Chirathivat beats Chearavanont to become Thailand’s richest family

[webfact]

Chirathivat beats Chearavanont to become Thailand’s richest family



BANGKOK: -- The Chirathivat family has now become Thailand's richest family beating agribusiness tycoon Dhanin Chearavanont for the top slot among Thailand's 50 richest families.

Fugitive prime minister Thaksin Shinawatra retains his status as the country’s 10th-richest man despite a decline in his net worth.

The Chirathivat family that owns Central Group, a retail and hotel conglomerate, jumped to No.1 for the first time, buoyed by 27% growth in group revenue to US$7 billion last year.

According to the “Thailand’s 50 Richest” rankings released yesterday by Forbes Thailand magazine, the Chirathivat came on top with US$12.7 billion in retail and real estate.

Coming after are

Dhanin Chearavanont & family of US$11.5 billion,

Charoen Sirivadhabhakdi US$11.3 billion,

Chalerm Yoovidhya US$9.9 billion B, and Krit Ratanarak US$5.1 billion.

Others are
6. Vanich Chaiyawan $3.9 billion, insurance, beverages,
7. Santi Bhirombhakdi & family $2.8 billion, energy drinks,
8. Prasert Prasarttong-Osoth $2.3 billion, hospitals,
9. Vichai Maleenont & family $1.7 billion, media, and
10. Thaksin Shinawatra & family $1.7 billion, investments.

Source: http://englishnews.thaipbs.or.th/chirathivat-beats-chearavanont-become-thailands-richest-family/


-- Thai PBS 2014-06-05

[Robbie Dye]

Serves somebody right for spending too lavishly

Sent from my iPhone using Thaivisa Connect Thailand

[Prbkk]

...and the list of endowments to charities ? Won't find any Bill gates or Chuck feeney style philanthropy with this lot

[rkidlad]

I would just like to congratulate them all on their wealth.

Well done, guys! Well done to anyone who has more money than they will ever need.

[332]

How many people have been killed by the misadventure of their family members without justice being served, would be an interesting measurement.

[TVGerry]

The Shinawatras are the Gates in reverse. Instead of giving away half their fortune, they get their cronies in government to give them back what was confiscated. Can't wait till their monies are frozen again and given back to the people.

[MMarlow]

...and the list of endowments to charities ? Won't find any Bill gates or Chuck feeney style philanthropy with this lot

How do you know that? A rhetorical question, of course, you don't know.

[Kalbo]

Does anyone know if any of them are self-made, i.e. from rags to riches through hard graft ?

[MMarlow]

How many people have been killed by the misadventure of their family members without justice being served, would be an interesting measurement.

Apart from the "Red Bull" accident what makes you think that these families have killed more people than, say, your family? Why should wealthy people be accused of being killers...envy?

Edited June 5, 2014 by MMarlow

[citizen33]

Well if you compare this with the high-water mark of the $1.63 billion in bank accounts identified by the Assets Examination Committee in 2007 (some confiscated; some later returned), it hardly looks as though Thaksin has been shovelling money out of the national treasury from afar on a vast scale Others have been building their capital much faster,.

[UbonRatch]

Interesting that they all look nothing like Thais, but more like civilians of a 5 yellow starred red flag country!

[Rooo]

Welcome to the club guys.

[gemini81]

Ah, from one Chimchamchong to another Chingchongchoo. Next....

[NongKhaiKid]

Is the true wealth of the Shins really known or do they have a ' little something ' well hidden ?

[CantSpell]

Does anyone know if any of them are self-made, i.e. from rags to riches through hard graft ?

