Eleven Thais make Forbes' billionaires list

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THAI BILLIONAIRES
Eleven Thais make Forbes' billionaires list
The Nation

BANGKOK: -- Eleven Thais are on Forbes' 2014 billionaires list, led by Charoen Pokphand Group's Dhanin Chearavanont.

Ranked 97th among 1,645 people around the globe whose net worth this month exceeds US$1 billion, Dhanin is the richest Thai with net worth of $11.4 billion (Bt370 billion). Last year, he was ranked 58th with net worth of $14.3 billion - which was the highest level since 2009 when he first joined the ranking.

Also on the list are Charoen Sirivadhanabhakdi, Vanich Chaiyawan, Krit Ratanarak, Prasert Prasarttong-Osoth and Keeree Kanjanapas. The magazine also put Thaksin Shinawatra and family on the list, with net worth of $1.6 billion. It said that "ousted in a 2006 coup, Thaksin managed to recover close to $1 billion of his $2.3 billion in frozen assets".

The rest are Vichai Srivaddhanaprabha, Surin Upatkoon and Thongma Vijitpongpun. Aloke Lohia, chief of Indorama Ventures, was the last on the list with net worth of $1.1 billion.

Globally, Bill Gates is back on top after a four-year hiatus, reclaiming the title of world's richest person from telecom mogul Carlos Slim Helu of Mexico. Gates saw his fortune rise by $9 billion in the past year to $76 billion.

Forbes found 1,645 billionaires with an aggregate net worth of $6.4 trillion, up from $5.4 trillion a year ago. Among them, 268 were new 10-figure fortunes, including 42 new female billionaires, another record. In total, there are 172 women on the list, more than ever before and up from 138 last year.

Thanks to the technology boom and strong stock market, the United States once again leads the world with 492 billionaires, followed by China with 152 and Russia with 111. But wealth is spreading to new places. Forbes found billionaires for the first time in Algeria, Lithuania, Tanzania and Uganda.

Thai billionaires
Name net worth (US$ bn)

Dhanin Chearavanont 11.4

Charoen Sirivadhanabhakdi 9

Vanich Chaiyawan 3.65

Krit Ratanarak 2.8

Prasert Prasarttong-Osoth 1.75

Thaksin Shinawatra & family 1.6

Vichai Srivaddhanaprabha 1.5

Keeree Kanjanapas 1.35

Surin Upatkoon 1.3

Thongma Vijitpongpun 1.15

Aloke Lohia 1.1

Source: Forbes magazine


-- The Nation 2014-03-05

[bangkokheat]

i guess thats why there is little money in circulation, the billionaires are hording it

[Somtamnication]

Huge mistake! I do not see my wife's name on that list.

[Yunla]

Its too bad that money can't buy you a soul, wisdom or absolution. Since those are the three important things.

[millwall_fan]

This list rather gives a lie to the financial omnipotence of the Shinawatra family that some people peddle on this forum. comparatively small fry.

mostly ethnic Chinese, mostly desperately anxious to cling on to their fortunes and happily funding the PDRC. The richest: Dhanin Chearavanont owns CP foods of which Mr. Abhisit's father is or was until recently a director, which starts to illustrate how these people are interconnected.

[chainarong]

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Huge mistake! I do not see my wife's name on that list. alt=biggrin.png width=20 height=20>

I owe 4billion do I count

[rhythmworx]

No mention of the Chirathivat family on there, things must have gone tits up after samrits demise he was #5 a few years ago. Tos must have tossed the money away.

[tomyummer]

Undeclared or untraceable riches would probably have some Laotians, Burmese, Cambodians, and Vietnamese in there as well. Thaksin is surely worth more than that as well.

[leedstony]

disgusting

[tonytigerbkk]

This list rather gives a lie to the financial omnipotence of the Shinawatra family that some people peddle on this forum. comparatively small fry.

mostly ethnic Chinese, mostly desperately anxious to cling on to their fortunes and happily funding the PDRC. The richest: Dhanin Chearavanont owns CP foods of which Mr. Abhisit's father is or was until recently a director, which starts to illustrate how these people are interconnected.

Forbes can only publish what they are informed of.

The Shins have a lot more money than they admit to.

The only surprise here is that none of the Shin's staff (driver, gardener, maid, etc.) make this list.

They have done an excellent job of spreading/hiding their ill gotten gains.

Edited March 5, 2014 by tonytigerbkk

[Thai at Heart]

This list rather gives a lie to the financial omnipotence of the Shinawatra family that some people peddle on this forum. comparatively small fry.

mostly ethnic Chinese, mostly desperately anxious to cling on to their fortunes and happily funding the PDRC. The richest: Dhanin Chearavanont owns CP foods of which Mr. Abhisit's father is or was until recently a director, which starts to illustrate how these people are interconnected.

Forbes can only publish what they are informed of.

The Shins have a lot more money than they admit to.

