuy said:

In Kanchanaburi, I can go to Big C, TMK, Makro, Tops, and one other medium-sized supermarket in a department store whose name I can't remember.

 

Oh, and I can also go to Lotus's.

 

That's  six different full-blown supermarket brands I can choose from. If I were in Bangkok, I believe I'd also have Villa and Carrefour to choose from? Is that right?

 

When I shop at Big C or Makro looking for packaged meats............ which is a big chunk of CP's business............ I find at least five........ and as many as ten....... other brands of hot dogs, sausage, and "ham"....... (as my wife calls anything remotely bologna-like ????)......... besides the "CP" brand.

 

In Lat Ya, where we actually live, there are an Open Air Markets on Friday mornings, Wednesday late afternoons, and Sunday late afternoons.

 

At the Fort Surasi Military Camp 3 km away, there is what we call the "temporary camp," where a fixed location, covered Open Air Market sells many of the same "Market" items daily.

 

At all these Open Air Markets, I also see many "non-CP" brand packaged meat items; ones that are different from the "non-CP" brands sold at Big C and Makro.

 

------------------

 

Sorry, but I think about all this.........

 

............and then I think about what that word "monopoly" means.........

 

..........and sorry, nah, I just can't see it!

 

Monopolies are bad because of the way they limit competition. Competition is always good! Does anyone have the impression from what I've described that competition is being limited, in Kanchanaburi?

 

Anyone?

 

 

Kindest thing I can say about that is just a rambling waffle devoid of any salient argument. The fact is that both of only two major supermarket chains,the dominant major convenience store operation (7 -11) AND the only real national wholesaler/cum retailer- Makro are all under sole ownership. By any definition that is about as close to a monopoly as you can get and would certainly not be allowed by say a body like the MMC (U.K. ). 
I suggest educating yourself further on the definition of monopolies as defined by western institutions.

[KanchanaburiGuy]

5 hours ago, nchuckle said:

Kindest thing I can say about that is just a rambling waffle devoid of any salient argument. The fact is that both of only two major supermarket chains,the dominant major convenience store operation (7 -11) AND the only real national wholesaler/cum retailer- Makro are all under sole ownership. By any definition that is about as close to a monopoly as you can get and would certainly not be allowed by say a body like the MMC (U.K. ). 
I suggest educating yourself further on the definition of monopolies as defined by western institutions.

There's not a western country in the world that would consider the supermarket/food distributuon situation in Thailand a "monopoly."

 

Even the Convenience Store argument at 83% would fall on deaf ears. That's because it didn't happen because 7-11 forced competitors out or bought them up. It happened because CP created it themselves! 

 

In fact, CP could easily argue that they've created competitive opportunities for others by proving the viability of concept.

 

In response, CJs and Mini Cs and Jiffys and Lotus Expresses, et al., have had no problem whatsoever opening their own competing stores, often next to or near market proven 7-11 locations.

 

The only thing that might have been different in a western country........... is the possibility that CP might have been required to sell or liquidate the Lotus Express part of the Tesco Lotus acquisition.

 

But before the acquisition, Lotus Express seemed to be making significant inroads against this supposed market-controling "monopoly."

 

In the last few years, even out here in Kanchanaburi Province, quite a few Lotus Express locations appeared, despite there already being an abundance of 7-11 locations. I've seen several new CJs locations pop up, too. 

 

In a true monopoly situation, this won't happen. The monopolizer will either prevent it from happening........... or quickly squeeze the life out of the unwanted competitor.

 

That hasn't happened; that isnt happening.

 

All you really see with CP and 7-11.......... is deep market penetration by the people who effectively created the "Clean and Professional Convenience Store" in the first place! 

 

But yeah, a western court might have blocked THAT portion of the Tesco Lotus acquisition, because it actually was gobbling up a growing viable competitor. But that would have been just one small piece of a much larger whole.

 

Meanwhile, in Kanchanaburi, I'd guess that easily 90% of the non-Convenience Store places I could do my shopping............ are not owned by CP!

 

"Monopoly?" Pffft!

[KhunLA]

Hard not to contribute a bit to their fortunes, though just a few of them.  Maybe TOA, not sure.

 

[Eric Loh]

If CP is not the only supplier and certainly don’t own all the outlets in Thailand and that rules out using the term monopoly. Period. 

[Reposed]

Chiaravanont clan

 

They don't look Scottish....

[zzaa09]

On 7/7/2022 at 9:59 PM, Mr Meeseeks said:

No they're not...

Yep.

To this day, most are easily fooled and sidetracked.

[Scott]

Inflammatory, troll post reported and removed.

 

[starky]

On 7/8/2022 at 2:54 PM, Tony125 said:

 

 

Hows that second video? ????????????????????????????