webfact Posted July 5, 2013 Share Posted July 5, 2013 WEALTHDhanin tops Thailand's richest listThe NationDhanin ChearavanontBANGKOK: -- Charoen Pokphand Group's Dhanin Chearavanont remains the most wealthy Thai, among the top 50 richest whose combined net worth is tuned at US$84 billion or one fourth of the nation's gross domestic product.The minimum net worth to make the list this year is $200 million.According to the latest Forbes Thailand Rich List, the record number of tourists are a boon for Thailand's richest. Tourism is Thailand's number one source of foreign exchange and a growing part of the nation's GDP. In 2012, 22.3 million tourists visited Thailand, up 16 per cent from 2011, reaching an all-time high.Among the tycoons from Thailand's 50 richest who benefited from the uptick in tourism is Vichai Srivaddhanaprabha, whose duty-free airport stores and retail shops are bustling and group sales increased 35 per cent in 2012. He is the year's top gainer, jumping to No.11 on the rich list from No. 37 with wealth of $1.6 billion. He is also one of 10 who moved into the billionaires club, bringing the number of ten-figure fortunes to 20, up from 12 (two fell below).Other tycoons who gained from tourism include Nijaporn Charanachitta and Premchai Karnasuta (No. 37, $405 million), who have a stake in Onyx Hospitality and William Heinecke (No. 20, $1 billion), the nation's biggest hotel operator, who became a billionaire in May.Thailand's richest also got a boost from the robust stock market, which reached a 19-year high in May before sliding a bit and is up 14 per cent from last August. Thai share sales, whether IPOs or secondary offerings, hit an all-time record in 2012. One big beneficiary was transport tycoon Keeree Kanjanapas whose BTS Group Holdings led Asia's largest IPO of the year through April. He too moved into the billionaire ranks.On top of the list for the fourth straight year is Dhanin Chearavanont. The head of agribusiness Charoen Pokphand led the group on an acquisition spree; his CP All, the world's third biggest operator of 7-Eleven stores, got approval to acquire discount retailer Siam Makro. He also bought a 15 per cent controlling stake in Ping An Insurance in the biggest-ever foreign acquisition of a Chinese company. His wealth jumped $3.6 billion to $12.6 billion this year.No. 2 is the Chirathivat family with a net worth of $12.3 billion, up 78 per cent from $6.9 billion in 2012, thanks to the strong gains in their stocks including hotelier Central Plaza (up 140 per cent) and developer Central Pattana (up 85 per cent). The family also owns a stake in Post Publishing Plc.Charoen Sirivadhanabhakdi holds his spot in third place with $10.6 billion, up 71 per cent from $6.2 billion previously. His Thai Beverage, the country's largest brewer whose shares were up three-fourths in past year, paid $11 billion for control of Singapore's beverage and property company Fraser & Neave. His private property arm, TCC Land, is the largest owner of Marriott Hotels in Asia-Pacific.There are seven new faces on this year's list including Siam Global House's Witoon Suriyawanakul (No. 27, $700 million); WHA's Somyos & Jareeporn Anantaprayoon (No. 33; $525 million); Samart's Watchai Vilailuck (No. 39; $370 million); Energy Absolute's Somphote Ahunai (No. 40; $330 million); and SPCG's Wandee Khunchornyakong (No. 43; $300 million).The top 10 richest in Thailand are:1) Dhanin Chearavanont; US$12.6 billion2) Chirathivat family; $12.3 billion3) Charoen Sirivadhanabhakdi; $10.6 billion4) Yoovidhya family; $7.8 billion5) Krit Ratanarak; $3.9 billion6) Chamnong Bhirombhakdi; $2.4 billion7) Vanich Chaiyawan; $2.1 billion8) Vichai Maleenont; $2 billion9) Prasert Prasarttong-Osoth; $1.8 billion10) Thaksin Shinawatra; $1.7 billion-- The Nation 2013-07-05 Link to comment Share on other sites More sharing options...
Popular Post kurnell Posted July 5, 2013 Popular Post Share Posted July 5, 2013 Every dollar honestly earned, no doubt. I am sure the rice farmers are benefiting from the gazillions sitting in these bank accounts. 7 Link to comment Share on other sites More sharing options...
Popular Post Thai at Heart Posted July 5, 2013 Popular Post Share Posted July 5, 2013 All in restricted industries. 8 Link to comment Share on other sites More sharing options...