The only surprise here is that none of the Shin's staff (driver, gardener, maid, etc.) do not make this list.

They have done an excellent job of spreading/hiding their ill gotten gains.

Well it isn't on the list. Since he sold the phone company a big wedge was out in the public domain.

Thing is all of these blokes have as little of it in thailand, and continue to be afforded protection by the government to prevent competition.

They are rent takers.

[LennyW]

Dhanin Chearavanont has his fingers in a few pies.......

• CP Group (Main parent company for all companies listed below) ^[2]
• Ping An Insurance (Largest Shareholder, China's second largest life insurer). ^[3]
• CP ALL (Thailand, third largest Seven Eleven Chain in the world with over 6,000 stores.) ^[4]
• Charoen Pokphand Foods (CPF Global, with operations in dozens of countries. CPF is the world's largest producer of shrimp, animal feed, and the world's third largest chicken and pork producer). ^[5]
• True Corporation (Largest Internet Service Provider, Cable Television Network, and third largest Wireless Carrier in Thailand). ^[6]
• Siam Makro (Largest Cash & Carry retailer in Thailand). ^[7]
• Chesters Grill (Major fast food chain in Thailand). ^[8]
• Dayang Motos (China's third largest motorcycle manufacturer). ^[9]
• CP PC (Major plastic production manufacturer with plants in Thailand, China, and Vietnam). ^[10]
• Lotus Supermarket Chain^[11] (China)
• Super Brand Mall, Shanghai.^[12]
• True Growth Infrastructure Fund (A $2 billion fund set up to manage True's extensive telecommunication assets including Thailand's largest fibre optic network and largest 3G & 4G cell networks. It became Thailand's second largest IPO ever in late 2013. True Corp is True GIF's largest shareholder.)
• C.P. Pokphand Listed in Hong Kong, CPP is one of the world's largest producers of feed and one of China's leading agricultural companies with factories nationwide. ^[13]
• C.P. Fresh MartA Thai based chain selling frozen foods and finished products, now has over 700 branches. ^[14]
• C.P. Land C.P. Land manages several Bangkok properties including C.P. Tower 1 & 2. It is listed through C.P. Land Infrastructure Fund and has a market capitalization of over U.S.$300 million.
• Concordian International School (Thailand).
• Magnolia Quality Development Corporation Limited (Thailand).^[15]

[rabas]

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Huge mistake! I do not see my wife's name on that list. alt=biggrin.png width=20 height=20>

I owe 4billion do I count

No, but you become very powerful. There is an old saying in business, when the debt is small the banks own you, when the debt becomes huge you own the banks. They will do anything not to loose their money.

"Hey, go get this guy Thaksin, or I think I will go broke.."

"Yassuh"

The problem is how to loose your first billions.

[kimamey]

This list rather gives a lie to the financial omnipotence of the Shinawatra family that some people peddle on this forum. comparatively small fry.

mostly ethnic Chinese, mostly desperately anxious to cling on to their fortunes and happily funding the PDRC. The richest: Dhanin Chearavanont owns CP foods of which Mr. Abhisit's father is or was until recently a director, which starts to illustrate how these people are interconnected.

I think it would be unusual in any country to find businessmen who have no political views. It's more about what they do about them and the manner in which they do it. You may have a point in the case but I don't know enough about that.

Thaksin managed to recover close to $1 billion of his $2.3 billion in frozen assets".

Is this the money taken by the Thai courts? If so how did he get it back?

[emiubon]

and they all married/son/cousin and blood connect them some how, even the big guns fighting between them now, are all cousin and such, but they can put a great show,for the mass, to fulfill the TV time, and move the problems some where else, you create a problem, and then you give the solution, in normal time, everybody would laugh at, but when they propose it is very well welcome.

Basic Marketing, nothing new....

[kikoman]

Interesting because I posted Thailand richest man based on last years 14.3 billion, and noted his net worth increased from 2.8 billion to 14.3 billion in just two short years a 600% rise and no one blinks an eye.

Was a result of a post that mentioned that Thaksin wealth increased by 450%, which again was some anti -government misrepresentation of facts as they realistically exist!

Cheers

Edited March 5, 2014 by kikoman

[Tatsujin]

This list rather gives a lie to the financial omnipotence of the Shinawatra family that some people peddle on this forum. comparatively small fry.

mostly ethnic Chinese, mostly desperately anxious to cling on to their fortunes and happily funding the PDRC. The richest: Dhanin Chearavanont owns CP foods of which Mr. Abhisit's father is or was until recently a director, which starts to illustrate how these people are interconnected.

I think it would be unusual in any country to find businessmen who have no political views. It's more about what they do about them and the manner in which they do it. You may have a point in the case but I don't know enough about that.

Thaksin managed to recover close to $1 billion of his $2.3 billion in frozen assets".

Is this the money taken by the Thai courts? If so how did he get it back?

He told Forbes that the money was returned to him by the Govt relatively recently. I have seen NO other reports of this however and of course the Govt won't admit to it.

