webfact Posted Wednesday at 09:54 PM Share Posted Wednesday at 09:54 PM Chalerm Yoovidhya & family, co-owners of Red Bull, have emerged as the wealthiest individuals in Thailand, according to Forbes' latest ranking. Their combined wealth surged by $2.6 billion, hitting a record $36 billion, thanks to Red Bull’s robust performance with over $11 billion in revenue from more than 12 billion cans sold globally in 2023. This advancement crowns them as the new leaders in the Forbes list of Thailand’s top 50 richest, overshadowing the long-reigning Chearavanont brothers. The Chearavanont brothers, linked to the Charoen Pokphand Group, saw their fortune drop from $34 billion to $29 billion, pushing them to the second position. This decline is attributed largely to the underperformance of Ping An Insurance, a major holding of theirs, which posted a significant $2.7 billion loss in 2023. Occupying the third spot is Charoen Sirivadhanabhakdi of Thai Beverage. Although maintaining his position, his net worth dwindled from $13.6 billion to $10 billion. Following closely is the Chirathivat family, owners of the Central Group, at $9.9 billion, marking a substantial decrease from $12.4 billion. Their recent acquisition of London's Selfridges further cements their presence in the global retail market. In fifth place, Sarath Ratanavadi experienced a drop in his wealth to $9.2 billion from $11.3 billion, marking his first significant dip since his debut in the rankings six years ago. Conversely, the beverage market buoyed the fortunes of several entrants, including Carabao co-founder Sathien Sathientham at $1.75 billion and Ichitan Group's Tan Passakornnatee at $620 million. Notably, the passing of patriarchs Petch Osathanugrah and Chaivat Taepaisitphongse saw their heirs inherit the vast fortunes, securing positions within the top 50. Despite the overall economic downturn, the Forbes list highlights the dynamic nature of Thailand’s richest and the fluctuating trends influenced by global and local market shifts. The minimum net worth required to enter this year's list was $550 million, slightly down from last year’s $590 million. Public fortunes were calculated using stock prices and exchange rates as of June 14th, offering a snapshot of the financial landscape amid a challenging economic period. Picture courtesy: 3PLUS news -- 2024-07-04 Get our Daily Newsletter - Click HERE to subscribe 1 Link to comment Share on other sites More sharing options...
Popular Post ikke1959 Posted Thursday at 12:58 AM Popular Post Share Posted Thursday at 12:58 AM So he can make a move a pay a decent wage of 600 THB at least for the people who gave him this wealth by working long hours for a minimum wage...The rich are rich because they don't want to pay for their wealth, only to keep their family out of justice 3 3 Link to comment Share on other sites More sharing options...
Popular Post Tropicalevo Posted Thursday at 01:23 AM Popular Post Share Posted Thursday at 01:23 AM So, Thailand's richest family are criminals. Aiding and abetting a fugitive from justice. Lock them all up and boycott Red Bull products. 1 1 1 Link to comment Share on other sites More sharing options...
motdaeng Posted Thursday at 01:36 AM Share Posted Thursday at 01:36 AM 8 minutes ago, Tropicalevo said: So, Thailand's richest family are criminals. Aiding and abetting a fugitive from justice. Lock them all up and boycott Red Bull products. unfortunately, there are hardly any rich families in thailand (and many other countries) who are not in the same boat ... Link to comment Share on other sites More sharing options...
RandolphGB Posted Thursday at 05:08 AM Share Posted Thursday at 05:08 AM 3 hours ago, Tropicalevo said: So, Thailand's richest family are criminals. Every one of them. They couldn't lie straight in bed. A certain family should also be included on there, seeing as they treat the country's revenue like their own purse 1 Link to comment Share on other sites More sharing options...
hotchilli Posted Thursday at 06:36 AM Share Posted Thursday at 06:36 AM 5 hours ago, Tropicalevo said: So, Thailand's richest family are criminals. Aiding and abetting a fugitive from justice. Lock them all up and boycott Red Bull products. Well they've had no help from me, I've never bought any Red Bull products in my life... 2 Link to comment Share on other sites More sharing options...
ignore it Posted Thursday at 06:44 AM Share Posted Thursday at 06:44 AM Be even higher on the hog if he didn't have to make as many Boss stay free payments. 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted Thursday at 07:46 AM Share Posted Thursday at 07:46 AM 6 hours ago, Tropicalevo said: Lock them all up and boycott Red Bull products. And better for your health. (after reading many articles about the potential serious health impact of that stuff) An attack particularly on the young generation. Link to comment Share on other sites More sharing options...
john donson Posted Thursday at 08:25 AM Share Posted Thursday at 08:25 AM you think they pay 35% TAX? or 0.35 Link to comment Share on other sites More sharing options...
BangkokHank Posted Thursday at 11:32 AM Share Posted Thursday at 11:32 AM All that money - for selling poison. Shameful. 1 Link to comment Share on other sites More sharing options...
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