Popular Post jonclark Posted July 5, 2013 Popular Post Share Posted July 5, 2013 The 7 deadly sins Pride Envy Gluttony Anger Lust Sloth Greed All requirements, in different measures, to make it onto a top ten richest list 6 Link to comment Share on other sites More sharing options...
jaltsc Posted July 5, 2013 Share Posted July 5, 2013 “Behind every great fortune is a crime.” –Honore de Balzac 2 Link to comment Share on other sites More sharing options...
Tatsujin Posted July 5, 2013 Share Posted July 5, 2013 Poor Thaksin, only #10. Bet that hurts. 1 Link to comment Share on other sites More sharing options...
jasonslater Posted July 5, 2013 Share Posted July 5, 2013 Bet his gutted Link to comment Share on other sites More sharing options...
pedro01 Posted July 5, 2013 Share Posted July 5, 2013 How can Thaksin be one of the top 10 richest IN Thailand? Link to comment Share on other sites More sharing options...
Popular Post JetsetBkk Posted July 5, 2013 Popular Post Share Posted July 5, 2013 What's the point of having all that money? If I had it, I'd give most away to worthy causes. 3 Link to comment Share on other sites More sharing options...
Chris Lawrence Posted July 5, 2013 Share Posted July 5, 2013 How can Thaksin be one of the top 10 richest IN Thailand? His chidren made some smart decisions while MR T was in charge. Link to comment Share on other sites More sharing options...
drdoom6996 Posted July 5, 2013 Share Posted July 5, 2013 The 7 deadly sins Pride Envy Gluttony Anger Lust Sloth Greed All requirements, in different measures, to make it onto a top ten richest list In any country. Link to comment Share on other sites More sharing options...
jonclark Posted July 5, 2013 Share Posted July 5, 2013 The 7 deadly sins Pride Envy Gluttony Anger Lust Sloth Greed All requirements, in different measures, to make it onto a top ten richest list In any country. completely 1 Link to comment Share on other sites More sharing options...
fstarbkk Posted July 5, 2013 Share Posted July 5, 2013 TS has 1.7bn?! Oh boy, that's enough to finance at least one or two more elections and/or red-shirt riots. Link to comment Share on other sites More sharing options...
Wombat6 Posted July 5, 2013 Share Posted July 5, 2013 How can Thaksin be one of the top 10 richest IN Thailand? Exactly. How come he can still be making money here. Does he pay any Tax ?. Why hasn't the Thai Government frozen his assets to force him to return and serve his sentence..(.oops....silly question.....he is the Government ) 1 Link to comment Share on other sites More sharing options...
wisheewashee Posted July 5, 2013 Share Posted July 5, 2013 Yeah .Duty free . reminds me Last month as I went through customs I had my two 7 baht water bottles taken from me , thinking cannot take on the plane .... Well it turned out water was for sale all over duty free for 30 baht ,same sized as the one taken from me ! This is how to get rich ! Link to comment Share on other sites More sharing options...
Baerboxer Posted July 5, 2013 Share Posted July 5, 2013 Yeah .Duty free . reminds me Last month as I went through customs I had my two 7 baht water bottles taken from me , thinking cannot take on the plane .... Well it turned out water was for sale all over duty free for 30 baht ,same sized as the one taken from me ! This is how to get rich ! Yep - captive customers and a monopoly. Wonderful businessment aren't they? Link to comment Share on other sites More sharing options...
Baerboxer Posted July 5, 2013 Share Posted July 5, 2013 Poor Thaksin, only #10. Bet that hurts. Yes, but a good slice of 2.2 trillion will boost him up next year Link to comment Share on other sites More sharing options...
culicine Posted July 5, 2013 Share Posted July 5, 2013 TS has 1.7bn?! Oh boy, that's enough to finance at least one or two more elections and/or red-shirt riots. 1.7 bil on the books, but how much off the books? - I'd imagine he's made a pretty penny the last couple of years his sister's been in power. Link to comment Share on other sites More sharing options...
Thai Complains Posted July 5, 2013 Share Posted July 5, 2013 Poor Thaksin, only #10. Bet that hurts. Dont forget that is money Thai can see... Link to comment Share on other sites More sharing options...
Thai at Heart Posted July 5, 2013 Share Posted July 5, 2013 Yeah .Duty free . reminds me Last month as I went through customs I had my two 7 baht water bottles taken from me , thinking cannot take on the plane .... Well it turned out water was for sale all over duty free for 30 baht ,same sized as the one taken from me ! This is how to get rich ! Yep - captive customers and a monopoly. Wonderful businessment aren't they? The amazing irony of all of this, is that the reasoning behind this protection is that Thailand isn't yet ready to compete with foreign companies. Bearing in mind that several of the foreign companies in various industries are open to continual accusation of using nominees, this really is not a very competitive market place. And meanwhile, they still haven't managed to come up with a profitable model for farmers, who would no doubt love to be able to sell directly to foreign companies and keep all of the middle men out of the process, continue to get sc*****d. To have an agribusiness tycoon on the top of the pile, whilst farmers continue to live hand to mouth, shouldn't really be something anyone should be that proud of. 2 Link to comment Share on other sites More sharing options...