[SABloke]

This list rather gives a lie to the financial omnipotence of the Shinawatra family that some people peddle on this forum. comparatively small fry.

mostly ethnic Chinese, mostly desperately anxious to cling on to their fortunes and happily funding the PDRC. The richest: Dhanin Chearavanont owns CP foods of which Mr. Abhisit's father is or was until recently a director, which starts to illustrate how these people are interconnected.

I think it would be unusual in any country to find businessmen who have no political views. It's more about what they do about them and the manner in which they do it. You may have a point in the case but I don't know enough about that.

Thaksin managed to recover close to $1 billion of his $2.3 billion in frozen assets".

Is this the money taken by the Thai courts? If so how did he get it back?

He told Forbes that the money was returned to him by the Govt relatively recently. I have seen NO other reports of this however and of course the Govt won't admit to it.

He had the interview in October - just before the amnesty bill debacle. I think he was so sure of the result that he got ahead of himself and disclosed this sensitive information. Just being his usual arrogant self.

Sent from my GT-S7270 using Thaivisa Connect Thailand mobile app

[umbanda]

To publish this list is an act of cruelty.....Suthep will die of envy if he see it...

[Spalpeen]

It's not a complete list so there's not really much point discussing it.

[MGP]

The mega-billionaire Dhammakaya donation worship cult was also on the Forbes cover on January.

[rabas]

Interesting because I posted Thailand richest man based on last years 14.3 billion, and noted his net worth increased from 2.8 billion to 14.3 billion in just two short years a 600% rise and no one blinks an eye.

Was a result of a post that mentioned that Thaksin wealth increased by 450%, which again was some anti -government misrepresentation of facts as they realistically exist!

Cheers

It could be because all your information is verifiably wrong and heavily slanted in favor of defending Thaksin.

According to the current Forbes page.

1) Thaksin's visible fortune increased a whopping 280% in a single shot just last March.

2) From September 2010 to March 2013 his fortune did increase 435.879%.

Your other information is also wrong, but it gets tiring to correct it all.

[gemini81]

None for farmers; just for rich chinese families, hence part of the problem of economic distribution problems and greed.

[JesseFrank]

Interesting because I posted Thailand richest man based on last years 14.3 billion, and noted his net worth increased from 2.8 billion to 14.3 billion in just two short years a 600% rise and no one blinks an eye.

Cheers

Which has been proven by other posters several times already to be a big red lie of course, because everyone with a internet connection can find out from the Forbes website that it took him 5 years to go from 2.8 to 14.3 Billion

[Bernard Flint]

This list rather gives a lie to the financial omnipotence of the Shinawatra family that some people peddle on this forum. comparatively small fry.

mostly ethnic Chinese, mostly desperately anxious to cling on to their fortunes and happily funding the PDRC. The richest: Dhanin Chearavanont owns CP foods of which Mr. Abhisit's father is or was until recently a director, which starts to illustrate how these people are interconnected.

Mongrels then ??????

[Bernard Flint]

This list rather gives a lie to the financial omnipotence of the Shinawatra family that some people peddle on this forum. comparatively small fry.

mostly ethnic Chinese, mostly desperately anxious to cling on to their fortunes and happily funding the PDRC. The richest: Dhanin Chearavanont owns CP foods of which Mr. Abhisit's father is or was until recently a director, which starts to illustrate how these people are interconnected.

I think it would be unusual in any country to find businessmen who have no political views. It's more about what they do about them and the manner in which they do it. You may have a point in the case but I don't know enough about that.

Thaksin managed to recover close to $1 billion of his $2.3 billion in frozen assets".

Is this the money taken by the Thai courts? If so how did he get it back?

More imortantly who has thwe rest and how much has been spent

[Bernard Flint]

This list rather gives a lie to the financial omnipotence of the Shinawatra family that some people peddle on this forum. comparatively small fry.

mostly ethnic Chinese, mostly desperately anxious to cling on to their fortunes and happily funding the PDRC. The richest: Dhanin Chearavanont owns CP foods of which Mr. Abhisit's father is or was until recently a director, which starts to illustrate how these people are interconnected.

I think it would be unusual in any country to find businessmen who have no political views. It's more about what they do about them and the manner in which they do it. You may have a point in the case but I don't know enough about that.

Thaksin managed to recover close to $1 billion of his $2.3 billion in frozen assets".

Is this the money taken by the Thai courts? If so how did he get it back?

More imortantly who has thwe rest and how much has been spent

[smileydude]

Actually the list is not very accurate.

They forgot to count those Thai politicians and military big wigs with cash stashed in offshore accounts and under their beds.

You'd be surprised what you can find under their beds.

[JimThai]

Hope some of these good well standing folks will share some of their wealth with the less fortunate around the country. Better schools, health care facilities and so on . . . Thanks.

[laobali]

disgusting

Not clever or corrupt enough, but still envious?