Funny you should ask actually: nearly all of them: 3 out of 4 ..... Or their father:

Number 4: - Chaleo Yoovidhya : Various news sources suggest Chaleo was born in Central Thailand at some point between 1922 and 1932,^[4] to a poor Thai-Chinese family that raised ducks and traded fruit in Phichit.

http://en.wikipedia.org/wiki/Chaleo_Yoovidhya

Number 3: Charoen Sirivadhanabhakdi: Like most of Thailand's tycoons, Charoen is ethnic Chinese. He is the sixth of 11 children of a poor street vendor who migrated to Bangkok from southern China. He left school early, at the age of nine, to work.^[1]

http://en.wikipedia.org/wiki/Charoen_Sirivadhanabhakdi

Number 1: Chirathivat family : It is well known that the business of Central Group has been managed by members of the “Chirathivat” family for over 60 years, beginning from a small grocery shop

http://www.centralgroup.com/ceoManagementBoard.html

Impressive

[EyesWideOpen]

Looks like a whole lot of Chinese people there.....

[Gunna]

Well if you compare this with the high-water mark of the $1.63 billion in bank accounts identified by the Assets Examination Committee in 2007 (some confiscated; some later returned), it hardly looks as though Thaksin has been shovelling money out of the national treasury from afar on a vast scale Others have been building their capital much faster,.

Do you really think Thaksin is going to declare all the money he has siphoned off

[gemini81]

Looks like a whole lot of Chinese people there.....

Swindler's List.

[xminator]

No sort by color option?

[bigbamboo]

Is the true wealth of the Shins really known or do they have a ' little something ' well hidden ?

That is between them and their maids.

[NongKhaiKid]

Is the true wealth of the Shins really known or do they have a ' little something ' well hidden ?

That is between them and their maids.

and the security guards, the driver, the family water buffalo and ... !

[Jip99]

Well if you compare this with the high-water mark of the $1.63 billion in bank accounts identified by the Assets Examination Committee in 2007 (some confiscated; some later returned), it hardly looks as though Thaksin has been shovelling money out of the national treasury from afar on a vast scale Others have been building their capital much faster,.

Others haven't been vote buying/funding red shirt activities.............

[tullynagardy]

Do you really think Thaksin is going to declare all the money he has siphoned off

It sounds much like you dont understand how rich lists work.

No one declares anything, its simply guesstimates by "experts" at Forbes.

Did you think they phone them all and say "how much have you in your checking account?"

[gemini81]

...and the list of endowments to charities ? Won't find any Bill gates or Chuck feeney style philanthropy with this lot

Except your knight and shining weasel, falling down to number 10, if you don't include the hidden assets and in other family members' names. He made lots of nice charity to armed thugs in 2010 and such; that's pretty benevolent.

Edited June 5, 2014 by gemini81

[ezzra]

My question is, do those mega rich people ever give any thing to charity like those good

hearted and benevolent multi billionaires in the west and alike? or do they keep it all for

them selves and families? I never get to hear about any sizable charitable donation made

by any of the Maha Seatii of Thailand, do they?

[ratcatcher]

Interesting that they all look nothing like Thais, but more like civilians of a 5 yellow starred red flag country!

"Interesting that they all look nothing like Thais"

I love it when people make such bizarre statements. Is there a mould that Thais come from?

Just exactly what does a real Thai look like?

For example I think the great Native American leader Sitting Bull would find it hard to believe that Barack Obama is also an American (Thousands would disagree with that statement BTW).

Chinese Thais immigrated into the kingdom over a century ago and have contributed to its growth and have also enriched themselves and their families by dint of hard work and saviness. In some way they can be compared to the Jews with their business acumen and savings ethics.

[Bangmod]

...and the list of endowments to charities ? Won't find any Bill gates or Chuck feeney style philanthropy with this lot

No only terror funding Thaksin, but yeah in your mind that was charity too

[impulse]

"Interesting that they all look nothing like Thais"

I love it when people make such bizarre statements. Is there a mould that Thais come from?

Just exactly what does a real Thai look like?

........

In some way they can be compared to the Jews with their business acumen and savings ethics.

Ooh. Great start. Then you shot yourself in the butt..... Like all Jews are successful misers.

Edited June 5, 2014 by impulse

[beautifulthailand99]

they've missed one out...

[fab4]

...and the list of endowments to charities ? Won't find any Bill gates or Chuck feeney style philanthropy with this lot

Was the PDRC registered as a charity?