Beer Chang Boss Makes List Of World's Richest

[george]

Beer Chang boss makes list of world's richest

BANGKOK: -- The owner of Thailand's Beer Chang brewery has made it onto the Forbes list of the 600 richest people in the world for the first time this year, joining the heads of Red Bull and Charoen Phokaphand.

Mr. Charoen Siriwattanaphakdee, who made the 194th place on the list with the wealth of USD3 billion, has built up the Beer Chang and Mekong empire to the extent that it now sponsors a major UK football club.

Also on the list in the 292nd place is Mr. Chaliew Yuwittaya, manufacturer of Red Bull stimulant drinks, and Mr. Thanin Jierawanon, president of the Charoen Phokaphand food group, in the 387th place.

Mr. Charoen's presence in the Forbes list of top billionaires for the first time this year has been attributed to his listing of Beer Chang on the Stock Exchange of Thailand (SET).

But the three Thai business leaders have a long way to go to climb to the top of the Forbes ladder, where the number one and two spots are occupied by Bill Gates and Warren Buffett respectively.

--TNA 2005-03-11

[Erwin1011]

So there's still a lot of ground to cover for Mr. T ?

[toastwars]

Bloody good show, he deserves every penny, hats off to Mr Chang supplier of many a laugh and lost hours..

[Sphere]

I could be on that list, if I stop spending all my money on Chang!

[booma]

Also on the list in the 292nd place is Mr. Chaliew Yuwittaya, manufacturer of Red Bull stimulant drinks,

--TNA 2005-03-11

<{POST_SNAPBACK}>

Is this the Asian Red-Bull, this is a rip off of the European version, completely different companies and ingredients. The Red-Bull in Asia is basically a fake!

[chuchok]

Also on the list in the 292nd place is Mr. Chaliew Yuwittaya, manufacturer of Red Bull stimulant drinks,

--TNA 2005-03-11

<{POST_SNAPBACK}>

Is this the Asian Red-Bull, this is a rip off of the European version, completely different companies and ingredients. The Red-Bull in Asia is basically a fake!

<{POST_SNAPBACK}>

Not quite correct.The European compant obtained the licence from Red Bull Thailand.Arse about face old son.

[booma]

Also on the list in the 292nd place is Mr. Chaliew Yuwittaya, manufacturer of Red Bull stimulant drinks,

--TNA 2005-03-11

<{POST_SNAPBACK}>

Is this the Asian Red-Bull, this is a rip off of the European version, completely different companies and ingredients. The Red-Bull in Asia is basically a fake!

<{POST_SNAPBACK}>

Not quite correct.The European compant obtained the licence from Red Bull Thailand.Arse about face old son.

<{POST_SNAPBACK}>

My information appears to be convoluted, I stand corrected.

[Pattaya_Fox]

Bloody good show, he deserves every penny, hats off to Mr Chang supplier  of many a laugh and lost hours..    

<{POST_SNAPBACK}>

Cheers!!

[penzman]

Part of Charoen's success is due to Jayenram's daily consumption of Chang and no mention of him, how selfish...

[sriracha john]

Well, for clarity sake, it's too bad Mr. T's wealth is divided up and hidden so much that none of them made Forbe's list, not even his gardener. For clarity sake, his family's wealth has best been estimated at up to 1 TRILLION baht...(25 billion u.s. dollars), which makes these others guys on Forbes list from Thailand look like noodle stall owners.

[Pie Boy]

I'd like to think that over the years I've played a small part in Mr Chareons success.

[johnnyk]

For Mr. T, mere money is not where the action is.

He is the public face of the people who really own Thailand. They are not Thai.

[Heng]

*yawn* And I guess American wasps and Jews don't own America because they are not "real" Americans.

Edited March 13, 2005 by Heng

[sriracha john]

What's your take on Mr. T, Heng? Is his wealth as high as has been published? It's diversified (some would say hidden) at so many different levels and with different people, it's not easy to track.

His empire is also said to make up the bulk of the entire SET.

With 4 more years in practically unopposed power, where will his net worth be at in 2009?? He will be in Bill Gates league (at least in Thailand) and be positioned to simply buy out competition, creating greater and greater wealth in a manner and to a level that has never been seen before in the history of Thailand.

[Heng]

What's your take on Mr. T, Heng? Is his wealth as high as has been published? It's diversified (some would say hidden) at so many different levels and with different people, it's not easy to track.

His empire is also said to make up the bulk of the entire SET.

With 4 more years in practically unopposed power, where will his net worth be at in 2009?? He will be in Bill Gates league (at least in Thailand) and be positioned to simply buy out competition, creating greater and greater wealth in a manner and to a level that has never been seen before in the history of Thailand.

I'd say there are families that are wealthier than his here, and not just the local royalty (although you'll find that the policy on actual family holdings is the same... that is, *it's no one's business*). What you see when he puts assets in the names of his children and associates is what older and better established families have been doing for generations upon generations, without the press or Forbes sniffing around where they aren't welcome. Given, it's a bit more difficult when you're publicly listed AND in politics. Never "seen" is right. By prudent plan and choice.

Edited March 13, 2005 by Heng

[sriracha john]

What's your take on Mr. T, Heng? Is his wealth as high as has been published? It's diversified (some would say hidden) at so many different levels and with different people, it's not easy to track.

His empire is also said to make up the bulk of the entire SET.