Rooo Posted July 5, 2013 Share Posted July 5, 2013 Off topic posts removed. No need to refer to US etc....... this is about here Thailand. Link to comment Share on other sites More sharing options...
gerry1011 Posted July 5, 2013 Share Posted July 5, 2013 Poor Thaksin, only #10. Bet that hurts. #10 with around 50 billion baht... Enough to tickle the nerves of many Link to comment Share on other sites More sharing options...
mrtoad Posted July 5, 2013 Share Posted July 5, 2013 Poor Thaksin, only #10. Bet that hurts. #10 with around 50 billion baht... Enough to tickle the nerves of many Where are you on the list Gerry? Link to comment Share on other sites More sharing options...
kaspercat Posted July 5, 2013 Share Posted July 5, 2013 The 7 deadly sins Pride Envy Gluttony Anger Lust Sloth Greed All requirements, in different measures, to make it onto a top ten richest list You sound very envious. Do you know them personally? If not. It's just BS and envy that's coming out. Link to comment Share on other sites More sharing options...
gerry1011 Posted July 5, 2013 Share Posted July 5, 2013 Poor Thaksin, only #10. Bet that hurts.#10 with around 50 billion baht... Enough to tickle the nerves of manyWhere are you on the list Gerry? I am not Thai Link to comment Share on other sites More sharing options...
gerry1011 Posted July 5, 2013 Share Posted July 5, 2013 Poor Thaksin, only #10. Bet that hurts.#10 with around 50 billion baht... Enough to tickle the nerves of manyWhere are you on the list Gerry?I am not Thai By the way, the fact that this listing is only about Thai wealthy individuals or families puts us, the Thaivisa posters, all below the list. Good news!!! We are all equal here !!! Uhm... Naaaa. Some here could be even lower Link to comment Share on other sites More sharing options...
mrtoad Posted July 5, 2013 Share Posted July 5, 2013 Where are you on the list Gerry?I am not Thai By the way, the fact that this listing is only about Thai wealthy individuals or families puts us, the Thaivisa posters, all below the list. Good news!!! We are all equal here !!! Uhm... Naaaa. Some here could be even lower Hmm, that would explain why there are a few notable admissions on the list then. There must be at least 10 TV members that would qualify Link to comment Share on other sites More sharing options...
Thai at Heart Posted July 5, 2013 Share Posted July 5, 2013 (edited) I wonder if enterprising business journalist would study the figures for all of the businesses in this top ten to find out what the actual declared onshore profit is of their companies, versus claimed total profitability. You think they leave the majority of the profit in Thailand? Just found this little beauty sitting here Financial Statements For Charoen Pokphand Foods Pub (CPF)Year over year, Charoen Pokphand Foods Public Co. Ltd. has been able to grow revenues from $6.6B USD to $11.5B USD. Most impressively, the company has been able to reduce the percentage of sales devoted to income tax expense from 1.41% to 0.75%. This was a driver that led to a bottom line growth from $517.7MUSD to $603.5M USD. http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=CPF:TB&dataset=incomeStatement&period=A¤cy=US%20Dollar Edited July 5, 2013 by Thai at Heart Link to comment Share on other sites More sharing options...
mrtoad Posted July 5, 2013 Share Posted July 5, 2013 I wonder if enterprising business journalist would study the figures for all of the businesses in this top ten to find out what the actual declared onshore profit is of their companies, versus claimed total profitability. You think they leave the majority of the profit in Thailand? That would be tantamount to career suicide, and interesting there is one or two glaring admissions from this list, but I guess that is not possible to discuss. Link to comment Share on other sites More sharing options...
Thai at Heart Posted July 5, 2013 Share Posted July 5, 2013 I wonder if enterprising business journalist would study the figures for all of the businesses in this top ten to find out what the actual declared onshore profit is of their companies, versus claimed total profitability. You think they leave the majority of the profit in Thailand? That would be tantamount to career suicide, and interesting there is one or two glaring admissions from this list, but I guess that is not possible to discuss. I think you may be sadly mistaken. Agribusiness exports are largely transfer priced out of the country. The unwritten rule, is that you MUST NOT SELL OUT TO FOREIGNERS. Link to comment Share on other sites More sharing options...
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