Red Bull Co-Owners Top Thailand’s Richest List

[webfact]

 

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

 

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[ikke1959]

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

[Tropicalevo]

So, Thailand's richest family are criminals.

Aiding and abetting a fugitive from justice.

Lock them all up and boycott Red Bull products.

[motdaeng]

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 ...

 

[RandolphGB]

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

[hotchilli]

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...

[ignore it]

Be even higher on the hog if he didn't have to make as many Boss stay free payments.

[KhunBENQ]

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.
 

[john donson]

you think they pay 35% TAX?  or 0.35

[BangkokHank]

All that money - for selling poison. Shameful.