With 4 more years in practically unopposed power, where will his net worth be at in 2009?? He will be in Bill Gates league (at least in Thailand) and be positioned to simply buy out competition, creating greater and greater wealth in a manner and to a level that has never been seen before in the history of Thailand.

<{POST_SNAPBACK}>

I'd say there are families that are wealthier than his here, and not just the local royalty (although you'll find that the policy on actual family holdings is the same... that is, *it's no one's business*). What you see when he puts assets in the names of his children and associates is what older and better established families have been doing for generations upon generations, without the press or Forbes sniffing around where they aren't welcome. Given, it's a bit more difficult when you're publicly listed AND in politics. Never "seen" is right. By prudent plan and choice.

<{POST_SNAPBACK}>

thank you. I would also certainly omit the Royal Family from any discussion of wealth. Which family does have more wealth than Mr. T? The topic titled "Beer Chang Boss"? "CP"? ... as from what I have gathered (true, it may be inaccurate as Mr. T is not alone in hiding and shifting money), Mr. T is now way ahead.

If indeed he is not, what do you think of the assessment that by combining the power of politics with his business empire, it's just a matter of time before he does surpass everyone and is simply then in a position to buy them out entirely?

As PM, he will have unequalled opportunities to effect change in any market, be it beer, oil, frozen chickens, or cement (another huge business empire here).

Edited March 13, 2005 by sriracha john

[Heng]

Well if I told you, then everyone else would know.

As for using the business + politics angle (hardly the first time that one's been done... everyone knows you don't need to be in the president/premier/prime minister's chair to pull the strings), I don't believe he'll be able to use it to even completely control any one industry. Bill Gates can't do it, neither can Thaksin.

[sriracha john]

Well if I told you, then everyone else would know.

As for using the business + politics angle (hardly the first time that one's been done... everyone knows you don't need to be in the president/premier/prime minister's chair to pull the strings), I don't believe he'll be able to use it to even completely control any one industry.  Bill Gates can't do it, neither can Thaksin.     

<{POST_SNAPBACK}>

thank you again for your perspective.

I agree it wouldn't be the first time, but for Thailand, Mr. T's position at present is essentially unprecedented, yes?

In the satellite industry, he's the lone wolf. It's certainly set to expand tremendously when they launch the new one. The recently signed Burmese contract is a prime example of how to mix government policies with personal business interests to gather billions of baht.

In the telecom industry, he already controls the vast majority of it. A few more state "regulations" could seriously jeopardize the existence of the much smaller Orange and the miniscule Hutch, where upon he can then focus on the only real challenger, DTAC.

On the horizon is legislating casino operations through his TRT-controlled Parliment to which he can then position the newly acquired Royal Cliff in Pattaya to be the front-runner, perhaps even the ONLY allowed casino in the nation.

He is continually expanding his empire branching into previously untouched industries. Even if he doesn't control many industries in their entirity, his well diversified portfolio will be unmatched.

[jayenram]

Part of Charoen's success is due to Jayenram's daily consumption of Chang   and no mention of him, how selfish...

<{POST_SNAPBACK}>

Thank you for that kind acknowledgment, Betty. Glad to find that someone knows I'm pulling my weight.

[Heng]

Well if I told you, then everyone else would know.

As for using the business + politics angle (hardly the first time that one's been done... everyone knows you don't need to be in the president/premier/prime minister's chair to pull the strings), I don't believe he'll be able to use it to even completely control any one industry.   Bill Gates can't do it, neither can Thaksin.     

thank you again for your perspective.

I agree it wouldn't be the first time, but for Thailand, Mr. T's position at present is essentially unprecedented, yes?

In the satellite industry, he's the lone wolf. It's certainly set to expand tremendously when they launch the new one. The recently signed Burmese contract is a prime example of how to mix government policies with personal business interests to gather billions of baht.

In the telecom industry, he already controls the vast majority of it. A few more state "regulations" could seriously jeopardize the existence of the much smaller Orange and the miniscule Hutch, where upon he can then focus on the only real challenger, DTAC.

On the horizon is legislating casino operations through his TRT-controlled Parliment to which he can then position the newly acquired Royal Cliff in Pattaya to be the front-runner, perhaps even the ONLY allowed casino in the nation.

He is continually expanding his empire branching into previously untouched industries. Even if he doesn't control many industries in their entirity, his well diversified portfolio will be unmatched.

The satellite industry? We don't launch satellites do we? Own a few, yes. So they've sent up a couple of birds (manufactured by firms who at least control as much of their respective markets as Thaksin does.... Hughes and Loral). This would be an issue if there was a huge demand for satellite service and the only choice for hundreds of firms was Shin Sat. Has any other Thai firm even WANTED to launch a satellite? CP Group has been free to invest in satellite and telecoms in China... and I assume any other Thai firm could do so as well. People can point their dishes anywhere they want. They have the right not to patronize Shin Sat, UBC, AIS, etc.

Having an unmatched portfolio doesn't make a monopoly. Unmatched (I believe) is my collection of miniature Herpa and Dragon Wings airplanes.... nearly 2300 planes and two complete airports. It just means the portfolio holder in question has just worked a little harder than the competition.

[dr_Pat_Pong]

Part of Charoen's success is due to Jayenram's daily consumption of Chang   and no mention of him, how selfish...

<{POST_SNAPBACK}>

And everyone has overlooked our very own major supporter Khun George